Credit Union Times Magazine December-10, 2008
News
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No Risqu? Business in NSC Ad Contest
ARLINGTON, Va. -- With consumer concerns about their banks heightened, the timing has never been better for credit unions to shine.
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Global Recession Will Make Life Even Harder for African CU Members
PRETORIA, South Africa -- The global recession's impact on members of Africa's credit unions, or SACCOs, was a popular topic among regulators at the World Council of Credit Union's second annual African SACCO Regulators' Roundtable last week.
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First Came Green Homes and Green Loans; Is It Time for Green Insurance?
NEW YORK -- Given a growing trend of credit union and consumer willingness and interest in turning over a new green leaf, could opportunity be knocking for green insurance?
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Self-Help CU Co-Founder Martin Eakes Attacked in Parking Garage
DURHAM, N.C. -- Four unidentified men who are still on the loose beat and robbed Martin Eakes
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CUs Can Take a Lesson From Payday Lenders on Serving Underbanked
WASHINGTON -- Douglas McGray thinks payday lenders and check cashers have a lot to teach both banks and credit unions about reaching out to lower-income and underbanked communities.
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Credit Card Spending to Rise 3%
NAPLES, Fla. -- Consumers are still going to use their cards over the holiday shopping season, but significantly less than they have in previous years, according to a Web site that tracks card trends.
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Texans CU to Be 'More Active' With Media, Hires PR Firm
RICHARDSON, Texas -- Effective Nov. 14, Texans Credit Union has hired Margaret J. Blankers Public Relations Group LLC to be its agency of record.
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Larry Strong of Velocity Dies
AUSTIN, Texas -- Funeral services were held recently for Larry Strong, CEO of the $485 million Velocity Credit Union, who died of an apparent heart attack Nov. 23. He was 61.
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Patience Advised for Investors as Banks Adjust Capital, Lending
MADISON, Wis. -- As banks continue to make adjustments to capital and lending efforts, patience is probably the most pressing piece of advice now for anxious investors.
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Skimming Attack at Florida FCU
SANFORD, Fla. -- Eight members of Seminole Schools Federal Credit Union fell victim to what is believed to have been a skimmer scam.
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Hanley: Public Becoming Immune to California Bank Failures
SANTA ANA, Calif. -- Two more failures of California thrifts are being taken in stride by consumers
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IBT Named To Top 50
ATLANTA -- Design-build firm IBT Holdings has made the cut as one of the Women Presidents' Organization and Entrepreneur Magazine's top 50 fastest growing women-owned/led privately owned businesses in North America.
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Marquis to Replace Skiles as NCUA Executive Director in New Year
ALEXANDRIA, Va. -- David Marquis has run one of the NCUA's most high profile departments for the past 14 years.
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Industry Veteran Tom Glatt Tapped as CEO of REALTORS FCU
ROCKVILLE, Md. -- The newly chartered REALTORS Federal Credit Union has hired Tom Glatt as its new chief executive officer.
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NAFCU Touts CUs as Financial Bright Spot to Fed
WASHINGTON -- Credit unions are one of the few relative bright spots in an otherwise dismal financial landscape, but they could use some help, too.
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Good Workflow, Technology Are Keys to Improving Collection Services
SAN JOSE, Calif. -- Solutions in Finance, a lending and collections consulting firm for financial institutions
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CUNA and NAFCU Political Action Committees Set New Fundraising Records
WASHINGTON -- The recent election was the most expensive in history, and the political action committees of both CUNA and NAFCU set new records as well.
Front Page News
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Loan Provisions Shoot Up, But Have They Grown Enough to Cover Losses?
WASHINGTON -- Federally insured credit unions have increased loan-loss provisions substantially during the past 12 months, according to the NCUA. Provision for loan-loss expense to average assets was 0.71 as of Sept. 30, 2008, up 92% from 0.37
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Trades Praise Assets Reg
WASHINGTON -- CUNA and NAFCU support an NCUA proposal to allow regflex credit unions more time to occupy undeveloped property.
