Credit Union Times Magazine May-30, 2007

In Other News

  • In Other News

    Sierra Central Credit Union's Chico Branch, Chico, Calif., celebrated its Sierra Cup win with an awards dinner at Johnnie's Restaurant in the Hotel Diamond. The Sierra Cup Trophy represents the highest team achievement possible in Sierra Central's Retail Bank Branch network each quarter by recognizing the best overall performance for...


Front Page News

News Briefs

  • If You're There, We're There!

    Credit Union Times prides itself on being where credit union leaders are. In this issue you will find on-site coverage of the Georgia CU Affiliates Annual Meeting (pages 32,34), the Pennsylvania CU Association Annual Meeting (page 20) and WesCorp's Future Forum (page 18).

  • July 12 Hearing Set on Kentucky FOM Suit

    Oral arguments on a credit union field of membership suit brought by the Kentucky Bankers Association challenging community-based expansion will begin July 12, according to an order issued by a Franklin County Circuit judge.


Special Report



  • The Characteristics of a Modern Lending System

    Credit union lending has changed dramatically over the past decade. It used to work slowly, involving hours of manual application entry and underwriting--and piles of paperwork--before reaching loan decisions and issuing funds. Loan officers were business partners and financial experts, and their customers were loyal for life.


  • U.S. Financial Services Continues to Spend Big on IT

    The United States continues to be the heavyweight in global IT spending by financial services institutions. The trend is expected to continue, as TowerGroup anticipates that the estimated $122.9 billion of 2006 IT spending among FSIs in the United States will grow 4.8% annually, reaching $141.3 billion by 2009. Meanwhile,...

  • Uptime Exceeds Customization in Server Software Priorities

    Server operating systems are at the heart of the IT infrastructure so changes and upgrades are not taken lightly or frequently, according to Forrester Research. The tables shown here are taken from surveys of 147 decision makers at organizations across North America and Europe. Uptime is far more important to...

  • Increased Contact Center Growth Seen in 2007, So is Move to IP

    Credit unions keeping their call centers in-house aren't alone. A Forrester Research survey of 250 contact-center decision makers across North America and Europe found that the number of in-house centers were growing faster than outsourced operations, and that the adoption of IP technology over legacy systems continues.

Letters to the editor

  • Credit Unions Must Collaborate and Get Real

    I just wanted to take a second to respond to Paul Gentile's column in the May 9 issue. Gentile absolutely hit the nail on the head. We are a large single sponsor credit union that has succeeded primarily because we have focused on our core membership base. I believe that...


  • Now Is The Time to Take a Hard Look at Your Loan Portfolio

    It's no wonder that credit unions have found success offering a wide variety of loans to their members--after all, lending continues to be the foundation of our industry's product offerings. But in today's challenging environment, financial institutions are seeing a lackluster loan demand, as a result of a slower economy...

Publisher's Column

On-Site Conference Coverage


  • People

    Capital Communications Federal Credit Union, Albany, N.Y., has appointed Richard Bazar as commercial relationship specialist; Diane Bennett as credit risk associate; Michele Chavers as financial analyst; Mike Peteani as human resource specialist; and Barbara Rustin as training specialist.

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