Credit Union Times Magazine August-04, 2010

Front Page News

News

News Briefs

  • Rubber Duckies Race to the Finish

    Pacific Service Credit Union sponsored the 19th Annual Rubber Ducky Derby on Aug. 1 to benefit the Children's Hospital Oakland, which provides medical care to 170,000 children each year. The annual derby raised more than $1.3 million for the hospital.

  • Mobile Banking Doubles

    Mobile banking adoption among U.S. consumers has nearly doubled in the past 18 months, driven by the attractive convenience of basic, everyday functionality, according to a new report from Forrester Research.

  • Goff Is New Keesler CEO

    John Goff, senior vice president of the $1.8 billion Keesler Federal Credit Union of Biloxi, Miss., is the credit union's new president/CEO.

  • Agriculture Pairs Credit Unions in Texas, Brazil

    Credit union officials in Texas and Brazil aim to beef up their strategies for serving agricultural members as part of World Council of Credit Unions' partnership program.

  • PCUA Appeals to NCUA

    The Pennsylvania Credit Union Association has formally added its voice to the industry chorus complaining about the NCUA assessment schedule urging the agency to use its legal discretionary power to spread out the expense.

  • CU Savings Top $1 Trillion

    Total savings for responding credit unions reached more than $1.1 trillion, according to World Council of Credit Unions' newly released 2009 Statistical Report. That's the highest level since WOCCU first began conducting the survey in 1972.

  • Upgrade for Member$MART

    Members of the $3.3 billion Southeast Corporate FCU, the $1.6 billion VACORP FCU and the $2.4 billion Georgia Central CU, joint members of CUSO Corporate Synergies, are mid-way through an upgrade to the CUSO's Member$MART online application.

  • Oregon, Wash. Leagues Slate Merger Town Halls

    The Washington and Oregon credit union leagues, preparing for a merger this November, scheduled a series of town hall meetings in August and September to provide member input on the consolidation plan.

Marketing

Regulatory/Compliance

  • Detecting Fraud

    In light of the increased popularity of reverse mortgages, credit unions should be especially vigilant in trying to stop fraudulent practices and help the Financial Crimes Enforcement Network's efforts.

  • Becker Urges CFPB Delay

    NAFCU President/CEO Fred Becker urged Treasury Secretary Timothy Geithner to allow the greatest amount of transition before he transfers responsibilities for consumer the Consumer Financial Protection Bureau.

  • Matz Urges CUs to Watch Risks on Energy Loans

    Because of the risks to safety and soundness caused by some energy efficiency loans, credit unions should make "appropriate adjustments," to their underwriting criteria and collateral monitoring practices.

  • Becker Urges Fed Restraint On Regulating Interchange

    The Federal Reserve should exercise flexibility, not make decisions in isolation and consider the costs that credit unions incur when running card programs.

Tech Bytes

Opinions

Editor-in-Chief's Column

Columns

Letters to the editor

  • NCUA, and Its Examiners, Need to Move on to the Future

    In response to Sarah Snell Cooke's column in the June 23 issue ("Mutual Respect for Mutual Survival"), Cooke seems to opine that the problems at the NCUA are at the examiner level. I believe the examiner is merely the symptom and not the cause.

Opinion

On-Site Conference Coverage

People

  • People

    First Capital Federal Credit Union, York, Pa., announced the hiring of Stanley Moore as the vice president of information technology.

Clarifications/Corrections

  • Correction

    A sentence in the Editor's Column in the July 28 issue was missing a word. It should have read: "Whether Gaymon received just treatment or not from the officer, that right should not be violated on behalf of the officer."

Other

  • Scholarships

    Georgia Federal Credit Union, Duluth, Ga., announced the winners for its 2010 John F. Donoghue Catholic scholarships, created in honor of the archbishop who petitioned to add credit union benefits to members of the Archdiocese of Atlanta.

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