Credit Union Times Magazine October-22, 2008


Front Page News

News Briefs

Special Report


  • Time for a New Core Processing System? There Are Four Keys to Success

    Why do credit unions go out shopping for new core data processing systems? The short answer is both simple and obvious. A credit union looks for a new DP system when their current one becomes more of an impediment than an enabler. It's like deciding you're ready to go off...

  • The Great Financial System Meltdown: Don't Blame CRA

    There are many culprits for the virtual meltdown of our financial system. But the Community Reinvestment Act is not one of them. The denunciation of CRA has, to our surprise and dismay, been circulated in certain media, and even within the credit union movement. For example, in a recent posting...

  • Smart Pricing Strategies Can Boost a Credit Union's Noninterest Income

    From 2006 through 2007, for the first time in U.S. history, credit unions experienced average net interest margins on loans running below operating expenses. In 2008, a poll of over 100 credit unions found their top concern was decreasing profit margins, partially due to their tendency to asymmetrically lower loan...

Editor-in-Chief's Column

Looking Back

  • Looking Back

    HOBOKEN, N.J. -- As credit unions now find opportunity in a struggling economy, Credit Union Times looks back 10 years ago when credit unions saw record growth in share drafts and first mortgages during volatile international and domestic markets and low consumer confidence.

On-Site Conference Coverage



    Keys Federal Credit Union, Key West, Fla., gave a $100 contribution for the Police Unity Tour. The tour is an annual bicycle trek to bring public awareness of law enforcement officers that have died in the line of duty and to honor their sacrifices.Service Credit Union, Rochester, N.H., donated $1,000...


    Saugus Federal Credit Union, Wakefield, Mass., held a Red Cross Blood drive at its main office in Saugus. Several staff members donated blood or helped Red Cross Collection Specialist Cindy Goddard. Saugus residents also visited the main office to donate blood.

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