Credit Union Times Magazine February 8, 2012

Featured Story

Front Page News


Editor-in-Chief's Column

  • Editor’s Column: The Examiner as the Examined

    The examination process at the NCUA went on trial last week. Not before a court but before Congress, though it could end up in court, too, if legislation in Congress makes it through to law. The Financial Institution Examination Fairness and Reform Act (H.R. 3461) would create an ombudsman within...

Letters to the editor

  • Letter to Editor: Release Those CAMELs

    I was very happy to see both Chip Filson and Jim Blaine support the release of CAMEL ratings (CU Times, Jan. 25, page 1).

  • Letter to Editor: Newt May Be Right on GSEs

    I think that Newt Gingrich may be right about credit unions being government-sponsored enterprises. Consultant Dennis Dollar and others have criticized the presidential candidate and former speaker of the House for describing credit unions as GSEs.


  • Guest Opinion: Show Gen Y the Credit Union Difference

    At 80 million strong, Gen Y will soon control the nation’s wealth, posing a mammoth opportunity for credit unions. Born during the early 1980s and the late 1990s, the group is more than three times the size of Generation X and exerts major influence on American culture.

  • Gen Y Back Talk: Practicing Patience

    It seems credit unions are doing all they can in their quest to build younger membership by introducing new products and services. But research still points to an overall industry struggle in the Gen Y market.

  • Guest Opinion: Securitization Is on a Comeback

    Slowly and surely, trickles of deals are getting financed. Markets, as we all know, are cyclical, with some bubbles, booms, and busts.

News Briefs

  • THINK Announces Award Finalists

    With a $10,000 grand prize presented by MasterCard at stake, three finalists have been named for the second annual CO-OP THINK Prize, created in 2010 to inspire innovative solutions to the issues confronting the credit union industry.

  • Jury Indicts Developer

    A federal grand jury recently indicted Lee Baker Jr., a prominent real estate developer, for alleged fraud for making false statements to obtain loans from Denali Alaskan Federal Credit Union.

  • WOCCU Calls for Service Award Nominations

    The World Council of Credit Unions has issued a call for Distinguished Service Award nominations. Award recipients will be recognized at the World Credit Union Conference, July 15–18 in Gdansk, Poland.

  • Silver State Pares Losses

    Silver State Schools Credit Union lost its position as Nevada’s largest credit union last year, along with $8.4 million. The troubled Las Vegas credit union said it posted a net loss of $2.8 million in the fourth quarter, and finished the year with a net loss of $8.4 million, but said...

  • Credit Union of Colorado Launches New Foundation

    Credit Union of Colorado has launched a new foundation to build upon the organization’s history of philanthropic commitment to its members and the communities where they reside. The new Credit Union of Colorado Foundation will focus on two areas of interest, human services and education.

  • Golden 1 Beats Big Banks, Survey Shows

    The Prime Performance 2011 California bank and credit union survey has ranked The Golden 1 Credit Union the top financial institution in several categories, including overall customer experience. The survey distinguishes Golden 1 as a top performer in customer service and satisfaction.

  • Butke Joins NCUF Board

    Lee Butke, president/CEO of Corporate One FCU in Columbus, Ohio, has joined the board of directors of the National Credit Union Foundation. Butke joined the board at NCUF’s board meeting on Jan. 24 in Scottsdale, Ariz., and is the new Association of Corporate Credit Unions representative on the board.

  • New York FCU Is Liquidated

    The 6,800-member Eastern New York Federal Credit Union in Napanoch, N.Y., was liquidated by the NCUA on Jan. 27.

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