Credit Union Times Magazine October-29, 2003

News

  • International CU Day Innovations

    See page 17 for a look at the various events credit unions held throughout the nation to celebrate International Credit Union Day.

  • Callahan's Johnson: Multi-Owned CUSOs Are Wave of the Future

    WASHINGTON - It's no news to anyone active in CUSO circles that multi-owned CUSOs are increasing in number and playing a larger and important role in the CUSO community. That's why Callahan & Associates is including for the first time, a listing of the top 25 multi-owned CUSOs in its...

  • Brancucci: CUs Need to Take More Mortgage Lending Risks

    TUKWILA, Wash. - If it were up to Prime Alliance's Joe Brancucci, no company would be allowed to be nominated for NACUSO's `Professional of the Year' award unless they could prove they were willing to take risks and demonstrate they were doing something out of the ordinary. The 52-year old...

  • Special Report: CUSOs

    CUSOs are not only increasing in number, but regulatory and legislative changes are expanding their ability to provide new products and services to members. Catch up on CUSO news in a special report on pages 20-23.

  • `Trusted Advisor' Role Crucial for CUSO Investment Reps, but Definition of Trust is Elusive

    SAN DIEGO - It may seem obvious that financial services CUSO investment representatives need to be viewed as `trusted advisors' by credit union members. But members' definition of `'trust' not necessarily as obvious as the premise. That became apparent to CUSO Financial Services (CFS) through a series of focus groups...

  • Kinecta FCU Stresses CUSO Integration Model as Best for Members

    MANHATTAN BEACH, Calif. - Kinecta FCU President/CEO Tom Graham is well aware of the business paradigm that some credit unions operate their wholly-owned CUSOs under - keep the sales-oriented, for-profit CUSO separate from the service-oriented, not-for-profit credit union. That might work for come credit unions and CUSOs, but Graham doesn't...

News Briefs

  • CUNA Asks Congress for Increase in SBA Funding

    WASHINGTON-CUNA urged key appropriators in a letter last week, to increase funding for the Small Business Administration's lending programs by $30 million for fiscal year 2004. In similar letters to Appropriations Committee Chairman Bill Young (R-Fla.) and Ranking Member David Obey (D-Wis.), CUNA President and CEO Dan Mica stated that...

  • Wisconsin Credit Union Legislation Signed into Law

    MADISON, Wis. - Gov. Jim Doyle signed the state's recently passed financial modernization bill, which includes several credit union provisions, in to law. Among the provisions of the new law, it allows CUs to serve multiple regions and counties, makes it easier for them to open branch offices, and allows...

  • Michigan Modernized CU Act On Way to Governor's Desk

    LANSING, Mich. - Michigan credit unions celebrated the passing of the state's modernized Credit Union Act by the state House on Oct. 22, one day after the measure was passed by the House Commerce Committee. The vote in the House was 106-0. The measure - Senate Bill 496 - is...

  • Navy FCU, State Employees CU (N.C.) Make NACHA's Top 50 List

    HERNDON, Va. - Two credit unions made NACHA's first-ever list of the top 50 largest receiving financials of ACH payments. Bank of America topped the list with over 507 million payments, followed by Wells Fargo with 330 million. The two credit unions on the list are Navy FCU at number...

  • FCRA Renewal, Id Theft Legislation Introduced in Senate

    WASHINGTON-Senate Banking Chairman Richard Shelby (R-Ala.) finally introduced a bill Oct. 17 to renew the federal preemptions in the Fair Credit Reporting Act with added identity theft protections. With that technicality out of the way, the legislation can now move onto the Senate floor, which credit union lobbyists expect to...

  • Vandenberg FCU Becomes CoastHills FCU

    LOMPOC, Calif. - After some 45 years, the winds of name change have finally swept up Vandenberg Federal Credit Union. The $400 million credit union has changed its name to CoastHills FCU. According to CoastHills FCU Public Relations Director Paulette Cunningham, the board voted unanimously for a name change in...

  • Washington State Division of CUs Emphasizes Importance of Succession Planning

    OLYMPIA, Wash. - Any credit union in Washington State that doubted the importance the Division of Credit Unions places on succession planning only has to refer to a bulletin the DCU recently issued. Observing that "a large portion of our credit unions have management approaching retirement age in the near...

