Credit Union Times Magazine April 11, 2012

Featured Story

  • Telesis Demise Shines Light on Participations

    The timing of criticism toward a regulatory proposal to limit loan participations to a certain percentage of a credit union’s net worth with the takeover of a California cooperative heavily steeped in the transactions may have created an ironic overlap.

Front Page News

  • WesCorp’s Lane Demands Reimbursement and Trial

    Former WesCorp Chief Financial Officer Todd Lane and his legal team have asked U.S. District Judge George Wu’s Los Angeles federal court to drop WestCorp's case against him, pay his legal fees and award him damages, according to legal documents filed Apr. 4. Lane also demanded a jury trial.

  • Exam Bill Prompts Trade to Take Another Tack

    Faced with uncertainty over whether H.R. 3461 will pass and positive signs from the NCUA that it will consider improving exam procedures and streamline regulations, CUNA has asked the regulator to implement some provisions of the Financial Institutions Examination Fairness and Reform Act now.

  • Space Coast Ordered to Mediation in CDO Case

    In a $100 million lawsuit from Space Coast Credit Union against several Wall Street banks and credit rating agencies, a federal judge has ordered the parties to get together at a nonbinding mediation session.


Editor-in-Chief's Column

Tech Bytes


  • The Fundamentals of Exceptional Governance

    Last month I spoke at the CUES Executive Summit in Colorado Springs. This conference was attended by some of the most dedicated and intelligent directors and senior leaders we have met in the credit union world. I’d like to share with you some of the valuable content delivered, as well...

  • Merge or Convert? Consider a Third Option

    A March 27 article on (“Citing HAR-CO Conversion, Maryland Bankers Assail Credit Union Mergers”) suggests that conversion is an option to merger and nontaxed credit unions should stop taking advantage of their status and follow the HAR-CO model.

  • Paving the Road to Lending Success: Guest Column

    On May 1, 2010, Augusta Metro Federal Credit Union opened an indirect lending department and loan growth has been soaring ever since.

Letters to the editor

News Briefs


Advertisement. Closing in 15 seconds.