Credit Union Times Magazine July-16, 2008
News
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CU Donates
WALNUT CREEK, Calif. -- The $1.2 billion Pacific Service Credit Union has donated money to support a innovative child care program in San Francisco.
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Neighbors FCU Goes All Out for Employee Appreciation
BATON ROUGE, La. -- Neighbors Federal Credit Union is serious about making its staffers feel appreciated.
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Credit Unions Discuss Issues With Congressmen
WASHINGTON -- U.S. Reps. Trent Franks (R-Ariz.) and Tim Walz (D-Minn.) both visited credit unions during the recent congressional recess to discuss regulatory relief and other issues important to credit unions.
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Financial Service Centers Takes Retail Delivery Conference to Chicago
CU Times Senior Staff Reporter
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WesCorp Mourns Matt Morris III
SAN DIMAS, Calif. -- WesCorp announced the passing on July 3 of Matt Morris III, a member relationship manager for the past 11 years.
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Golfers Raise Money for Cancer at Purdue Employees FCU Outing
WEST LAFAYETTE, Ind. -- More than 200 golfers, celebrities and spectators descended on the Birck Boilermaker Golf Complex to play in the Purdue Employees Federal Credit Union-sponsored second annual Brees Dream Foundation golf outing benefiting the Purdue Athletes Life Success program.
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Maintaining Scale, Competitive Pricing Key for CU Linked Broker-Dealers
CU Times Senior Staff Reporter
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CUNA's Homes for Our Troops Convention Venture Gains Steam
CU Times Senior Correspondent
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Utah's Four-Day Week Has No CU Takers
SALT LAKE CITY -- The energy-saving move by Gov. Jon Huntsman Jr. ordering major state agencies to start a four-day work week in August appeared to have no quick takers among credit unions or banks. But it generated plenty of talk about possible changes in the future should the pain...
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Appraising on a Macro Scale: Entire U.S. Is Target as Way to Stabilize Industry
CU Times Technology Correspondent
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Candidates McCain and Obama Announce Their Economic Agendas
CU Times Washington Reporter
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Interchange Fee Legislation House Markup Could Come This Week
WASHINGTON -- Credit card issuers and retailers could have their disagreement over interchange fees one step closer to being resolved this week.
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Credit Unions Begin to Embrace Camping Out at the Un-Conferences
HOLYOKE, Mass. -- Is your credit union ready for the un-conference? If so, head to BarCamp.
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Trades Suggest Easing Reins on CUSOs
CU Times Senior Staff Reporter
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American Airlines FCU CEO John Tippets Retires on a Wing and a Prayer
CU Times Senior Staff Reporter
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Double Trouble With A Double Bubble?
HOBOKEN, N.J. -- While the housing bubble burst some time ago, it will lead to a second implosion soon, according to Richard D. Manning, director of the Center for Consumer Financial Service at the Rochester Institute of Technology.
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Filene Report Advocates New Yardstick For Credit Card Debtors' Ability to Repay
CU Times Managing Editor
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Fitchburg FCU Helps Members Fund Energy-Wise Home Projects
CU Times Staff Reporter
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Wright-Patt CU Helps Members Fill the Gap in Education Costs
CU Times Staff Reporter
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NCUA Vice Chairman Praises SBA Administrator Nominee
ALEXANDRIA, Va. -- NCUA Vice Chairman Rodney Hood said Sandy Baruah would bring a number of positive attributes to the top spot at the Small Business Administration.
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SBA's Preston Known for Driving Credit Union Participation Forward
CU Times Senior Staff Reporter
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Centrals Form $7.5 Billion Canadian CU
VANCOUVER -- After nearly two years of stalls and starts, Credit Union Central of British Columbia and Credit Union Central of Ontario finally merged on July 1 to create the $7.5 billion Central 1 Credit Union.
Front Page News
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Tread Lightly in Card Growth Strategy
ARLINGTON, Va. -- Credit unions should continue to build their credit card portfolios even in the current economic downturn, analysts said, but they should be careful to target growth efforts.
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Texans CU Reins in Business Lending After C&D Losses
DALLAS -- Texas Credit Union Commissioner Harold Feeney said his agency is working closely with the $2 billion Texans Credit Union after the institution has taken substantial hits in its construction and development portfolio.
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Real Estate Market More Local Than Ever
DENVER -- Foreclosures are up in Yourtown, but a colleague at a credit union in a neighboring city is seeing foreclosures drop.
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Baxter CU Takes Careful HSA Steps
VERNON HILLS, Ill. -- If luck truly is where preparation meets opportunity, Baxter Credit Union should have plenty when it comes to its healthsavings account offering.