News Briefs
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Registration Under Way For CUISPA Conference
AUSTIN, Texas -- Registration is now open for the fourth-annual national conference of the Credit Union Information Security Professionals Association set for Feb. 8-10 in San Antonio.
Tech Bytes
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Despite Downturn, Full Speed Ahead for Marketing
CAMBRIDGE, Mass. -- Interactive marketing expenditures for financial service products are expected to double by 2012, according to a new report from Forrester Research.
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CUNA Mutual White Papers Advise on Handling Remote-Deposit Risks
MADISON, Wis. -- Online honor deposit and remote-deposit capture services are seeing increased adoption in credit union land and with that comes increased potential risk, according to the industry's main bonding insurer.
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E-Statement Adoption Continues to Rise, With 11% Growth on the Year
CAMBRIDGE, Mass. -- E-statement adoption continues to grow, with younger consumers particularly likely to say "no" to paper statements because of environmental considerations.
Special Report
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Six-Year Presence at Auto Dealer Conference Starts to Pay Off for CUDL
RANCHO CUCAMONGA, Calif. -- Car dealers and credit unions have come a long way since the days of suspicious feelings surrounding who would ultimately get to close the deal with members.
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New Experian Business-to-Business Score Seeks to Peel Back Risk
COSTA MESA, Calif. -- At a recent small banking conference, the buzz around the room was that credit unions are faring much better than their counterparts during the ongoing financial market calamity.
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'Shake It Loose Together': Bernie and Elton Offer a Lesson in Collaboration
We had a rocker for a school bus driver during junior high. He wired the bus with speakers and a tape drive. Every morning, when the school bus doors flew open, "Bennie and the Jets" was blaring. We thought it was cool
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Desertview's Debt Counseling Aids Members Slammed by Real Estate Crisis
HUNTINGTON, Utah -- Fortunately, the coal mining and oil well industries here are still quite strong in this rural town about an hour and a half outside of Provo.
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CUSOs Are Means to Air Lift Progress for First Credit Union
POWELL RIVER, British Columbia -- CUSOs have become as important to First Credit Union as ferries and airlines are to residents of this community.
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Davis & Co. CEO Says It's Time to Beat the Drums for CUSOs
HIGHLANDS RANCH, Colo. -- Just as many observers say the nation's economic woes spell opportunity for credit unions in general, Tom Davis believes it's a great time to beat the drums for CUSOs.
Opinions
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New Growth and Profit Opportunities Most Credit Unions Will Miss
Any organization in the financial services industry today should really be on their toes and looking for new, very different profit and growth avenues.
Editor-in-Chief's Column
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Maintaining Relevance Between Extremes of Irrelevance
As I was hopping into the passenger seat of our SUV to head off for the annual trek to central New York for Thanksgiving with the in-laws
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Enter Credit Union Times' 2008 Awards
It's time for the 2008 Credit Union Times Awards and we're looking to showcase the best the credit union movement has to offer.
Columns
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CUs Lead Pack in Early Adoption of Mobile Banking to Small Businesses
BOSTON -- Their willingness to experiment with new channels and technologies may have given credit unions an advantage over other financial institutions considering offering mobile banking services to woo small business customers.
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North Jersey FCU Mourns Frank Barba
TOTOWA, N.J. -- North Jersey Federal Credit Union is mourning the death of Senior Collections Officer Frank Barba.
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Real Estate Lending: The Difference Between Assertive and Aggressive
Do your loan officers get paid commission? With so many changes taking place in the mortgage market, things that were once hidden have come to light.
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CUDL Launches MAFS Advantage Program
RANCHO CUCAMONGA, Calif. -- CUDL has joined with Manheim Automotive Financial Services to create the MAFS Advantage program.
Other
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SCHOLARSHIPS
California/Nevada Youth Involvement Network, Rancho Cucamonga, Calif., awarded $500 scholarships to three high school and college students from California and Nevada.
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COMMUNITY EVENTS
Point Loma Credit Union, Oceanside, Calif., is reaching out to the underserved in its community by assisting the San Diego County Office of Education's migrant education program.
Resource Center
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