Credit Union Management

The credit union serving the now-closed hospital with the trauma center nearest to Ground Zero is shutting down.

For months it has been the sand states getting all the merger attention. But last weeks consolidation move by the $2.6 billion Visions FCU, Endicott, N.Y., to take over the long-ailing $330 million Paragon FCU in New Jersey shifted the merger focus to the Mid-Atlantic.

Ask Joel Dahlgren how to build a bigger, more financially stable, better-capitalized credit union and this Minnesota lawyers advice is surprising: regularly give away capital to members.

Peoples Trust Federal Credit Union is mourning the death of Patricia Longoria Garcia, executive vice president and Signal Hill Financial CEO, who lost her lengthy battle with cancer.

At the end it was touch-and-go, but at last New Jersey Gov. Chris Christie has signed the municipal deposit bill empowering credit unions to start accepting government funds.

For some credit unions, finding ways to create alternative capital can be a daunting and ongoing strategic maneuver.