Credit Union Times Magazine February 6, 2013

Featured Story

  • Credit Unions Urged to Ply Big Data

    Card management consultants working with a payment processing CUSO and association are working to convince credit unions to look more deeply into their card members data to help the credit unions improve their card portfolio management decisions.

Front Page News

  • Cyber Fighters’ DDoS Hits Two Credit Unions

    The bland name hides the lethal intent of DDoS when aimed at financial institutions, an event that has become increasingly common as dozens of large banks have recently found their online operations crippled, sometimes for days by highly skilled cyber-attackers.

  • Against the Grain ESOP

    At a time when some companies are skittish about paying out stored-up pension plans for longtime employees, Lending Solutions Inc. recently went in the other direction.

  • Red Tape Snarls Canadian Businesses

    Their stories of red tape run the gamut from confusion to utter frustration and anger. Even though a check for the government wasn’t due until the end of October, a business owner sent it end on Oct. 12. However, the government waited until Nov. 11 to cash the check...


Editor-in-Chief's Column

People Feature


  • Human-Generated Big Data Could Make Us Rich: Guest Opinion

    Human generated content is comprised of all the files and emails that we create every day including all the presentations, word processing documents, spread sheets, audio files and other documents our employers ask us to produce hour by hour.

  • Branches: Multichannel to Omnichannel

    Credit union members today are often interacting with more technology at home than at the branch, due to the mobile explosion and increased ability to connect to anyone nearly anywhere. Now that members have more choices when it comes to how they prefer to bank, their behavior is beginning to...

News Briefs

  • St. Mary’s CU Names New CEO

    St. Mary’s Credit Union last week announced the appointment of James C. Garvey as president/CEO. Prior to joining Marlborough, Mass.-based St. Mary’s Credit Union, Garvey was president/CEO of Borel Private Bank in San Mateo, Calif., and Charter Private Bank in Seattle. Both banks are subsidiaries of Boston Private Financial...

  • March Trial Date Set For St. Paul Croatian Suspect

    A March 11 trial date has been set for Gezim Selgjekaj of Avon Lake, Ohio, who pleaded not guilty to a 28-count indictment on Jan. 17 that accused him of illegally receiving more than $11 million in the $70 million St. Paul Croatian Federal Credit Union fraud case.

  • Justice FCU Marches Into Georgia

    Justice Federal Credit Union recently hosted two grand opening celebrations to commemorate the credit union’s official presence in Georgia with the merger of the Georgia Department of Public Safety Credit Union. The celebrations took place at branches in South East Atlanta and Forsyth. Both locations were the sites of the...

  • Deadlines for Golden Mirror Awards Set

    Credit Union Executives Society announces a call to entry for the 2013 Golden Mirror Awards. CUES recognizes the credit union industry’s most creative and results-producing marketing efforts in this annual competition.

  • Arrowhead Reports Net Worth Jump

    The $700 million Arrowhead Credit Union, still under NCUA control after its June 2010 conservatorship, reported 10.53% net worth as of 2012 year end, the NCUA said last week.

  • NCUA Assessments to Edge Up in 2013

    A combination of growth in assets and a decrease in the overhead transfer rate means an 0.24% increase to the NCUA’s 2013 operating fee scale for federal credit unions with more than $1 million in assets, according to a Letter to Federal Credit Unions posted on the regulator’s website.


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