Credit Union Times Magazine March-03, 2010

Front Page News


News Briefs

  • CUNA on Reverse Mortgages

    CUNA wants consumer advisory language strengthened in the proposed guidance regarding reverse mortgages while NAFCU would like to see additional guidance on what information must be included in advertisements.

  • Increase in Fraud Reports

    There was a 7.5% increase in suspicious activity reports for mortgage fraud during the third quarter of 2009 compared to the same period in 2008, according to data compiled by the Treasury Department's Financial Crimes Enforcement Network.

  • Bilouris Named Aide to Marquis

    Matthew Bilouris, a program officer at the NCUA's Office of Examination and Insurance, has been named special assistant to NCUA Executive Director David Marquis.

  • Compliance Burden To Increase

    An overwhelming majority of credit unions surveyed by NAFCU expect their compliance costs to increase in 2010.

  • LemmonTree Offers New Microsite

    LemmonTree Marketing Group wants to get leaders talking about the future of credit unions.

  • Zurich Introduces New Liability Policy

    Property and casualty insurance provider Zurich has unveiled Financial Institutions Select, a new management liability/professional liability policy that includes more than 75 new coverage enhancements designed to reflect the current landscape of risk.

  • WEOKIE Taps Clayco

    WEOKIE Credit Union has tapped the expertise of design/build firm Clayco Inc. to head the project for its new 22,000 square-foot operations center.

Editor-in-Chief's Column

Letters to the editor


  • A Director's Duty Is to Act Prudently

    The notion that volunteer directors generally underperform has no more credibility than the idea that financial rewards for individual directors is the driving force and significant difference between healthy corporations and failed corporations.


Focus Report


  • People

    Crescent Credit Union, Brockton, Mass., announced that after eight years as chairman of the credit union's board of directors, Herbert S. Nagle is passing the gavel to newly elected Chairman William Rosa.

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