Credit Union Times Magazine June 29, 2011

Featured Story

  • Will NCUA Suit Force Banks to Settle?

    See you in court. After failing to reach an agreement with two of the largest investment bank to recover losses from mortgage-backed securities sold to corporate credit unions, the NCUA last week filed civil lawsuits against RBS Securities, a Royal Bank of Scotland unit, and J.P. Morgan Securities. The agency is...

Front Page News

News

Editor-in-Chief's Column

  • MBL Needs More Than Pomp and Circumstance

    I read Marv Ulmholtz’ newsletter regularly and the June 22 edition did not disappoint. I split about 50/50 as far as agreeing or disagreeing with his views, but I enjoy his writing style, including referring to himself as “this correspondent.”

People Feature

On-Site Conference Coverage

  • Learning From Mistakes Is One Key to Success

    SAN ANTONIO — Be interdependent and learn from your mistakes, engage your customers and innovate but be careful what risks you take.

  • The Pros And Cons Of New Capital

    SAN ANTONIO — Allowing credit unions to access supplemental capital would help them grow better but could cost them their tax-exempt status, CUNA Mutual Senior Vice President of Strategy and Business Development John Lass told a breakout session of America’s Credit Union Conference.

  • CUNA Says It Is Pushing Back on ‘Over Regulating’

    SAN ANTONIO — The NCUA and other regulators are over regulating to prevent another financial crisis, and CUNA is trying to push back to give credit unions more autonomy. That was the message of CUNA's top executives during a panel discussion at America's Credit Union Conference.

  • CUNA Economists Predict Slow But Steady Improvement

    SAN ANTONIO — The economy will improve slightly, but consumers will continue to be cautious about spending and talking on new debt, CUNA's top economists said at a session during America's Credit Union Conference.

  • Cooperative Principles Can Help CUs Thrive

    Focusing on the benefits to members and the community will result in policies that will help credit unions be more appealing than their competitors.

CEO's Corner

  • Legislation, Evaluation at the Top of Dykstra’s Agenda

    Going into her new role as president and CEO of the California and Nevada Credit Union Leagues in October 2010, Diana Dykstra had nearly three decades of experience working for California credit unions, which allowed her to build many relationships. So it made sense that becoming head of a league...

Opinion

News Briefs

  • Becker Named CEO

    ISPFCU of Springfield, Ill., last week announced that Megan Becker had been promoted to chief executive officer.

  • Industry Healthier

    Notwithstanding poor performance on membership and loans, the industry’s overall health improved markedly in the first quarter, according to the HealthScore survey compiled by Glatt Consulting LLC.

  • High Anxiety

    The latest release of the Money Anxiety Index shows an increase in the level of consumers’ financial anxiety. May’s index at 91.9 (January 1975 = 100), reflects a 0.6 point increase over April of this year, and a 3.7 point increase from the same month last year. The higher the...

  • Magnolia Purchases Valued Members

    Magnolia FCU purchased and assumed the assets of Valued Members FCU, which the NCUA liquidated on May 31 after conserving it last month because of its financial problems. It is the ninth federally insured credit union liquidated in 2011.

  • Tips on Service

    A First Data survey entitled “The New Consumer & Financial Behavior,” provided insight and tips for financial institutions looking to better serve today’s consumer and beyond.

  • Storm Shelter Loans

    A credit union headquartered in Oklahoma City has begun offering its members loans they can use to finance the construction of tornado shelters. This year has been a record year for killer tornadoes across the Midwest and South.

Other

  • Nice Guys Meditate First

    Professional athletes often thank God after they or their team perform exceptionally well. More often than not there is an evangelical Christian tilt to their message and to any subsequent advice they may give about how to have a spiritually fulfilling life.

Tech Bytes

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