  • SEC Reviewing Pending Acquisition of Sentry Trust Co., One of First Trust Firms Serving CUs

    LEWISBURG, Pa. - Launched seven years ago to offer trust services and wealth management to credit unions, Sentry Trust Co. is on schedule to be acquired by Sun Bancorp Inc. by early December. The SEC is conducting a more extensive review of the acquisition as it has done with other...

  • Empire Corporate Aims to Help CUSOs with Capital Issues as Corporates Continue to Diversify Offerings

    ALBANY, N.Y. - Corporates continue to find unique business opportunities in the industry. Last year Northwest Corporate broke ground by starting a new CUSO aimed at helping its credit unions serve business accounts. Empire Corporate is hoping to meet a new demand, CUSO services. As the number of CUSOs proliferate,...

  • CULAC Receipts and Contributions Surpass $1 Million

    WASHINGTON-While still in the first year of the 2003-2004 election cycle, CUNA's Credit Union Legislative Action Council has rounded the $1 million mark in contributions received and handed out. According to the political action committee's latest Federal Election Commission report, CULAC received $146,946.70 last month, pushing the year-to-date receipts to...

  • Charlotte Metro CU Making a Difference With Checking Promotion

    CHARLOTTE, N.C. - Rather than give away freebies to increase its checking accounts, Charlotte-Metro Credit Union is appealing to members' altruistic side. For every new checking account opened through the end of this year CMCU will donate $10.00 to the Victory Junction Camp. Victory Junction Camp is part of Paul...

  • Does Gov.-Elect Arnold Schwarzenegger Belong to a Credit Union? Who Knows

    SACRAMENTO, Calif. - What if anything California Governor Elect Arnold Schwarzenegger knows about credit unions is still hard to determine. Schwarzenegger's camp has been mum on credit unions so far. When Credit Union Times contacted Schwarzenegger's office, a spokesperson said credit unions would be one of many things the office...

  • Big Surprise, Bankruptcy Reform Likely Dead Again

    WASHINGTON-Though bankruptcy reform legislation (H.R. 975) has blown out with the Washington-area summer weather, credit union groups continue to put an emphasis on its eventual passage. NAFCU Director of Legislative and Political Affairs Brad Thaler said that he got a chance to speak with Senate Minority Leader Tom Daschle (D-S.D.)...

  • Financial Literacy Key to Breaking Payday Lending Cycle, `Profitable' for CUs

    NEW YORK- NCUA Chairman Dennis Dollar told attendees of the National Federation of Community Development Credit Unions' Financial Literacy Conference, during his keynote address, that financial literacy programs should be a priority at all credit unions, especially in low-income communities. Credit unions can "provide the vital link between access to...

  • California Credit Unions to Waive Wire Fees For Payments to Holocaust Survivors

    LOS ANGELES - At least 15 credit unions have agreed to waive the international transfer fees for monthly restitution payments made to Holocaust survivors living in California. They join more than 100 financial institutions in the state that will not charge the fee, which ranges between $10 and $40 to...

  • CO-OP Network Deploys First Additional Feature ATMs

    ONTARIO, Calif. - CO-OP Network, the largest credit union owned surcharge-free ATM network in the country, has deployed its first ATM which supports additional services than taking deposits and dispensing cash. Cardholders at the iATMglobal ATM will now have the ability to purchase movie tickets, flowers, pre-paid long distance and...

  • Community Charter Seen as Key Tool for Auto CUs; Three of Largest Automotive CUs Going the Community Route

    LANSING, Mich. - Underscoring a trend among automotive credit unions to diversify, it hardly seemed surprising that three of the largest auto CUs in the U.S. carried Web announcements about converting to community charters. "We actually converted eight months ago but we made it official last week by changing our...

  • Regulator's Overdraft Recommendations Pose Few Problems for Pennsylvania CUs

    HARRISBURG, Penn. - Pennsylvania credit unions have gotten the go-ahead from the state Department of Banking to offer overdraft protection programs and to proceed - but with caution. Credit unions in the state recently received letters from A. William Schenck III, secretary of banking, that outlined recommended practices for overdraft...

  • Reasons Members Sue Credit Unions and Win Vary, But a Proactive Plan Can Thwart Financial Loss

    CINCINNATI - It's not the most popular topic of discussion for credit unions, but the "healthy" number of lawsuits members file can result in significant financial losses if a threat to sue is not taken seriously or even worse, ignored. Robert Rutkowski, an attorney with Weltman Weinberg & Reis, L.P.A....

