Pundits and philosophers have noted that throughout history there is nothing permanent except change. Sometimes we create the change; other times, we respond to it. But we should never ignore it.

The $3.9 billion Patelco Credit Union experienced its most profitable year in the Pleasanton, Calif.-based institutions 76-year history, with a $55.5 million net profit and 1.48% return on assets. In fact, last years earnings were more than the total of $37 million earned from 2005 to 2011 combined.

Like many executives, Chad Graves begins his day by reading The Wall Street Journal, USA Today and his local newspaper. Only Graves is not a CEO or CFO, hes the chief technologist at Ent Federal Credit Union.

Although the NCUA is already addressing key findings revealed in a national survey conducted by CUNA and its affiliated state league organizations, the trade association told Credit Union Times that the results still show room for improvement.