Credit Union Management

The $12 million, 1,643-member Bay Media Federal Credit Union in San Francisco has merged into the $824 million, 42,146-member San Francisco Fire Credit Union.

In support of its governmental affairs and regulatory work, the Virginia Credit Union League is relocating key members of its staff to a newly purchased office building just two blocks from Capitol Square in downtown Richmond.

An increasing number of executives are pessimistic about the 2013 outlook for their credit unions because of more regulations, low interest rates and a weak economic recovery, according to a Web survey of 271 credit union leaders by Abound Resources, an Austin, Texas-based management consulting firm.

The board of directors of South Florida Educational Federal Credit Union has selected Mike DiBenedetto to succeed William Page as president/CEO of the $800 million Miami-based credit union.

APG Federal Credit Union of Aberdeen, Md., last week celebrated 75 years of continued growth, and service to its members and communities.

Now that Bank Transfer Day has come and gone, some credit unions have been working hard to expand those new relationships centered on one facet that longtime members often tout: loyalty.