  • Security of Financial Infrastructure Top Priority In Disasters; Industry Preparedness Scored Well

    WASHINGTON - Is the nation's financial system safe during disasters? The House Financial Services Subcommittee on Oversight and Investigations held a hearing last week entitled Government and Industry Efforts to Protect Our Money During Blackouts, Hurricanes, and Other Disasters, to find out. The hearing looked into security and disaster preparedness...

  • TCUL To Launch `Built by You. Owned by You.' Ad Campaign

    DALLAS - Credit union chapter leaders from across the state got a sneak preview last week of a new ad campaign, "Built by You. Owned by You," that will be launched by Texas Credit Union League on October 31. The campaign was unveiled at the League-sponsored Credit Union Chapter Leaders...

  • U.S. Central Rebrands NLAC as Charlie Mac to Reflect its Triple Purpose

    LENEXA, Kan. - Move over Freddie there's a new Mac in town. Charlie Mac is the new name of Network Liquidity Acceptance Company, LLC, a U.S. Central subsidiary that works through corporates to purchase credit union loans. Charlie Mac was started in 1998 during a time of tight liquidity in...

  • The Changing Role of the Credit Union CFO Strongly Linked to Member Behavior, Race to Stay Competitive

    RALEIGH, N.C. - For many years, the chief financial officer had a well-defined place in the credit union pecking order. Sitting right below the CEO, the CFO was in charge of financial functions like accounting and reporting, planning, risk management, and corporate finance. Today, the CFO is emerging as the...

  • New Web-based Rewards Program Dreamt up by Some Longtime CU Professionals Aims to Deepen Member Relationships

    PORTLAND, Ore. - Some current and former credit union leaders are behind a new Web-based relationship pricing product that they believe can do for credit unions what frequent flier programs did for airlines. The product is known as PoinTracs, and the company offering it is Portland, Oregon-based AlphaPk, LLC. Most...

  • NCUF Getting Out of the Grant Business, Letting State Arms Take Over

    ARLINGTON - This year is the last one in the foreseeable future in which the National Credit Union Foundation will make grants to individual credit unions, according to a Foundation executive, opting instead to let state leagues and foundations fund more discrete efforts. That change, combined with reductions in federal...

  • Credit Union, Bank Battle Subject of Fed Reserve Bank of St. Louis Magazine Article

    ST. LOUIS - Count The Regional Economist magazine published by the Federal Reserve Bank of St. Louis as being among the publications that has given editorial space to the credit union and bank battle. The October 2003 edition featured an article, "Credit Unions Make Friends - But Not With Bankers"...

  • Couch: Financially-strapped Leagues With Dwindling Members Should Consider Merger Option

    SIOUX FALLS, S.D. - Credit unions in North and South Dakota begin voting next month on a long-running plan to consolidate their two state Leagues, but the final package could set a pattern for League structure across the U.S. That was the forecast this week of Donald P. Couch, the...

  • Credit Unions and SBA Are Still Getting to Know Each Other

    WASHINGTON-Credit unions and the Small Business Administration are similar to two people going out on their first date, according to SBA General Counsel David Javdan. In his comments during a panel on the legal risks and requirements of SBA lending at the NCUA's Oct. 16 PALS conference, Javdan encouraged credit...

  • NCUA Goes Above and Beyond on Fraudulent CU Ad Problem That Has Burst on the Scene in Recent Months

    ALEXANDRIA, Va.-Fraudulent credit union newspaper advertisements have run in at least 19 states that investigators are aware of and individual victims have been bilked out of funds ranging from $650 to in excess of $15,000, according to NCUA Office of General Counsel Federal Investigator David L. Eno who has been...

  • More Credit Unions Wading into Paid-Time-Off Pool As Way to Combat Absenteeism, Boost Morale

    WEST PALM BEACH, Fla. - Sick days, personal days, vacation days..they're all the same under a paid-time-off pool. More credit unions are implementing PTO pools as they recognize the benefits they can have on employee morale and attendance. According to the Society for Human Resource Management Annual Benefits Survey, employers...

  • NCUA Board Tends House at October Meeting; Agency Net Income at Lowest Levels in 10 Years

    ALEXANDRIA, Va.-The NCUA Board performed some housekeeping duties during a brief open meeting Oct. 23. NCUA CFO Dennis Winans presented the board with the quarterly insurance fund report. The agency's net income is projected to be down to $40 million for 2003, according to NCUA data. This was far below...