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Nothing Fishy Here, NCUA Accounting Rectifies GAP-Reg Incompatibilities
CU Times Correspondent-at-Large
News Briefs
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Farber to Keynote TNB Conference; Call Center Agent Wins Card Prize
DALLAS -- Noted leadership speaker Steve Farber, author of The Radical LEAP, will address credit union card executives on the topic of "extreme leadership" at TNB Card Services 2008 payments conference.
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PSFCU Keeps Money Flowing to Students
BROOKLYN, N.Y. -- As of this year, over 800 students members of the Polish and Slavic Federal Credit Union have found help meeting their educational bills from the credit union, PSFCU announced.
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ICUL Partners With Innovative Card
RALEIGH, N.C. -- The Indiana Credit Union League has partnered with Innovative Card Services to provide prepaid cards for its card center.
Regulatory/Compliance
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CUNA Offers Mixed Review of NCUA's Draft Underserved Regulation Change
WASHINGTON -- NCUA's proposal to use median household income to measure service to the underserved is a good idea, but the board should ensure that under the new regulations credit unions don't lose their low income designation, CUNA wrote in a recent letter to the federal agency.
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With Better Reporting, Study Finds It Difficult to Tally Data Breach Trends
CU Times Staff Reporter
Special Report
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It Is the Best of Times and the Worst of Times for Smaller CU Card Portfolios
CU Times Senior Staff Reporter
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MasterCard Sweepstakes Rocks
PURCHASE, N.Y. -- MasterCard is offering chances to meet legends of the rock and country music world as part of its latest sweepstakes promotion.
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CO-OP Launches Reloadable Prepaid Travel and Youth Cards
RANCHO CUCAMONGA, Calf. -- CO-OP Financial Services announced that it would begin offering prepaid cards to participating credit unions in July.
Opinions
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The Good News Is Coming, But We'll Have to Wait For It
An associate of mine recently was running late for an event in New York City. With no time to spare to get on a subway or bus, he decided to splurge and jump into a taxi. Although it was rush hour, he managed to move quickly down Manhattan's famed Park...
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Positive Market Conditions Show That Card Portfolios Are Ripe for Growth
Despite the negative headlines about the economy, there really is no better time for credit unions to offer credit cards than today. While the economy squeezes lending products such as mortgages, home equity lines of credit and auto loans, credit card usage is trending upward as electronic payments resonate with...
Editor-in-Chief's Column
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On Taking Duly Diligent Steps Toward the Future
To make progress you must lay the groundwork and fulfill due diligence needs. Parents try to position their children to do better than they have; credit union boards and management try to provide members with what they want and need while anticipating what they will want and need in the...
Letters to the editor
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Are Credit Unions, Banks Snuggling?
When I noticed the picture of Camden Fine, president/CEO of the Independent Community Bankers of America on the front page of the June 18 issue of Credit Union Times, two thoughts came to mind: I know that guy and what is his picture doing in a CU publication? Well, it...
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Navy Federal Plays on Tilted Playing Field
NCUA's granting Navy Federal Credit Union a field of membership expansion to all armed forces personnel, families and the Department of Defense is a logical move in view of the merging of military resources and objectives as one illustration suggests: the conversion of McGuire Air Force Base into a multi-armed...
Looking Back
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Looking Back
HOBOKEN, N.J. -- Eight years ago credit unions were hoping to get the jump on banks in the Internet world as a study showed that most banks still hadn't fully embraced the World Wide Web.
People
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People
EASTAmeriCU Credit Union, Rome, N.Y., recognized several employees in the second quarter for their achievements, outstanding service and retirement. Member Relations Advisor Brandi Jefferson was presented with the AmeriCU spotlight on success employee recognition award this month. Jefferson was selected by a committee of employees. Jefferson received a special presentation...
From the Board Room
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Board Elected at Meriwest Credit Union
SAN JOSE, Calif. -- Meriwest Credit Union has elected Stan Chapman, Karl Nigg and Charles Munch to three-year terms on the board of directors.
Other
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Community Events
Westerra Credit Union, Denver, offered its members a free family field trip at Wings Over the Rockies Air and Space Museum. The event was in celebration of the Lowry Federal Credit Union that originated at the Lowry Air Force Base in the 1950s and the fifth anniversary of Westerra's Lowry...
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Donations
United Educational Credit Union, Battle Creek, Mich. awarded a $400 bright ideas partnership grant to the Albion Public Schools and Albion College Teacher Education Program/Shurmer Education Institute collaboration project. The grant was applied for by Mae Ola Dunklin, director of the Shurmur Education Institute. The purpose of the grant was...
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