Credit Union Times Magazine February 13, 2013
Featured Story
AEA FCU Back From the Brink
Two years ago, AEA Federal Credit Union’s future looked bleak as it nearly succumbed to the greed of a lending officer who took the cooperative to the brink of collapse.
Featured Story
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Tech Firm Consolidations Driven by Due Diligence, Penny Pinching
Big banking tech companies recently have been hungrily gobbling up smaller companies and the question is, Will this consolidation continue? The other question, Is this good, or bad, for credit unions?
Front Page News
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ABA Scorns Thrivent’s Common Bond Change
A proposed change to a federal credit union’s sponsoring organization's membership has raised questions about whether the federal credit union’s field of membership will still meet NCUA regulations.
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Home Loan Banks Want to Provide Liquidity
The Federal Home Loan Banks want to be included in the NCUA’s pending final emergency liquidity rule, according to a Jan. 31 letter to NCUA Board Chairman Debbie Matz and Board Member Michael Fryzel signed by the 12 FHLB presidents.
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Bank Frustrations Boil Over in Arizona
At a time when more small businesses are looking for alternatives after being the shown the door by their longtime banks, one Arizona retailer recently went public with its frustrations.
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Cordray Addresses Remittances, Mortgage Rules at NCUA Webinar
Both NCUA Chairman Debbie Matz and Consumer Financial Protection Bureau Director Richard Cordray revealed developments in ongoing regulatory issues during a Feb. 5 webinar in which both answered questions from their credit union audience.
News
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Big Skies Are Partly Cloudy for Montana Credit Unions
Montana’s economy is booming thanks to oil, but the Big Sky Country’s credit unions are still struggling to catch up.
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Job Outlook at Credit Unions Brightens for 2013
Judging from comments by search firms and credit unions, 2013 may be a pretty promising year for jobseekers looking to land positions with credit unions.
Editor-in-Chief's Column
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Build Solid Boards to Avoid Heartache: Editor/Publisher's Column
Directors are at once our greatest strength and at once our greatest weakness,” now-retired CUES CEO Fred Johnson told me in his exit interview. Unfortunately, it is uttered far too often and is far too true. Governance is a common topic of conversation, but I’m not confident much is being...
Marketing
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Marketing Budgets Call for Pinpoint Priorities
How credit unions spend their marketing dollars is not entirely based on targeting specific demographics, analyzing reams of data or interviewing focus groups.
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Guest Opinion: Bring on the Marketing Challenges
Doing more with less. You’ve heard the old cliché. It’s never been truer than in the last several years for credit union marketers.
Opinion
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Guest Opinion: Management’s Big Data Challenge
You have probably been seeing the term big data popping up in many places. It has entered the business vernacular.
Letters to the editor
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Letter: Trades’ Value Is Limited
Regarding Sarah Snell Cooke’s blog post, “Fighting in the Sandbox Just Gets Sand in Your Eyes,” [www.cuinsight.com].
News Briefs
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CEO Robin Lentz Goes to the Hall of Leaders
Robin Lentz, president/CEO of Cabrillo Credit Union, has been inducted into the Credit Union House Hall of Leaders in Washington, D.C., for her lifetime achievements in credit union leadership. Lentz, who has served at the helm of Cabrillo since 1979, is one of just 17 inductees nationwide to the Hall...
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Commodore Perry FCU Gets Appeal Extension
NCUA Chairman Debbie Matz has granted the $32 million Commodore Perry Federal Credit Union a 60-day extension on its Supervisory Review Committee appeal, according to President Tom Renz.
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Student Loan Delinquencies Climb
A new report from FICO Labs states U.S. student loan delinquency rates climbed by nearly 22% in the past five years.
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Former CU Manager Faces 30 Years
Patricia Piscioneri, a former credit union manager, may face up to 30 years in federal prison, after pleading guilty to embezzling $156,571 from the former Adams Municipal Employees Federal Credit Union in Adams, Mass.
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CUES Sponsors ‘Doin’ It Right’ Contest
The Credit Union Executives Society and Michael Neill & Associates Inc. have announced a contest designed to bring attention to credit union employees who are “Doin’ it Right.” That is, employees who offeg outstanding service to every member at every touch point. The winner will receive a $1,000 cash prize.
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Gwinnett FCU Becomes Peach State FCU
The $231 million, 41,200-member Gwinnett Federal Credit Union is now Peach State Federal Credit Union.
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