Credit Union Times Magazine August 13, 2014

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  • Late Report Hits Total $57,750

    Credit unions will pay a total of $57,750 in civil money penalties for filing their call reports late, the NCUA announced on Aug. 5.

  • Second Round for LICUs

    Low-income credit unions received more than $1 million from the second round of the NCUA's Community Development Low Income Grant's this year, the agency announced Aug. 1.

  • NCUA: One July Ban

    The NCUA issued one prohibition order July 31, bringing the total to 31 so far this year.

  • CUs Crack 100 Million Mark

    Credit unions have surpassed 100 million memberships nationally, according to data collected from credit unions in CUNA's June 2014 “Monthly Credit Union Estimates.”

  • Dokas Plans Retirement

    The $1.4 billion American Eagle Federal Credit Union in East Hartford, Conn., announced last week that William J. Dokas would retire on Jan. 2, 2015, after 42 years there, including 24 as president/CEO.

  • CUs Seen Missing EMV Date

    More than half of credit unions will miss a key October 2015 deadline that requires credit cards to be equipped with EMV chips, processors said.

  • NAFCU Execs Offer E-Book

    NAFCU President/CEO Dan Berger and Executive Vice President and COO Anthony Demangone released a new e-book this month titled, “Managing and Leading Well: It Ain't Rocket Science, But It's Still Hard Work!”

  • LAFCU Deploys Video Tellers

    The $581 million LAFCU said it's the first financial institution in central Michigan to offer interactive teller machines.

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