Credit Union Management

The NCUA liquidated Land of Enchantment FCU, and Guadalupe Credit Union purchased and assumed its assets, liabilities and members.

The boards of federal credit unions can delegate hiring, firing and compensation functions to the executive committee and, within limitations, to the CEO, according to NCUA General Counsel Robert Fenner.

ORNL Federal Credit Union’s President/CEO John McKittrick has announced his retirement.

Two Seattle area credit unions, the $564 million Watermark CU and the $544 million Sound CU of Tacoma, are planning a summer merger, creating the state’s fourth largest CU.

While fees and good service are still important, the most common reason some have for switching banks may have more to do with a change in life circumstances.

Several noteworthy points were raised in the Feb. 9 article "Natural Person CUs Plunge into DIY Investing" [page 6]. Credit unions are wise to consider…