Credit Union Times Magazine June 11, 2014

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Front Page News

Focus Report


Editor-in-Chief's Column



  • Nine CU Employees Banned

    Of the nine prohibition orders issued last month by the NCUA, three were former employees of the $65 million Valley Credit Union in Tuscumbia, Ala.

  • Sam's Club Launching EMV Cards

    Sam's Club, Wal-Mart's membership-only retail warehouse operation, will issue proprietary credit cards that will carry an EMV chip for authentication beginning June 23, the company said.

  • Four Credit Unions to New Cores

    Four credit unions have announced core processing conversion completions or commitments in recent days.

  • Florida Central Credit Union to Buy Bank Branch

    The $399 million Florida Central Credit Union in Tampa plans to buy a First Federal Bank of Florida branch in Sarasota, Florida Central President/CEO Laida Garcia said last week.

  • NCUA Names Deputy IG

    William Bruns has been selected to be the NCUA's next deputy inspector general.

  • More Car Loan Terms Stretch to 84 Months

    Car loans with seven-year terms are becoming more of the norm as consumers yearn for lower monthly payments.

  • Oshkosh Central Probe: CEO One of Two Employees Suspended

    Mark Patchak, president/CEO of the $28.6 million Oshkosh Central Credit Union, was one of two employees suspended while the state investigates what it calls “substantial irregularities” at the Wisconsin credit union.


  • Branching

    The $2.4 billion Service Credit Union of Portsmouth, N.H., opened its 42nd branch. The Tilton branch is the credit union's 25th in New Hampshire and 12th in-store branch and is its first in Belknap County. It's located inside a Wal-Mart on Sherwood Drive.

  • People

    The $1.1 billion Jeanne D’Arc Credit Union in Lowell, Mass, hired Matthew Bernard as assistant vice president for network operations. He has more than 15 years of experience in the technology industry and was awarded two Purple Stars for wounds he received in combat while serving as an infantryman in...

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