Credit Union Times Magazine December-01, 2010

Few CU Winners in Tough Lending Times

Only three credit unions were recipients of Excellence in Lending awards this year in large part because of a rough lending atmosphere.

Corner Office Moves at Calif. Bear, South Bay

The Los Angeles-based California Bear Credit Union has tapped Vice President of Marketing/Business Development Robert York to be its new president/CEO.

Pentagon, USAA Tie Knot

Members of the $14.7 billion Pentagon Federal Credit Union will have access to a range of investment and insurance products through a new partnership with USAA.

CUNA Lending Council Taps New Members

The coming year's executive committee and officers for the CUNA Lending Council were recently named at the council's annual meeting in Las Vegas.

CD Money Funnels Into MMAs

That meeting between the rate of a liquid account and of a term deposit called the liquidation point may be one of the reasons more money tends to flow out of CDs into money market accounts.

SE League Sets Ad Blitz

By Jim Rubenstein

The League of Southeastern Credit Unions is stepping up its efforts to reach a youthful audience in 2011 by launching a $2.1 million image campaign next April under the tagline "Credit Unions, We're Giving Banking a Better Name."

New Rules Merging Credit Unions Need to Know

Anyone in our industry can tell you that more members are being served by fewer credit unions today.

Turkeys for Our Troops

When the USO called for help to feed the multitude of troops remaining on Naval Air Station Pensacola during Thanksgiving, Pen Air Federal Credit Union was ready to help.

Corporates Create Payment System CUSO

By Michelle A. Samaad

Credit unions may soon have another alternative for their payment system processing through a new CUSO scheduled for launch by the corporate credit union network.

Survey Finds Many Will Boost Holiday Spending

By Claude R. Marx

This year, 57% of American consumers plan to spend as much or more than they did last year at the holidays -compared with 54% last year-according to a survey released by CUNA and the Consumer Federation of America.

Stalled Lending Leads Senate FCU to a CUSO

By Michelle A. Samaad

After seeing a prolonged period of stalled consumer lending, Susan Enis knew it was time to go shopping.

NCUA Security Slammed

The NCUA needs to make major improvements in its computer security, including better security configurations and disaster contingency planning, according to a report released by the agency's Office of Inspector General.

North Star: Charges False

One of the former managers of North Star Business Services LLC has said charges in a suit recently filed by the NCUA for alleged fraudulent payment collection are false.

Realtors Are More Upbeat Compared to Last Year

By David Morrison

The American Credit Union Mortgage Association took the message of credit union mortgage originators into the heart of

Corporate America CU Buys Constitution CUSO

By Claude R. Marx

Corporate America Credit Union has purchased and assumed Smart Source Solutions, the CUSO owned by Constitution Corporate FCU, which the NCUA plans to liquidate by the end of November.

Splat! Ga. CU Shows Its Colors

Georgia Federal Credit Union's annual statewide Paintball Tournament to benefit the Credit Union Political Action Committee continued to be a popular alternative to the more traditional golf tournament fundraiser.

Burning Money Inflames Teens

The Education Credit Union Council is now offering the "Burning Money" financial literacy curriculum to all U.S. high schools for free.

South Bend CEO Plans to Retire

After 39 years of service at Teachers Credit Union, 23 as president/CEO, Richard Rice will retire effective June 25, 2011.

La Capitol CEO to Retire

After 35 years in the financial sector, La Capitol Federal Credit Union President/CEO Susan Parry Leake will retire.

NEFCU COO Retires

Longtime NEFCU Executive Vice President/Chief Operating Officer Michael Egan has retired.

Taleris Mourns Director

Taleris Credit Union is mourning the death of longtime board director the Rev. James Thomas II.

ATM Vendors Working to Meet New ADA Mandates

By Eileen Courter

In March 2011 the Americans with Disabilities Act will require ATMs to offer voice-guided features making them easier to use for people who are blind.

Bluepoint Offers Corporate Lifeline

By Marc Rapport

Check 21 provider Bluepoint Solutions is offering more than a thousand natural person credit unions free upgrades and immediate transition to a direct license for its services in the wake of the troubles at WesCorp and Southwest Corporate.

IT Rebound In 2011

IT spending in financial services should be strong next year across the globe, according to Ovum.

eDOC Signs Wis. CU

eDOC Innovations said it has signed a 52nd credit union as a user of the document-management specialist's CheckLogic branch capture and electronic image forward collection processing system.

PSCU Beefs Up Collections

An expansion of PSCU Financial Services' credit card collections service will increase the hours of calling and boost collections rates, the CUSO said.

CUNA Mutual Adds E-Signatures

CUNA Mutual Group has added electronic signature capabilities to its widely used LOANLINER lending documents and loanliner.com online lending application.

Money Doesn't Grow on Trees

By Sarah Snell Cooke

I'm always amused when my father-in-law-complains about living on a fixed income because my income is pretty-well-fixed too.

Boomers' Education, Wealth and Marital Status Are The Major Factors in Retirement Asset Management

By Michelle A. Samaad

Even thought they still request products such as loans, more sophisticated asset management services are being demanded by baby boomers that are poised to retire over the next decade.

Keep Boomers Satisfied by Getting Personal

Today, the baby boomer population is one of the largest in the United States. In fact, there were almost 76 million Americans born during the baby boomer period, from 1948 to 1960.

Nonconformist Boomers Are Unconventional Members

In their earliest years, the post-World War II baby boom generation were characterized as spoiled television-hypnotized consumption machines.

People

People

CUs View Best Workplace Recognition as a Starting Point

By Myriam DiGiovanni

At a time when employee retention and recruitment are top priorities, being recognized as a best place to work can be a boon.

Survey Sees Positive Impact of Flexibility Programs

The Society for Human Resource Management recently released survey

Account-Opening Carnival: The Saga Continues

By Marygrace Murphy

I am now one step closer to calling a credit union my primary financial institution: I opened a checking account.

Volunteers Aren't Paid

Regarding the Editor's Column in the Nov. 3 issue, I have always been of the opinion that boards are volunteers and sending them to conferences was both a treat and an education. If they wanted to be paid, they shouldn't volunteer.

Bush Memoir: Insightful Visit to the Good, Bad And Ugly

By Claude R. Marx

Presidential memoirs are a tricky genre.

Less Debt A Priority

For many consumers, paying down debt may be more of a concern than finding the best rates on deposit accounts.

Invest in America Debuts GM Offer

With an eye at strengthening credit union ties with dealers, the Invest in America loan discount program has set up a new cash-back offer with General Motors.