Credit Union Times Magazine August 29, 2012

Featured Story

  • CEO Pay: How Much Is Right?

    Call CEO pay the credit union governance hot potato. “This is certainly an increasingly hot topic,” said attorney Michael Lozoff, chair of the credit union practice at Shutts and Bowen in Miami.

Front Page News

  • Oklahoma Insulated From Coastal Economic Volatility

    Oklahoma’s credit unions face challenges that sound pretty familiar throughout the industry: compliance burdens, low investment returns, corporate assessments and a lackluster economy. But thankfully for credit unions in the Sooner State, the highs and lows of the real estate market experienced in other states isn’t part of that mix.

  • Political Conventions Have CU Trades Gearing Up

    Hospital playground dedications, the sponsorship of political panel events and casual meetings with legislators and delegates are on tap for CUNA and its Florida and North Carolina leagues as they work to promote credit unions and industry issues during the national Republican and Democratic conventions.

  • AM Community CU May Have Been Over Extended on MBL

    Against a backdrop of a groundswell of support to expand business lending authority, one outcome is becoming an unfortunate black eye on those efforts.


Editor-in-Chief's Column

  • Editor’s Column: ’Tis the Season to Be Politically Minded

    I just spent a vacation in Virginia. The blaring, nonstop attacks of the candidates on each other were completely obnoxious. I couldn’t have been happier to return to Maryland, which is not considered a swing state in this election. During this season marked by expensive, negative and continuous campaign ads...

People Feature


Tech Bytes

  • VACU RDC Uptick

    More than 1,000 of the 219,700 members of the $2.3 billion Virginia Credit Union deposited a check using their smartphones in July, the Richmond, Va., credit union said.

  • McGraw-Hill FCU Offers iPad App

    The 20,000 members of the McGraw-Hill Federal Credit Union in East Windsor, N.J., are now being offered an iPad app for their mobile banking.

  • Genisys CU First in Mich. to Offer Mobile RDC

    The 132,000 members of the $1.4 billion Genisys Credit Union are the first in Michigan to be offered remote-deposit checking by smartphone, their credit union said.

  • Symitar Adds Marketplace

    Symitar is launching its own collaborative marketplace for credit unions to develop, share and sell their add-ons to the Episys core processing platform.

  • Hackers Hit and Then Move On

    A new survey found that hack attacks on small and medium-sized businesses are usually successful and that the money often is not recovered.

  • CUtopia Snags Two More CUs

    Two more credit unions have signed on as users of the OASys core processing platform from CUtopia, according to the division of Worldwide Interactive Services LLC in Orlando, Fla.

News Briefs

  • Layoffs in S.C. Prompts Greater Abbeville FCU to Action

    The $12 million, 2,350-member Greater Abbeville Federal Credit Union in Abbeville, S.C., is reaching out to its members and nonmembers hit by the closing of the Mohawk Industries textile plant in nearby Calhoun Falls, S.C.

  • Defense Credit Unions Are Honored

    Three defense credit unions were recognized with distinguished service awards by their respective branches of the armed services during the recent defense credit union’s annual conference.

  • Tower CEO Breland Named to NAFCU Board

    NAFCU last week announced it had named Martin Breland, president/CEO of Tower Federal Credit Union, as Region II director on the NAFCU board of directors. Breland replaces retiring board member Charlie Thomas, who stepped down after his resignation as a member of the board of Mid-Atlantic Federal Credit Union.

  • Advantis CU Picks Bob Corwin as CEO

    Bob Corwin will become the new president and CEO of the $930 million Advantis Credit Union of Milwaukie, Ore. on Oct. 15, the credit union said.

  • Micro Lending Challenges

    As some credit unions continue to be the lifeline for microenterprises seeking out loans for less than $2,500, a number of challenges to meet their needs may still exist.

In Memoriam

  • In Memoriam: Robert Neill, Calif. CU Vice Chairman

    Robert Neill, vice chairman of the Christian Community Credit Union board of directors, passed away on Aug. 4 after a long battle with cancer. He leaves behind his wife, Sue, three daughters and their husbands, seven grandchildren and another grandchild due in September. He was 66 years old.

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