Credit Union Management

As the credit union community watches the evolving situation in North Carolina, no matter which side of the issue youre on, youre witnessing organizations that know how to grab attention.

The postmortem on last months two failed merger attempts that were victims of member opposition hits on three ingredients: poor communications, a rushed timetable and lack of enough advance explanation to constituents and the public.

Over the last couple of years, especially in 2011, many credit unions flocked to social media to extend their presence into the digital realm.

While the 550,000 policyholders of the newly restructured CMFG Life Insurance Co. may not see any substantial changes, the firms parent company is looking forward to how the move will help it diversify and expand beyond the credit union industry.

For another week, the dispute over the CAMEL rating disclosure involving the NCUA, the North Carolina Credit Union Division and the $23 billion State Employees Credit Union of Raleigh, N.C., continued to roil the states CUs as managers expressed new frustration and anxiety over dual exams.

After more than 75,000 people asked Sallie Mae to stop charging forbearance fees to unemployed college students via an online petition, the education-focused financial services company made a compromise.