Credit Union Times Magazine January-06, 2010

Capital at 'Solvent Five' Survives Total U.S Central Impairments

By Heather Anderson

After releasing November financial statements, in which many corporate credit unions wrote off 100% of their U.S. Central capital investments,

Trade PACs Prep for November

By Claude R. Marx

For CUNA's political action committee, Rep. John Hall (D-N.Y.) is still the one.

Web Prowling Members Enable Md. CU to Gain Treasured Growth

By Myriam DiGiovanni

A new twist on a scavenger hunt has helped Atlantic Financial Federal Credit Union increase loan dollars and attract new members.

More Credit Unions Are Ready to Tout Their Card Programs

By David Morrison

Perhaps encouraged by public support provided by leading national consumer advocates, more credit unions are stepping out to promote their credit card programs.

ASI Assesses 15 Basis Points

By Jim Rubenstein

After resisting such a move for months, American Share Insurance Inc., the Ohio-based private carrier,

National Federation Celebrates the Launch of a New CDCU

By David Morrison

The National Federation of Community Development Credit Unions is celebrating the inauguration of a new CDCU in Long Island City, a section of New York City.

Municipal Credit Union Heats Up the Kitchen With New York City's Bravest

By Lindsey Siegriest

Municipal Credit Union helped New York's bravest turn up the heat by sponsoring The New York Daily News "5 Alarm Cook Off" competition for New York City Firefighters.

Conservative Think Tank Weighs In on Card Interchange Fees

By David Morrison

The Competitive Enterprise Institute, a Washington think tank with a conservative reputation,

Games Are All Alike to Visa

By David Morrison

Anyone who catches part of Visa Inc's., advertising campaign linked to the Vancouver Olympic Games may be forgiven if it sounds an awful lot like the Visa campaign in support of the Beijing games.

Gesa Makes Good On Program Launch

Gesa Financial Credit Union has officially launched its new investment arm, Gesa Financial Solutions.

Employers Hang On to Defined Plans

Despite challenging economic times and heavy criticism of the defined contribution system, companies and participants remained committed to their retirement plans in 2008 and 2009.

Texas PAC Raises $313,000

By Jim Rubenstein

The economic challenges facing the industry may be daunting, but the Texas Credit Union League, for one, said its PAC fundraising in 2009 hit record levels thanks to various factors, including reliance on payroll deductions for collecting contributions.

With Its CEO Back, Silver State Seeks Cash Infusion

By Jim Rubenstein

The troubled Silver State Schools Credit Union of Las Vegas, operating once again with a reinstated president/CEO and mounting a campaign to restore public confidence,

Affinity FCU Sets High Hopes for 2010 Giving

Affinity Federal Credit Union's charitable-giving arm, the Affinity Foundation is so confident in the credit union's ability to give back that it has upped the ante for its signature fundraising event next year,

Matz Defends Budget

Responding to complaints from the chief executives of CUNA and NAFCU, NCUA Chairman Debbie Matz said the agency's budget is "wholly appropriate," in light of the challenges that the industry faces.

Va. Bankers Float Plan For Banks to Buy CUs

Virginia bankers appear ready to introduce a bill in this year's session enabling banks to buy credit unions and vice versa.

Problem MBLs Found in Small Group of CUs

Fifty percent of member business loan delinquencies are concentrated in 18 of the 698 credit unions that hold 95% of all MBL dollars, according to analysis from CU Business Group.

Florida Commerce Preps For Next Challenge

The success of Florida Commerce Credit Union's WeLiveFit! $10,000 challenge went so far beyond expectations, the cooperative is already looking for new families for 2010's contest.

Accounting Firms Merge

Accounting firms DeLeon & Stang, CPAs & Advisors and Hull & Associates CPAs announced a merger. Hull & Associates started operating under the DeLeon & Stand name on Dec. 1.

Va. League Rebates Dues

Over the Christmas holidays, the Virginia Credit Union League gave its members a gift from Santa: a $300,000 dues rebate.

Life Is Like a Bar of Fruitcake

By Sarah Snell Cooke

I'm going beg just a bit of patience for one last bit of your holiday spirit, inspired after reading Shari Storm's Motherhood Is the New MBA,

ATM Image Capture Marks Mazuma Tech Progress

By Marc Rapport

Ginny Leritz knew her credit union was on to something when it got notice of a not sufficient funds check before it was even removed from the ATM in which it had been deposited.

Ohio CU Launches Biz Bill Pay Functions From iPay

By Marc Rapport

River Valley Credit Union plans to spend the year ahead expanding its use of new technology to help grow its business with small businesses.

Cross-Channel Shoppers Dominate in the Financial Product Marketplace

By Marc Rapport

When consumers consider purchasing a financial product, be it a mortgage, credit card or savings account, there's one medium they turn to for research-the Web.

Gen Y Customer Services Rules to Live By

By Lindsey Siegriest

Recently, I received a press release for a new Gen Y-targeted product that, to me, really stood out.

HOLIDAY DONATIONS

Altura Credit Union, Riverside, Calif., decorated a tree for the "Festival of Trees," an annual fundraiser held by the Riverside County Regional Medical Center.

PEOPLE

Connex Credit Union, North Haven, Conn., announced the certifications of several employees in the personal account representative designation program.