Credit Union Times Magazine April 3, 2013

Featured Story

  • SpotPay Lets CUs Join the Revolution

    Credit unions can enlist their members in the payments revolution. A new service from Fiserv, called SpotPay, along with similar services such as Square are expanding the universe of payments that can be settled on credit or debit cards.

Front Page News

  • Senate Gives CUs the Cold Shoulder

    Credit union trade associations shrugged off a 2014 budget amendment passed by the Senate March 22 that would “establish a deficit-neutral reserve fund to address the disproportionate regulatory burdens on community banks,” according to a release from sponsor Sen. John Boozman (R-Ark.).

  • Commodore Stops Appeal

    The $32 million Commodore Perry Federal Credit Union told Credit Union Times March 26 that it has withdrawn its exam appeal to the NCUA Board.

  • CFPB Eyes Discrimination

    It didn’t take long to hear the buzz when the Consumer Financial Protection Bureau reminded indirect lenders that they must comply with certain regulations to ensure that they are not discriminating against minorities when marking up interest rates.


Editor-in-Chief's Column


Letters to the editor

  • NCUA Board Members Commit to Safety and Soundness

    Recently, there has been conversation about a petition put forth by an individual seeking to secure a seat on the NCUA Board. The campaign to secure a position is based on the premise that a candidate for the office should be required to take a litmus test to confirm that...


  • A Family of Races Unifies CUs on the National Level

    As I reflect on how proud I am of our industry, I am particularly impressed by how credit unions serve their members on the micro level but also partner and collaborate both locally and nationally to help each other and our communities. We come together in so many positive...

  • Asset Size Does Not Define Pro-Consumer CUs

    A legitimate and common complaint regarding the Dodd-Frank Act is that it not only did not resolve too big to fail wherein the taxpayer is on the hook for the ­missteps of the nation’s largest banks.

News Briefs

  • Ore. Merger Completed

    Northwest Community Credit Union of Springfield, Ore., has announced the completion of its merger with Coos Educators Federal Credit Union in Coos Bay, Ore. The credit union’s lone office on Fourth Street in Coos Bay began operating as Northwest Community Credit Union on March 16.

  • Kauffeld Named CEO in Nebraska

    University of Nebraska Federal Credit Union announced that Keith Kauffeld has been named the credit union’s new president/CEO, effective April 29.

  • Brad Miller CEO at Palmetto

    Palmetto Cooperative Services LLC last week announced that Brad Miller will serve as the CUSO’s new president/CEO, effective April 8. He succeeds longtime CEO Ed Culpepper who retired late last year.

  • Corp Fund’s Clean Audit

    The Temporary Corporate Credit Union Stabilization Fund has received a clean audit opinion for 2012, the NCUA announced last week.

  • Auto Loan Priority

    According to a new survey from TransUnion, credit union executives believe auto loans will be their biggest opportunity to grow their loan portfolios this year.

Focus Report

  • Credit Unions Ramp Up Remote Services

    The importance of remote banking was not widely understood or accepted in 2008. In just five years, however, the way members interact with their financial institutions has changed as evolving technology has ushered in a new era for financial services.

  • Tablet Popularity Raises Bar to Leverage App Appeal

    Just when many credit unions are catching up with member demands for mobile phone banking, yet another strong trend is emerging among consumers: tablet banking.

  • Credit Unions Ride Social Media

    No longer is it a case of should a credit union be active on social media outlets such as Facebook and Twitter. Now, it has shifted to just how active and on exactly which channels.

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