Credit Union Times Magazine August 8, 2012

Security Failures: Who Pays The Tab?

By Robert McGarvey

The question does not get any blunter. When cyber-criminals empty a bank or share draft account, who is left holding the losses?

Kentucky Credit Unions Are in the Green

By Heather Anderson

The key financial indicators of Kentucky credit unions are positive, yet conservative. And that’s just how they like it in the Bluegrass State.

Kasasa Bids to Go Nationwide

By David Morrison

By the end of next year, BancVue CEO Gabe Krajicek wants the word Kasasa to be on the lips of every American who has or wants a deposit account.

Lending Growth in the Midwest via Cultural Change

By Michelle A. Samaad

A radical culture change in the workplace and a shift in how collection efforts are carried out have helped two credit unions in the Midwest grow their loan portfolios well above the industry’s national average.

Tech CU Dissident Members Upset by Email Tracking

By David Morrison

Already noted for using novel arguments in favor of moving from a credit union to bank charter, the 69,000- member $1.6 billion Technology Credit Union has also introduced a new approach into the question of how member communications in converting credit union should be handled.

Open-End Lending Drop Blamed on Regs, Confusion

By Michelle A. Samaad

In 2010, there were an estimated 3,400 credit unions engaged in multi-featured open-end lending.

Corporate Assessment Assailed by Industry Trades

By Heather Anderson

Using the NCUA’s midpoint estimates of remaining corporate stabilization costs, CUNA Chief Economist Bill Hampel estimates it would take four more years of assessments similar to the 2012 rate of 9.5 basis points to pay off corporate losses.

‘Bank’ Case Hearing Set In Vermont

By Jim Rubenstein

Vermont’s regulator, now at the center of a bank-credit union scrap over the use of “bank” and “banking” in credit union advertising, last week set Aug. 22 as the date for a preliminary conference hearing on a proposed cease and desist order against the $600 million Vermont State Employees Credit...

Mobile Security Still a Race Between Bad Guys and Good Guys

By Eileen Courter

Pop quiz: Which statement is true? Mobile banking is becoming more secure. When it comes to mobile security, the crooks are gaining.

Northwest FCU Members Go Virtual to Guard Private Documents

By Peter Strozniak

If anyone would know what makes digital documents secure on the Web, it would be agents of the Central Intelligence Agency.

CU 24's Jim Park to Step Down

By David Morrison

Jim Park, founder of one of the nation’s two national credit union-owned ATM and point of sale networks, will step down from his position as president/CEO of Credit Union 24 at the end 2012. Mansel Guerry, former CEO of the 5,200-member $30 million Brightview Credit Union in Ridgeland, Miss., will...

Auto Insurance Carriers Are Wooed by Sprint

By Michelle A. Samaad

Sprint, the wireless product and services giant, is looking to become a force in another arena. The Overland Park, Kan.-based company recently launched Integrated Insurance Solutions, a set of integrated, end-to-end usage-based insurance services designed specifically for the auto insurance industry.

Editor’s Column: Time for 20 Questions and Some Answers

By Sarah Snell Cooke

We at Credit Union Times love what we do. Like credit union professionals, we surely don’t do it for the money. We love covering the news–good and bad–of the credit union community. We believe in a free press and an educated public.

Fee Income Focus of NAFCU Conference Sessions

By Heather Anderson

NASHVILLE, Tenn. — Two educational breakout sessions at NAFCU’s annual conference provided ideas to produce fee income that also increase membership value.

Guest Opinion: Mobile Malware Must Be Stopped

By Jaime Blasco

The mobile phone is unrecognizable in comparison to its original brick form of the 80s. Instead of a yuppie status symbol, now, it’s considered by many as a necessity with practically every handbag and pocket hiding these modern miracles of technology.

Cooperative Trust: Creating a Strong CU Culture

By Lisa Totaro

The need for succession planning in credit unions isn’t a secret. There is a very real need to groom future industry leaders as many CEOs prepare to retire.

Guest Opinion: Data is an Untapped Goldmine

Credit unions have a wealth of insightful information trapped inside their core and technology platforms. This has always been the case, but until recently, comprehensive views of the data were not readily available. Today, decision makers have access to tools that analyze data from disparate sources and provide summaries across...

Gen Y Back Talk: My Credit Union Wish List

By Natasha Chilingerian

Christmas may be five months away, but that doesn’t stop me from making a wish list. While many credit unions lack the resources to implement what some may consider Gen Y member luxuries, we can still dream, right? Here are my top five products and services that in a perfect...

Letter: Stir Up New CU Passion

Regarding the Editor’s Column [“Step Up and Put the Fear of CUs into Bankers” July 4 issue]. I wholeheartedly applaud Sarah Snell Cooke’s efforts to ignite a new passion for credit unions on the issue of member business lending.

People 8-8-12