Credit Union Times Magazine June 26, 2013

Featured Story

  • Hosted Cores Gain Momentum Among Small CUs

    Do you want to know a secret? Roughly three in 10 small credit unions do not maintain their core systems in-house, instead using “hosted” or “service bureau” solutions where the core is in fact maintained off-premises by a third-party vendor.

  • Participation Rule Eased by the NCUA

    Eighteen months after it proposed a controversial loan participation rule that would have capped purchases from single originators to just 25% of net worth, the NCUA Board approved a final rule June 20 that significantly relaxed the provision.

Front Page News

  • Fed Holds the Line

    As the day approached when the Federal Reserve was poised to raise or lower certain key rates, investors were likely wondering whether they would get the chance to bump up their savings.


Editor-in-Chief's Column


  • James Marshall Leads The Cooperative Trust

    The Cooperative Trust and Filene Research Institute announced last week that James Marshall has joined the trust as its leader. Marshall succeeds Brent Dixon, who founded the trust in 2010 as Filene’s young adult adviser and led it over the past three years.

  • Minges Named Interim CEO at 1st Financial FCU

    Carol Minges has been named interim CEO at 1st Financial Federal Credit Union of St. Charles, Mo. She replaces Frank Nelson as CEO.

  • Malware Is Now on Sale

    Boston-based Trusteer is reporting that it has found multiple instances of sellers operating in Russian underground criminal forums offering what they claim is the source code for Carberp, the Trojan software used to target financial institution accounts.

  • CEO Christopher Owen to Retire from Meriwest

    Meriwest Credit Union has announced that Christopher M. Owen, President/CEO will be initiating a transition plan to retirement late this summer. Owen’s decision to retire will bring to close a career of 22 years of service with Meriwest Credit Union.

  • Alleged Card Skimmer Busted

    A 20-year-old waitress at a Washington state Red Robin has been arrested for alleged credit card skimming and King County authorities give credit to BECU, the $11.5 billion institution in Tukwila, Wash., for the information that broke the case.


Letters to the editor

Focus Report

  • Online & Mobile Banking

    Across all demographics, smartphone ownership has officially become the norm. Whether they’re middle-aged adults, rural residents, college graduates or millennials, adoption levels are at 60% or more, according to recent research. Credit unions are listening and taking action as they launch a plethora of mobile apps to woo those who...

  • Guest Opinion: Don’t Lose Members

    At Space Coast Credit Union, we continue to reinvent ourselves to ensure that we meet the needs of our members. We work hard to ensure that we are keeping up with current trends so that we can both anticipate and be responsive to those products and services our members need...

  • Assessing Mobile Banking ROI

    Around the country, credit unions have been jumping on the mobile app bandwagon for the past few years, but has the hoopla actually started to pay off in terms of more revenue?


  • People in the News

    First New York Federal Credit Union, Colonie, N.Y., welcomed James Alescio as the company’s controller. Alescio is a graduate from Bentley University with an accounting degree. Before joining First New York, he worked at Trinity Alliance of the capital region and brings 15 years of banking experience to the credit...

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