  • Fraudulent Advertisements for Fake Credit Unions Have Run in 19 States. They Are:

    Pennsylvania, Florida, Arkansas, Wisconsin, Vermont, Ohio, North Carolina, Utah, Washington State, Michigan, Idaho, California, Texas, Missouri, Colorado, New York, South Carolina, Georgia, Iowa

  • The President's Customary Acknowledgement of CUs

    The President's annual acknowledgement of International Credit Union Day is pretty much a given, but it's exciting nonetheless for credit unions that may wonder if the world knows what they are and what they do - the president sure does.

  • White Named Interim CEO of Constitution State Corporate as Gallant Resigns

    WALLINGFORD, Conn. - Following the resignation of Constitution State Corporate EVP Greg Gallant, the corporate named Bill White, manager of operations, as interim CEO. White has been with the $1 billion corporate for 16 years and has made it known that he does not want the CEO job. Constitution's Board...

  • Wells Fargo Dropping Concord?

    ARLINGTON, Va. - The U.S. ATM and EFT landscape has shifted again as Wells Fargo bank announced that it has dropped MasterCard's Cirrus network to process its ATM transactions, in favor of Visa's Interlink. This has raised questions about the bank's agreements with the STAR network, which is owned by...

  • MBLs: Good for the CU Soul (and Bottom Line)

    WASHINGTON-Member business loans are as good for credit unions' financials as they are for their image of helping to kick-start the nation's economy, one economist recently pointed out. During a presentation at NCUA's Partnering and Leadership Successes Member Business Lending Workshop, CUNA Chief Economist Bill Hampel told about 200 attendees...

  • Two of Canada's Largest Credit Union Centrals Call off Merger

    TORONTO - Citing the lack of compatible legislation framework, the Credit Union Central of British Columbia and the Credit Union Central of Ontario have called off a merger that had been in the works since 2000. In a 2000 Credit Union Times article, both Wayne Nygren, president/CEO of CUC of...

  • The Price is Right!

    Michigan State University Federal Credit Union hosted its own version of the popular game show "The Price is Right" complete with its very own "Bob Barker" and "Barker's Beauties" to help celebrate International Credit Union Week. MSU FCU staffers competed for fabulous prizes by answering credit union related questions.

  • Palling Around at PALS; MBLs Take Center Stage

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  • Drawing their Hearts Out

    Kindergarteners through third graders got in on the ICU Day celebration by participating in the SteelWorks Community FCU/Weirton-Wellsburg Chapter Coloring Contest. Three winners from each age group were selected from over 1,400 entries. Winners show off their talents and each student received a $50 U.S. Savings Bond.

  • Ready? March!

    ICU Day inspired AmeriChoice Federal Credit Union to join in the local Mechanicsburg Halloween Parade. This was the first time that the credit union entered a float in the parade competition and Team AmeriChoice FCU staffers used over 10,000 sheets of tissue paper to make a red, white, and blue...

  • And the Winner Is..

    International Credit Union Day turned out to be one member's lucky day as (from left) Raritan Bay FCU President/CEO Thomas J. O'Shea named Michael Tingle, winner of the "Choose Your Own Vacation Sweepstakes." Tingle was awarded a $2,000 voucher towards the vacation of his choice. The yearlong sweepstakes was promoted...

  • ICU Day=Education

    The Credit Union Partnership for Informed Consumers marked ICU Day by passing out Money Management Workbooks to members and non-members alike. Some 25,000 workbooks promoting practical ways to be fiscally fit were printed and over 8,000 flyers were distributed in the local newspaper Tallahassee Democrat advising consumers about the free...

  • Rolling up their Sleeves

    Albany, New York-based credit unions teamed up at Empire Corporate FCU headquarters and took this year's ICU Day theme of "Heart of Our Communities" literally by sponsoring a blood drive. This is the fourth consecutive year the corporate and credit union employees have rallied the community to donate the "gift...

  • Diversification in Membership and Assets is Key to Success, Matz Advises

    INDIANAPOLIS, Ind.-NCUA Board Member Deborah Matz told attendees of Mid-States Corporate Federal Credit Union's Economic Forum that reaching many types of people with a wide array of services will help credit unions diversify membership, as well as assets. "Diversity - both in membership and in assets - is the best...

