Credit Union Times Magazine April 6, 2011

Featured Story

Front Page News

  • Montana Senator Jumps on Interchange Delay to Seek Two-Year Halt

    Backers of congressional efforts to delay implementation of the Federal Reserve’s rule regulating interchange were buoyed when Federal Reserve Chairman Ben Bernanke said the agency wouldn’t be able to release the rule by the April 21 deadline.

  • NCUA vs. Wall Street

    The Wall Street Journal dropped the bombshell: “Banks Hit for Credit Union Ills,” read the headline on an article reporting that the NCUA was in talks with a bevy of Wall Street powerhouses (Goldman Sachs, Merrill Lynch, Citigroup and JPMorgan Chase) about the NCUA’s belief that Wall Street banks sold...

  • NCUA Sues Real Estate Developers over Failed Vegas Condo Project

    Five months after the NCUA filed a complaint against a business lending CUSO with the liquidated Ensign Federal Credit Union, the regulator is going after real estate developers who allegedly defaulted on a nearly $2 million loan.

News

Editor-in-Chief's Column

  • Do More Than Get By–With Help From Friends

    As the financial services industry has become more competitive, credit unions have been caught up in it. At times the cooperative spirit seems to be dying on the vine. Then something comes along and sparks your internal feel-good receptors for the cooperative, not-for-profit credit union spirit.

Beyond the Job

Opinion

  • A Necessary Investment Pays Dividends for CUs

    If you were one of the millions who visited New York City’s Times Square between Thanksgiving and New Year’s Day, you would have seen on one of the biggest billboards a public service announcement benefiting credit unions.

  • The Credit Union Fire Burns Deep

    For advancement and future growth of the credit union movement, it is time we usher in a new era of collaboration and innovation among today’s young credit union professionals, CEOs and senior executives.

  • Getting a Foot in The Door

    When I was first asked to pen this column, my first thought was, why would someone from Gen Y make a conscious, informed decision to join a credit union?

  • One Leadership Lesson: The Learning Never Stops

    This past month, I was invited to deliver a leadership presentation to a group of international business students at Stony Brook University at the request of a business colleague I have known for over 25 years.

  • Regulatory Changes May Bring Opportunities

    Identifying the year’s key trends and determining how to capitalize on them for the benefit of your members and your bottom line is always important. However, 2011 will be particularly pivotal within the residential mortgage market. There are three areas to watch closely.

News Briefs

Lending

Tech Bytes

  • PTMs Hit Million-Session Milestone

    The new personal teller machines at the $1.9 billion Coastal Federal Credit Union have now transacted more than a million sessions, the Raleigh, N.C., credit union said.

  • Banc Intranets Lands Family Trust FCU

    Banc Intranets LLC of Johnson City, Tenn., said the $253 million Family Trust Federal Credit Union of Rock Hill, S.C., has agreed to use the company’s enterprise content management intranet.

  • Account Opening Jump at Keesler FCU

    A new automated account opening and loan origination platform has resulted in a 30% jump in new accounts at the $1.9 billion Keesler Federal Credit Union in Biloxi, Miss.

  • Online Resources Corp. In Pact With Montana CUSO

    Online Resources Corp. and a Montana CUSO have entered into a re-seller agreement and plan to convert 11 credit unions this year to the Virginia company’s online banking and bill pay platform.

  • Fiserv Adds Discover Card Link

    The 3,000 credit unions and banks on the Fiserv bill pay network can now offer a link for Discover cardholders to pay that bill through their financial institution’s online banking site.

  • Security, Compliance Dominate Inquiries

    Securing identities and other data and complying with regulations that make it law were among the hot topics fielded by the security and risk experts at Forrester Research in 2010, the think firm said in a new report.

  • Android App Joins Firstmark Lineup

    An application for Android-powered smart phones has joined the iPhone and Web-based mobile offerings at the $688 million Firstmark Credit Union in San Antonio, Texas.

  • South Carolina FCU Has New Online Look

    A new online banking home page that includes direct access to bill pay, account histories, transfers, a personal finance manager and a new member rewards program has been launched by the $1.3 billion South Carolina Federal Credit Union in North Charleston, S.C.

  • Banks Eschew Social Media

    A new report said that the majority of the world’s retail banks have no plans to use social media in any way.

  • E-Signing Added at San Diego CU

    The 23,000 members of the $176 million Cabrillo Credit Union in San Diego can now sign loan documents online.

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