Credit Union Times Magazine August 7, 2013

Featured Story

  • CUNA Joins No Assessment Chorus

    CUNA and the Chip Filson-led Co-Ops for Change may be singing off different song sheets, but the chorus is the same: The corporate assessment era should end.

  • Judge Trashes The Fed

    A U.S. District Court judge gutted the Federal Reserve’s debit card regulatory regime July 31, ruling the Fed rule disobeyed the law and ordering the regulator to rewrite it.

Front Page News

  • Pritts’s Business Model

    President/CEO Pete Pritts announced some major changes at the $2.2 billion Corporate America Credit Union in a July 18 letter to members obtained by Credit Union Times. Since taking the helm of the Irondale, Ala.-based corporate in November 2012, Pritts has put together an almost entirely new senior and middle...

News

  • Derivatives Comment Letters: Devil Is in the Details

    Credit union trade groups are in agreement when it comes to the NCUA’s derivatives proposal. Unfortunately, the responses aren’t pretty.

  • CU Philanthropy Group Helps Afghan War Victims

    During the past few years, credit unions such as the $62 million, 10,200-member Healthcare Systems FCU in Falls Church, Va., and the $257 million, 22,000-member Dominion CU in Richmond, Va., have participated in team-building events to support CU Helping Hands, a charitable program launched by the CU Philanthropy Group to...

  • Trailblazers 40 Below: Consultant McDonald Is Always in the Ring

    As far as Sean McDonald, president of consulting firm Your Full Potential, is concerned, there is no such thing as trying. He lives by Yoda’s words, “Do or do not.”

  • Young Founders’ Website Takes Dead Aim at Gen Y Members

    Kevin Dawson and Jason Smith, founders of MoveCU.com, a credit union ranking website that debuted at the 2013 Conference of the Marketing Association of Credit Unions in Las Vegas, possess a natural-born affinity with Gen Y and a passion for promoting the benefits of credit unions.

  • Service Credit Union Gets Fast Turnaround After Fire

    Watching a video on YouTube in 2011, Bill Arnold, Service Credit Union's chief information officer, was shocked to see one of the credit union’s branches had caught on fire and gone up in flames in the middle of the night.

  • CU Member Deposits Help Stoke Savings Growth Spurt

    If the latest data is any indication, members are still sticking with their credit unions when it comes to building their savings nest eggs.

  • Scholarships

    Altura Credit Union, Riverside, Calif., announced that its scholarship foundation is awarding $38,000 in college scholarships this year to seniors graduating from Riverside County high schools. Of the 38 scholarships for $1,000, 35 are directly from the Altura Scholarship Foundation.  Five of those specifically recognize students in AVID programs.  And...

Editor-in-Chief's Column

People

  • People in the News

    Alaska USA Federal Credit Union, Anchorage, Alaska, announced promotions to its executive management team. Geoff Lundfelt has been promoted to chief operations officer. Lundfelt has held a variety of increasingly responsible positions during his 15 years with Alaska USA, most recently serving as executive director of retail financial services. Lundfelt...

Opinions

  • Competing for Purchase Money Mortgages

    Nationally, credit unions have become a much more active participant in the first mortgage business and increased their market share of closed first-mortgage loans from the traditionally insignificant 2% to an attention grabbing 8% in the second half of last year. Interest rates have remained at historic lows the past...

Briefs

  • Heather Anderson Named CU Times Executive Editor

    Heather Anderson has been promoted to executive editor of Credit Union Times, effective Aug. 5.

  • Occupy CU Effort Stalls in California

    An Occupy activist effort to start a credit union in San Francisco has stalled while seeking capital, according to an organizer.

  • Mary Rupp, NCUA Veteran, Retires

    After nine years of perfect attendance, Mary Rupp has retired as board secretary for the NCUA, the agency said Friday.

  • NAFCU Speakers

    Prominent congressmen and agency leaders have been added to the speakers list for this year’s Congressional Caucus, NAFCU said Monday.

  • Deadline in NCUA Vs. Barclays Case

    The clock is ticking for the filing of arguments in the appeal of the NCUA vs. Barclays Capital, a case that had been thrown out by U.S. District Judge John W. Lungstrum in Kansas.

  • BECU Trust Merges

    BECU Trust Co., a subsidiary of the $11.5 billion Boeing Employees Credit Union in Tukwila, Wash., has merged into the MEMBERS Trust Co. in Tampa, Fla.

  • Takase Succeeds Chang as CEO

    Neal S. Takase will be the new president/CEO of the $342 Pearl Harbor Federal Credit Union in Waipio, Hawaii, succeeding PHFCU President/CEO Eugene Chang who will retire Aug. 21 after 33 years of service with the credit union.

  • Insurance Brokers Head For the Doors

    There’s no question that the nation’s health care system is in a state of change and unrest – and it looks like a good number of health insurance brokers are sick and tired of it.

Focus Report

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