Credit Union Management

Three specialized groups formed, two more planned.

NAFCU Services Corporation's sixth annual Executive Compensation and Benefits Survey is now open for federal credit unions to participate.

Credit union consulting firm Dollar Associates LLC announced last week that it will add executive recruiting to its list of services offered to the credit union industry beginning in 2012.

Consumers have been conditioned to have a whats next? mentality when it comes to new product launches and technology improvements. Theyre often not even aware they needed the latest gizmo, but it quickly moves to something they cant live without.

Washington compliance specialist COMPASS 4 CUs said it has signed the $172 million Ashland CU in Ashland, Ky., and $189 million Arlington Community FCU in Arlington, Va., as new clients.

VCCUs 2011 successes included a net income of $5 million; an ROA of 0.93%; a net worth/assets ratio of 8.23%; a total assets increase to $567 million from $509 million in 2010; and a membership increase by 6,400 new members. The credit union currently employs 121 people.