Credit Union Times Magazine December-08, 2010

MATCU's Home Run Program Helps CU Address REO Issue

By David Morrison

A credit union in Memphis, Tenn., has struck upon an approach to its foreclosed properties that could provide an example for both credit unions and banks on how to address the large stock of real estate they have come to own.

NCUA IG Reproves Examiners On Failures

By Claude R. Marx

If the NCUA and state examiners had been more aggressive in their oversight of 10 failed credit unions and management had been more effective and taken fewer risks, losses to the

Deal Caps Corporate Merger Talk

As forecast in September-and months before that-the merger route for corporates is quickly coming home to roost with predictions that more plans might surface this month.

NCUA Data Shows Lending is Flat and Member Bankruptcies Have Risen

Net income and net worth increased at federally insured credit unions during the third quarter, but overall lending was flat and the rate of member bankruptcies increased over last year, according to data released last week by the NCUA.

Warren Vows to Fix Credit Market

WASHINGTON -- The new consumer agency will focus on stronger across-the-board, not targeted, regulations that will make the credit market function better and protect

Arrowhead to Shut Down Branches

By Jim Rubenstein

Arrowhead Central Credit Union, an NCUA conservatorship that has been shrinking for months, is now closing eight of its California branches by year end.

Pay Freeze at NCUA?

By Claude R. Marx

What the trade associations and certain credit union leaders can't accomplish, President Obama and Congress might be able to achieve.

Mission SF FCU Solicits Donations

By Jim Rubenstein

Issuing an unusual appeal, the ailing the $6.6 million Mission SF FCU has asked CUs to donate funds to help restore its capital and forestall an NCUA-engineered merger or liquidation.

CUs Use Edgy Microsite, Web to Lure New Members

By Myriam DiGiovanni

When it comes to connecting with younger members some credit unions have taken a creative approach.

Student-Run Branches Are as Diverse as Students They Serve

By Marygrace Murphy

Student-run credit union branches allow interns to gain hands-on experience while providing their peers and school staff with convenient access to financial services.

CU Seeks Small Business Benefits From Missouri Program

By Michelle A. Samaad

With most of its business loans coming due in 2011, West Community Credit Union was seeking ways to assist its members with renewals when it came across a Missouri program aimed at creating and retaining jobs.

North Carolina CU Educators Gather to Spread the CU Message

By Jim Rubenstein

Credit union educators in North Carolina were searching for a special way to dramatically stress to industry newcomers and those unfamiliar with CU history the importance of the industry's mission.

TMG to Start Portfolio For Fla. Bank

TMG Financial Services, the card portfolio purchasing and agent issuing subsidiary of The Members Group, will start an agent-issued card portfolio for the Desjardins Bank of Florida.

James To Lead NCUA Unit

By Claude R. Marx

Tawana James, who has held a variety of senior posts during more than 30 years at the NCUA, has been named to run the agency's Office of Minority and Women Inclusion.

Insurance Plea

The NCUA should send a letter to credit unions explaining that the NCUA now fully insures the full amount in noninterest-

Low-Risk Assets

Modifying the investment rules to allow credit unions to invest in debt instruments on which principal and interest are NCUA guaranteed will make it more likely credit unions will be able

Young Artists Win Card Contest

Mason Hodge, age 7, and Kahlil West, 15, members of the Boys & Girls Clubs of San Antonio, were recognized as the winners of this year's holiday card contest sponsored by Security Service Federal Credit Union.

FIA Star CU Moves to Elan

By David Morrison

A $600 million credit union that has been with FIA Card Services ended an agent-issuing card relationship with that organization and is launching an agent-issuing program with Elan Financial Services.

Herbst Is CUMANet President

By Michelle A. Samaad

Mortgage lending CUSO CUMAnet Inc. has named Joseph Herbst at its new president.

CUES Offers Basic Financial Course for Directors

By Myriam DiGiovanni

CUES has unveiled a free online training course to help all volunteers meet the new NCUA financial literacy requirement for federal credit unions.

Financial Freezes, Figures and Other Stuff

By Sarah Snell Cooke

The NCUA announced its budget increase at the last board meeting much to the dismay of the industry that supports it financially.

The Impact of Five-Day Mail Delivery

The buzz surrounding the United States Postal Service is focused on the recent proposed price changes filed with the Postal Regulatory Commission, just one of the many steps

It's Time to Pay for Directors' Expertise

As a longtime credit union activist and a board member, I appreciate your publication, which gives use timely news.