Credit Union Management

In a courtroom in the U.S. District Court for the District of Columbia last week, the NCUA tried to convince a federal judge to let it continue conserving Vensure Federal Credit Union.

The $190 million American 1 Federal Credit Union of Jackson, Mich. is looking to gain a toehold in the Detroit market late this summer with its plans to merge with the ailing $55 million Premier Financial CU of Detroit.

Theres too much going on these days to focus on one thing. Sure there are lots of options to write about but it can also be distracting. So heres a spin around the credit union industry in 800 words or less to highlight a few big issues.

I doubt that I am the only CEO who reviews the financial performance of my neighboring credit unions. So I’ll admit I’ve been watching one credit union in particular–they are of heightened interest because their parking lot adjoins our parking lot.

During the industry debate over board member term limits, regulators have focused on the board's responsibilities, financial literacy, qualifications and, in almost every regulatory letter, made it clear that the board is responsible for more and more of the credit union's day-to-day operations.

The nation's largest ethnically based credit union has hired on a former banker as CEO.