Credit Union Times Magazine March 13, 2013

Featured Story

Front Page News

  • Filson’s Demand: Show Me the Money

    Callahan & Associates Chairman Chip Filson said he questions a nearly $2 billion reduction in the NCUA’s Central Liquidity Facility stock reported in October when U.S. Central Bridge was liquidated. Filson also posted a blistering Feb. 28 opinion piece on the Callahan website questioning the NCUA’s financial transparency on the...

  • Board Bullying Claim

    A whistleblower lawsuit filed Feb. 27 in New York District Court claims a former CEO of the $145 million Ukrainian National FCU suffered discrimination and retaliation so severe, it caused her to suffer a heart attack and default on her mortgage loan.

  • GSE Reform Advances

    The Federal Housing Finance Agency, the regulator and manager of government-owned Fannie Mae and Freddie Mac, is poised to start to restructure the secondary mortgage market whether credit unions, banks or legislators are ready or not.

News

Editor-in-Chief's Column

  • Avoid Solutions Looking for Problems

    During the Governmental Affairs Conference, Chip Filson announced his intention to seek an NCUA Board seat, which was the culmination of speeches and online postings criticizing the NCUA’s activities throughout the financial and corporate crises. He has launched a petition designed to force President Obama to consider him as a...

CEO's Corner

Opinion

  • Driving Profits Without Sacrificing Member Loyalty

    We consistently hear from our credit union partners that they continue to focus on ways to differentiate themselves in a commoditized market. This is a challenge.

  • Striving to Appeal to Behavior And Attitude to Boost Loyalty

    There are two main types of loyalty that have been widely accepted within academic circles, attitudinal and behavioral loyalty.

  • Look Closely at Executive CASD Plans

    Recently, there have been articles in the media that talk about a purportedly “new” and “secure” way to deliver tax free executive retirement income and a tax free death benefit. This supposedly superior solution to credit union executive retirement needs suggest that everybody wins.

Tech Bytes

News Briefs

  • Two New Yorkers to Hall

    Two New York credit union professionals were recently named to the Credit Union House Hall of Leaders in recognition of their commitment and service to the credit union movement.

  • SEC Asks for Feedback on Advisers

    When it comes to the type of advice investment advisers and broker-dealers give, the SEC wants to know if new rules are needed to ensure that the information they’re sharing fits with their clients’ needs.

  • Va. Law Firm Forms a CU Group

    The Hampton Roads, Va.-based law firm Kaufman & Canoles announced partners Andrew Keeney and Dustin DeVore have been selected to co-chair the firm’s new credit union team. The firm said in a release the team was formed to respond to a growing credit union industry, where regulations are constantly changing...

  • Point Breeze Names CEO

    Bernard McLaughlin has been appointed as the new president/CEO of the $724 million Point Breeze Credit Union in Hunt Valley, Md.

  • Many Defaulters Would Buy Again

    A firm which has specialized in helping consumers escape underwater mortgages is finding their former clients open to returning to the market again.

  • Community Charter

    The $11 million Citco Federal Credit Union of Sheridan, Wyo., has won NCUA approval to convert to a rural district community charter to serve Sheridan and Johnson counties, according to its consultant, Dollar Associates LLC.

  • Autoland Touts Profit

    More business referrals from a growing roster of clients helped vehicle buying CUSO Autoland Inc. drive $93.2 million in loans to its credit union partners in 2012.

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