Credit Union Times Magazine July 18, 2012

Featured Story

  • Gaming Personal Finance to Fly as High as Angry Birds

    The fast-paced era of instantaneous information created by the Internet, social media and smartphones has resulted in a significant change in the manner in which people process information. And new research suggests that credit unions may want to rethink their approaches to financial education in looking for ways to connect...

Front Page News

  • Bonds Exit Stirs Up Mild Concern

    Two member credit unions say they aren’t running for the exits at Corporate America Credit Union following the July 3 announcement that CEO Thomas Bonds had resigned from the $3.3 billion corporate. However, they expressed disappointment and concern that the maverick and charismatic leader will no longer lead the Irondale,...

  • Libor Scheme Shorted Corporate Income

    The Libor price-fixing scandal, in which the London-based bank and financial services company Barclays manipulated Libor submissions to give a healthier picture of the bank’s credit quality in 2007 and 2008, has had little material effect on credit unions, according to industry experts. However, corporates that owned Libor-indexed assets during...

  • CFPB Unveils Mortgage Reg Changes

    Combined mortgage disclosures, a new definition of APR, and an expansion of mortgage loans that qualify for Home Ownership and Equity Protection Act coverage were among major changes the Consumer Financial Protection Bureau proposed July 9 when it released two proposed rules.


Editor-in-Chief's Column

Tech Bytes

Data Processing/Tech


News Briefs

  • Googolplex Grows

    CUNA’s online vehicle to reach young people, an education package, “Googolplex: The Credit Union Guide for Student Money Makers,” is gaining new ground this summer with apparent heightened interest among elementary students, preteens and teenagers.

  • Space Coast CU Dropped From Suit

    A loan participation suit filed two years ago against the defunct Eastern Financial Florida Credit Union to recoup millions in losses will not include Space Coast Credit Union, a federal court recently ruled.

  • CUNA Mutual Makes CDCU Investments

    Three community development credit unions in California have received an interest-free, $1.25 million deposit from CUNA Mutual Group to stimulate development in their underserved areas.

  • Eaton Family CU Marks 75th Year

    Eaton Family Credit Union marked its 75th Anniversary with a special day for credit union members and the community.

  • Ohio Edison/Penn Power Is Now Edison Financial CU

    The 72-year old Ohio Edison/Penn Power Credit Union has established a new brand identity–Edison Financial Credit Union. Exterior signs have been changed and now contain the new name and logo at the credit union’s two locations in downtown Youngstown and in the Austintown Plaza.

  • Georgia Regulator Calls Out False CU

    In a cease and desist order, Georgia’s chief regulator, Robert Braswell, has told a suburban Atlanta firm, Georgia Entertainer’s Credit Union, to stop calling itself a credit union.


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