News

John Henry, senior vice president, MEMBERS Financial Services, Sales, resigned on Aug. 23.

A happy New Year will begin early for the more than 147,000 members of Founders Federal Credit Union. Founders will return $6 million to its members as a bonus dividend--the largest in the credit union's history. It will be distributed among borrowers and savers on December 31.

Credit unions continued to outgrow their spaces in 2006 as many were either breaking ground or opening the doors to new headquarters.

Debbie Matz retired from government service when she left the NCUA Board in the fall of 2005, but resurfaced in the private sector. She started April 17, as executive vice president and chief operating officer at Andrews Federal Credit Union, fulfilling her desire to stay in the credit union community....

NCUA and NASCUS have scheduled a national meeting between the federal and state credit union regulators for March 25-27, 2007 in Salt Lake City, Utah.

This year saw credit union institutions dedicated to helping lower income members and unbanked communities make innovations and change the way they did business to bring more depth to their efforts.