Credit Union Times Magazine August 21, 2013

Featured Story

Front Page News

News

Legislation/Politics

  • SECU Expertise Tweaked New Senior Financial Abuse Law

    On July 29, North Carolina Governor Pat McCrory signed the Financial Exploitation of Older Adults bill, which requires all financial institutions to report when they suspect someone 65 or older, or a disabled adult over 18, is being financially exploited. It also protects the liability of those making the good...

Lending

People

  • Scholarships in the News - Aug. 21, 2013

    The $180 million MidSouth Community Federal Credit Union of Macon, Ga. recently recognized the recipients of its 2013 Tom Bentley Memorial Scholarship program.

  • People in the News

    The $790 million Charter Oak Federal Credit Union of Groton, Conn. announced it has promoted three employees to assistant vice president positions. All three have worked their way up through the organization after being hired on more than 25 years ago.

Opinions

Letters to the editor

  • Cloud Computing Gaining Steam: Letter to the Editor

    Your recent guest opinion article on cloud computing (“Cloud Services Provide Real Benefits,” July 24, 2013, Credit Union Times) makes the important point that while adoption of cloud-based business applications has been slow, the benefits are significant and will continue to drive interest. At MY CU Services, a CUSO of...

  • From the Editor: Please Keep Those Letters Coming

    Credit Union Times welcomes feedback on our stories and comments on how industry leaders are handling issues in the form of letters to the editor.

Briefs

  • Berger Reshuffles NAFCU Employee Deck

    NAFCU announced Aug. 12 the promotion of several employees as well as the separation of its marketing and communications functions that resulted in the dismissal of an executive.

  • TransUnion: Credit Card Delinquencies Near All-Time Lows

    Credit reporting firm TransUnion reported Aug. 13 that the ratio of credit card accounts that are more than 90 days past due dropped to 0.57% in the second quarter of 2013, down from 0.63% in the second quarter of 2012. That 0.57% is only one basis point from the all-time...

  • Virginia-Based Chartway Will Combine Utah Units

    The $1.9 billion Chartway Federal Credit Union in Virginia Beach, Va. announced Aug. 13 it will consolidate two previously merged Utah-based credit unions effective Oct. 1. The two credit unions–HeritageWest and Utah Central–are both located in the greater Salt Lake City area and were merged into Chartway in 2010 and...

  • Study Shows Big Mobile Usage Jump

    Security company iovation and CEB's TowerGroup announced Aug. 13 that 20% of all online financial transactions are performed on a mobile device. That figure is up from just 11% in 2012.

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