Credit Union Times Magazine August-18, 2010

Will the NCUA Let Loose a Corporate Black Friday?

By Heather Anderson

Some credit union executives, anxious for the NCUA to reveal its corporate balance sheet solution, say they fear a pending corporate "Black Friday," during which the regulator places three or more corporates into conservatorship or forces mergers.

South Carolina CUSO Seeks Controlled Growth to Nurture Local Business Lending

By Michelle A. Samaad

For some credit unions, it's really all about location, location, location when it comes to which partnerships will win out for their business loan program development.

CUs Score High And Low on the Gobbledygook Index

By David Morrison

Credit union members across the country face both the best and the worst in disclosure statements on their CU credit cards, according to survey of credit card disclosures conducted by a consumer and card media site.

Kappa Alpha Psi FCU Declines to Go Quietly, Brings Suit Against the NCUA

By David Morrison

Kappa Alpha Psi Federal Credit Union, a predominantly African-American community development credit union headquartered in Addison, Texas, is fighting an NCUA liquidation order in court.

Credit Union Trades Deliver Their Annual Regulatory Wish Lists

By Claude R. Marx

In the regulatory equivalent of telling Santa what you want for Christmas, the credit union trade associations have all written the NCUA recommending changes on everything from insurance rules to lending rules.

NCUF Restructures to Weather Economic Storm and Develop Funding Plan

By David Morrison

The National Credit Union Foundation has significantly restructured its operations as it tries to stop losing money in the short term and come up with another long-term funding strategy.

Houston Chapter Goes Frugal

By Jim Rubenstein

Houston credit unions, eying a need to recharge the league chapter system in Texas and perhaps elsewhere, are ramping up a low-cost e-mail and viral ad campaign this fall to expand industry awareness and advocacy on a broad scale.

Corporate CD Rate Disparities Reflect Liquidity and Other Factors

By Heather Anderson

Despite a $5 billion retained members' deficit, Western Corporate FCU posted the corporate system's second highest term deposit rates Aug. 9, offering 0.74% for a two-year certificate.

CUs Labor to Help Members Understand New Mortgage Market

By Eileen Courter

Should I refinance? Will I qualify for a mortgage? Am I paying the right price for this house? Will mortgage rates drop even more?

Bethpage Bucks the Big Bank Trend With Free, Interest-Earning Checking

By Myriam DiGiovanni

Bethpage Federal Credit Union has found a way to harness all that bad bank publicity to its advantage by demonstrating the credit union difference.

Mo. Women's Advocacy Group Forms

A group of Missouri female credit union executives have launched a new professional education and advocacy group, Women's Association of Credit Union Leaders, to promote women's networking and recognition.

CU On The Scene

Crescent Credit Union recently wrapped up a "Round the Bases" summer youth program it held in partnership with the Brockton Rox professional baseball club.

CU*Answers Takes on Regulatory Changes

In anticipation of approaching regulatory changes, data processing company CU*Answers has launched a new software upgrade.

Call on Comp Survey

Executive Compensation Solutions has issued a call to participants for its 2010 employee and executive compensation and benefits survey for credit unions.

They're on a Mission From The Golden 1

A few Golden 1 Credit Union executives have found a way to blow off steam and help the community by jamming together as The Bruised Brothers.

Loan System Debuts

The launch of Lending 360, a flagship brand for a new loan origination system, is the latest creation from CU Direct Corp., the parent company of CUDL and Lending Insights.

Motion FCU Gets Its Motor Running

After 75 years, E53 Federal Credit Union has a new name and brand image.

Book Sources Corp Exec

Ken Schroeder, vice president of business continuity for Southeast Corporate FCU, contributed a passage to a newly published business continuity book.

Conn. Legislator Backs MBL Cap Increase

Add Rep. Jim Himes (D-Conn.) to the growing number of legislators who believe raising the member business lending cap will be pivotal for job creation.

