Browsing all posts in "Credit Unions".

Argonne Credit Union Board Passes Merger Resolution

The Argonne Credit Union Board of Directors formally agreed to merge with Prairie Trails Credit Union tonight by passing a Resolution of Merger. The Prairie Trails Board passed a similar resolution Wednesday night. Regulators from the Illinois Department of Financial Institutions will now review the merger for final approval.

Credit Union Board of Advisors

Illinois Governor Pat Quinn has appointed me to serve on the state’s Credit Union Board of Advisors. My appointment was confirmed Friday after a local judge swore me into office.

ACU in Black for Second Year

Management estimates that Net Income will be 134% over its original budget.

Final Thoughts on the 2009 ICUL Convention

All-in-all I’d give the event an “A.” Here are some things I like as well as areas for improvement.

The Best ICUL Session: Succession Planning

One thing many people forget when they serve on any type of governing board is that each individual director is a temporary steward of that organization. The capital-B Board lives on indefinitely. As stewards of an organization, it is in the member’s best interest to insure that the next generation of trustees is qualified, experienced, and capable to lead. Here are two recommendations to lay the groundwork to achieve that goal.

ICUL Legisltative Update

Robert Meza, the director of the Department of Financial Institutions, was the main speaker during this morning’s legislative update at the Illinois Credit Union League’s annual convention.

Three Must Sees at the ICUL Convention

I will try to blog from the convention as time permits, and plan on dropping a few tweets throughout the day. Follow me @BrianMcDaniel. I’ll be using the #ICUL hash tag.

The Future of Corporate Credit Unions

Scrapping a system used by thousands of credit unions does not make practical sense. It is akin to abolishing the Federal Reserve System because of a few problems among major banks. Regionalization—through consolidation or merger—is a better path.

Keeping Increased Member Savings at Your Credit Union

This White Paper provides strategic recommendations to improve income streams, seizing strategic advantage, and providing a beneficial service to credit union members.

Previewing the Illinois Credit Union League Convention

The Illinois Credit Union League’s annual convention begins Thursday at the Chicago Hilton and Towers. Given the turbulence in the financial sector, this year’s aptly named theme is Shake, Rattle and Roll. While there will be plenty of breakout sessions for management and board members, I expect the biggest topic of conversation this year will be follow along one of these three lines.

March’s 5 Most Read Stories

So what are you reading? Here’s March’s 5 Most Read Stories.

What Credit Unions Should Be Telling Their Members

As credit unions react to the collapse of U.S. Central and WesCorp, credit unions leaders need to react quickly to reassure members and the communities they serve. Here is what you should be saying.

A Brief Explanation of the Credit Union System

Federal regulators took control over two corporate credit unions Friday night. U.S. Central Federal Credit Union and Western Corporate Credit Union are two of 28 corporate credit unions that provide wholesale financing for American credit unions. Here is a basic overview of the credit union industry and how it operates.

AdAge: Banks That Spend, Win

A new report from financial-services research firm Aite Group found that top 25% highest-performing banks are those with TV-heavy buys. I examine their recommendations for new advertising metrics such as ad-spend-per-deposit and deposit-growth-per-ad-dollar.

Argonne Credit Union Annual Meeting

The Argonne Credit Union held their 59th Annual Meeting tonight at the Prairie Bluff Country Club in Crest Hill. Brad Stacy, Jim Miller, and I were elected to another three-year term.