  • Heritage CU Site Adds Credit Reports

    MADISON, Wis. - Credit unions better start thinking ID theft prevention based on recent history. In its continuing battle against identity theft, Heritage Credit Union has just made it easier for members to access their credit reports and scores. HCU has added TransUnion's True Credit to its Web site links....

  • There is More to Business Services than MBLs

    WASHINGTON-While it is appropriate for credit unions to offer their members the business capital they need to get things going or to simply grow, there is more to business services than just lending. Northwest Corporate Federal Credit Union CEO Kathy Garner told attendees of the NCUA PALS workshop in Washington,...

  • Ent FCU Recognized as "Champion of Industry," Will be Profiled on CNN

    COLORADO SPRINGS, Colo. - Ent FCU was named an award winner as part of Pat Summerall Production's "Champion of Industry" and will be profiled on CNN's Headline News on Oct. 30 in a two-minute broadcast announcement. The announcement will air sometime between 4:00 and 4:30 p.m, Mountain Time, the $1.6-billion...

  • Credit Union 24 Initiating Rewards Program

    TALLAHASSEE, Fla. - Credit Union 24, the Florida based credit union owned surcharge free ATM and EFT network, has implemented a rewards program designed to benefit its member credit unions and encourage them to promote card use. Called the Platinum Rewards program, the effort will classify CU 24 members into...

  • North Island Financial CU's Dillingham Recognized for Business Accomplishments

    CHULA VISTA, Calif. - Geri Dillingham, EVP-Member Relations for North Island Financial CU has received a "Women Who Mean Business 2003" award from the San Diego Business Journal. The award recognizes women who have had significant impact in the business community over the past year. Dillingham was one of 25...

  • Pacific Service CU Donates to Elderly Abuse Prevention Group

    WALNUT CREEK, Calif. - Pacific Service Credit Union is doing its part to prevent elderly abuse. The $950 million credit union has donated $5,000 to The California Community Partnership for the Prevention of Financial Abuse (CCPPFA) efforts in Contra Costa County. CCPPFA is a non-profit partnership of financial institutions, adult...

  • CUNA Mutual Group's Insurance Companies Receive Excellent Rating

    MADISON, Wis. - Recognizing its operating returns, liquidity and "conservative" balance sheet, A.M. Best recently reaffirmed its "A" rating of CUNA Mutual Group's primary insurance companies. The ratings agency applied the "Excellent" rating to CUNA Mutual Insurance Society, CUNA Mutual Life Insurance Co., (CMLIC), MEMBERS Life Insurance Co., and CUMIS...

  • Envision Credit Union Gives Young Artists a Hand

    TALLAHASSEE, Fla. - After over 20 years, Envision Credit Union's 13-month academic year planners are now not only useful tools for students and teachers but also a showcase for budding artists. Approached early in the year by a local school board employee about using student artwork in the planner the...

  • Former Credit Union Executives Do Very Well in Stock Offering

    NEW YORK - Executives and board members for Rainier Pacific Bank, the former Rainier Pacific Credit Union, have done very well in the former credit union's initial public offering. The data from October 21 trading shows shares of Rainier Pacific Financial Group, which is the stock issuing holding company for...

  • USE Credit Union Converts Investment Program to XCU Capital

    CARLSBAD, Calif. - USE Credit Union is the latest to convert its investment program to XCU Capital Corp., a credit union-owned broker/dealer. The partnership allows USE to have access to XCU Capital's product offerings such as mutual funds, annuities, stocks and bonds and insurance products through Focus Insurance Agency, Inc.,...

  • NEFE Touches Record Number Of Students, Schools

    MADISON, Wis.-The National Endowment for Financial Education's financial education program aimed at teenagers reported record numbers of students participating, according to CUNA. More than 76,000 students at almost 900 high schools took part in NEFE's High School Financial Planning Program during the 2002-03 school year, sponsored by CUNA. That includes...

  • This Year Credit Unions Prove That International Credit Union Day Doesn't Have to be a Stodgy, Ho-Hum Ritual

    WEST PALM BEACH, Fla. - Another International Credit Union Day has come and gone, and again credit unions have found unique ways to celebrate the event. From community support efforts to parties, credit unions found creative ways to not only celebrate International Credit Union Day but also educate the public...

