Credit Union Times Magazine June-16, 2010

Front Page News


News Briefs

  • Diebold to Pay $25 Mil. To Settle Fraud Charge

    The Canton, Ohio-based ATM provider Diebold Inc. has agreed to settle an allegedly fraudulent accounting case that inflated the company's earnings by at least $127 million, the SEC said earlier this month.

  • Rejoining CUNA, Redstone CEO Cites Interchange

    After a seven-year hiatus, Alabama's largest credit union, the $2.6 billion Redstone Federal has officially rejoined CUNA and the League of Southeastern Credit Unions, with its CEO pledging help in the interchange fight.

  • MBL Reg Revision Would Be Prompt

    If the member business lending 12.25% asset cap go to 27.5% or higher, NCUA Chairman Debbie Matz reiterated how the agency would be ready to revise the member business lending regulation.

  • North Jersey FCU Designs Banking for Muslims

    Muslim members of North Jersey Federal Credit Union will have access to a new Islamic banking division in line with their spiritual beliefs.

  • American First CEO Bob Street Retires

    American First Credit Union President/CEO Bob Street has retired after 20 years of service.


  • CU Locator Site Traffic Up

    The favorable press heaped on credit unions recently has also triggered a jump in those online find-a-CU services offered by trade groups, primarily CUNA and NAFCU.


  • Investment Project Targets Underserved

    Now that it has some tangible evidence from a nearly year-old project that provided training to credit union employees on investment education, the Wisconsin Credit Union League is gearing up to reach the poor and underserved.

Tech Bytes

  • CU Locator App Launched by Maryland-DC Foundation

    The Credit Union Foundation of Maryland and the District of Columbia has released what it calls a first-of-its-kind credit union search application for Apple devices.

  • TMG Adds Vista Alerting, Mobile Banking

    TMG is now offering its 230 credit union customers the ability to provide their card-using members with mobile banking and transaction alerting solutions.

  • Bradford-Scott Claims Wisconsin CU as New Core Customer

    Bradford-Scott Data Corp. said it will be converting Sheboygan Area Credit Union to the Sharetec System core processing platform.

  • Antifraud Tools Touted

    Mountain America Credit Union said it has seen a sharp reduction in false positive rates while picking up more real fraud attempts since it began using a new deposit account fraud and compliance solution.

  • Big Brazilian CU Signs Accenture IT Outsourcing Contract

    One of Brazil's largest credit unions has contracted with Accenture to provide information technology support and systems development as the credit union moves through a period of anticipated growth, the company and credit union said.

  • SMS Text Banking

    More than 150 members of First Community Credit Union signed up for the suburban St. Louis credit union's new mobile text banking service in the first month of its offering.

  • Cyber Attack Test Results

    The report has come out from a nationwide simulated cyber attack on the nation's ACH, check and card payment systems earlier this year.

  • Harland Offers Merger Services to UltraData Users

    Credit unions running on the UltraData core platform are now being offered formalized data conversion merger services by Harland Financial Solutions.

  • Fiserv To Launch P2P Service

    Fiserv Inc. plans to leverage its CheckFree bill pay network for a new person-to-person (P2P) service that will allow users to send payment to anyone with an e-mail address or mobile phone number.

Special Report


Editor-in-Chief's Column

Letters to the editor



  • People

    HarborOne Credit Union, Brockton, Mass., announced that Barry Koretz was appointed chairman of the board of directors.


  • Donations

    Bay Federal Credit Union, Capitola, Calif., employees were honored at a recent United Way of Santa Cruz County awards ceremony for fundraising at local businesses.

  • Community Events

    Point Loma Credit Union, San Marcos, Calif., hosted students from San Marcos High Schools during its "Job Shadow Day" program.

  • Branching Out

    TruMark Financial Credit Union, Trevose, Pa., celebrated the opening of its 13th branch. The credit union held a ribbon-cutting ceremony at the new branch located at Parkwood Shopping Center in Philadelphia.

  • Clearview FCU Files Complaint Against Debt Settlement Company

    Name confusion among its members prompted the $625 million Clearview Federal Credit Union to file a complaint against Clearview Credit Inc., a Florida debt settlement company.

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