New CUSO Provides Compliance Support

A Washington area CUSO, COMPASS 4 CUs LLC, has opened for business to provide credit unions nationwide with regulatory compliance assistance.

Women's Issues Are Not Just Women's Issues

By Sarah Snell Cooke

General experience indicates that 'husky' girls-those who are just a little on the heavy side-are more even tempered and efficient than their underweight sisters." This gem of advice comes from the "1943 Guide to Hiring Women."

What Will Happen to CUs if There's an Elephant Stampede?

What if the opposition party gains control of parts of government?

Suggested Additions to Cooke's Top Five Issues List

Bravo Sarah Snell Cooke.

NAFCU Has Taken a Leadership Role on Secondary Capital

Sarah Snell Cooke's Editor's Colum Aug. 5 noting the importance of providing credit union access to capital a top legislative item for 2011 could not have been timelier.

From Info Overload to Info Relevance

Technology can be both a benefit and a curse. The right system offers today's credit union marketers a wealth of information. But too often, that information is spread out across departmental silos, with little transparency and access.

NCUA Examiner Training Remains a Work in Progress

ATLANTA -- It continues to be a thorny issue for the industry even as the NCUA reassures credit unions that it is beefing up training for its examiners from hiring outside consultants to revamping courses.

CRE Appraisal Scrutiny Is Vital

ATLANTA -- Certainly call it a sign of the times: areas that did not get as much focus some years back in commercial real estate are now under the spotlight.

What Are the Most Pressing Issues in Business Lending?

"It would have to be increasing the [member business lending] cap. If we can't do it now, I sincerely doubt that we will have this opportunity to get it back.

Small Business Credit Scores Expose Delinquency Patterns

ATLANTA -- The statistics can be a bit mind numbing but the data used to predict the likelihood of a small business becoming severely delinquent to a financial institution is useful to know.

MBS Overcomes Adversity

ATLANTA -- Member Business Solutions LLC is encouraged by its ability to sustain itself during a sluggish economic recovery as evident of its more than 70 credit union partners and billions of dollars in loans under management,

Alabama Telco Uses Core Processor's Scripting Set to Accommodate Change

By Marc Rapport

Some programming savvy and a slick piece of software are helping the IT staff at Alabama Telco Credit Union make its Topaz signature pads do more than just record signatures at the teller line, its chief technologist says.

Teller vs. Branch Capture: A Question of Where to Capture the Image

By Marc Rapport

When Wesley Wilhelm first began working with checks, the process included regular visits from the proof operator asking for explanations about reconciled items the back shop was preparing to ship.

Park Community FCU Replaces Branch Servers with 'Virtual' LAN

By Marc Rapport

Using an add-on appliance to turn its wide area network into a kind of virtual local area network, Louisville, Ky.-based Park Community Federal Credit Union has eliminated the need for servers at its branches.

Three Corporates Upgrade Security with New MFA System

By Eileen Courter

Three corporate credit unions that use the Member$MART online application are midway through upgrading to a second-generation system that meets the latest Federal Financial Institutions Examination Council requirements.

CSCU Chooses Mobile Software Partner

The more than 3,000 credit unions using Card Services for Credit Unions can now plan to offer their members mobile service as part of their credit and debit card functionality, the credit union-owned company said.

CUNA Tech Council Offers White Paper

A white paper that examines best practices in data backup is the latest offering from the CUNA Technology Council.

SECU Replaces FFIEC Freeware With Geocoding Solution

The nation's second-largest credit union has automated its efforts to meet HMDA lending regulations.

FedComp's New Team

A new Relationship Management Department has been created by FedComp, a provider of core processing and related services to small credit unions.

Tech CU To DocuSign

Technology Credit Union has committed to using electronic signature technology from DocuSign for online new member accounts and loan signings, the company and credit union said.

People

NewOak Capital, New York, appointed Chad J. Burhance to managing director and head of NewOak Solutions, the company's advisory service provider.