  • PULSE Quietly Takes its Switch In-house; Credit Union Cardholder Downtime Minimal

    HOUSTON - Over the weekend of October 17, 18 and 19, while very few of their card issuing credit unions or cardholders realized it, the PULSE EFT Association moved its transaction switching in-house, moving it from an outside provider to a new "world class" facility at its new Houston headquarters....

  • Spicing it Up

    Maine Credit Union League Director of Corporate Services Tom Gavin fills his plate with food from around the world during the League's Fourth Annual Taste the World event. Kicking off ICU Day it featured food from 15 countries while raising nearly $200 for the Ending Hunger Campaign. In addition MCUL...

  • CUNA Publishes New Member Brochures on Mortgages, Small Biz Loans

    MADISON, Wis. - CUNA's Center for Personal Finance has come out with two new statement stuffers for credit unions to send to members that explain how to determine an affordable mortgage loan and discuss the availability of small business loans from credit unions. "How Much House" explains how interest rates...

Briefs

  • CFS Honors Top Performing Investment Programs

    SAN DIEGO - CUSO Financial Services, one of the leading broker-dealers that provides investment and insurance programs to credit unions, recently recognized four top-performing credit unions at its annual conference here. CFS President Valorie Seyfert and COO Amy Beattie presented the 2002 Pacesetter Awards in recognition of the success of...

  • Advantage Plus LLC Seminar Offers Tips on Saving for Higher Ed

    ST. PAUL, Minn. - With tuition costs for higher education continuing to rise, finding ways to pay for higher education has become harder and more challenging. Advantage Plus LLC, a wholly-owned financial services CUSO of Affinity Plus FCU, hosted a seminar on Oct 16 that covered ways to save money...

  • CU West Mortgage, CU Members Mortgage Partner with Prime Alliance

    TUKWILA, Wash. - Add CU West Mortgage and CU Members Mortgage to the list of credit union organizations using Prime Alliance Solutions technology. CU West Mortgage was formed by the California Credit Union League and Orange County Teachers CU to provide mortgage lending services to California and Nevada credit unions....

  • DFCU Financial Mortgage Loan Officer Receives Unique Recognition

    DEARBORN, Mich. - Wendy Hewitt, mortgage loan officer for Dearborn FCU Financial Services LLC has become the only credit union mortgage specialist in the U.S. to be included on the list of top producer from Mortgage Originator Magazine, in recognition of the volume of loans she closed in 2002. Hewitt,...

Opinion

Publisher's Column

  • Passing The Hat Becoming More Common

    State and national trade association annual budgets are traditionally made up of dues income and monies generated by such things as products and services for sale, and registration fees collected for a wide variety of trade group conferences and other educational meetings. But it is annual membership dues that are...

People

  • MIDWEST

    Berrien Teachers Credit Union, St. Joseph, Mich., has named Crystal Little, Kathy Wilson, Linda Frantz, Char Cundiff, and Mary Anne Mabry the new Member Service Processing department team. MidWest America Federal Credit Union, has named Keith Myler vice president of human resources.

  • SOUTHWEST

    Texas Dow Employees Credit Union, Lake Jackson, has elected Mike Tracy board director. Security Service Federal Credit Union, San Antonio, has promoted Mike Manley to assistant vice president of mortgage services.

  • SOUTH

    Carolina Trust Federal Credit Union, Myrtle Beach, S.C., has named Liz Short Surfside Beach branch manager. Memphis Area Teachers' Credit Union, Tenn., has elected Christina Marshall Cordova branch director. Army Aviation Center Federal Credit Union, Dalevile, Ala., has elected Roger Turnquist board director and Gerald Strange supervisory committee director. GTE...

  • EAST

    Vermont Federal Credit Union, has named Chris Pignona human resources and training manager. Family First of NY Federal Credit Union, Rochester, has named Dave Beckhorn consumer lending manager. Constitution Corporate Credit Union, Wallingford, Conn., has elected Meriden Connecticut School Employee FCU CEO Edward M. Hogan board director. Leominster Credit Union,...

Publisher's Notebook

  • Do the Arithmetic

    Unlike most credit union publications, Credit Union Times hasn't increased its annual rate for paid subscriptions (despite substantial boosts in paper, printing, postage, shipping, and editorial costs) for over 10 years. The $120 annual subscription rate, with generous discounts for multiple subs, has held firm for over a decade. And...

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