Credit Union Times Magazine March 30, 2011

Featured Story

  • Bridging the Gap to the New Corporates Model

    For those who thought there might be wiggle room in the NCUA’s willingness to tolerate a merger of Tier 1 corporates, unambiguous words came from Scott Hunt, director of the NCUA office of corporate credit unions, at a panel discussion about the future of corporates at the New Jersey Credit...

Front Page News


Editor-in-Chief's Column

  • Reconstructing the Fourth Estate

    The United States was founded on the principle that the people would control the government and the government would protect the people. There are three pillars of government: The legislative, executive and judicial branches. Each provides a check and balance to the other.

CEO's Corner

News Briefs

  • Metro Expands SEGs With Merger

    Expanding its SEG reach, the $780 million Metro Credit Union of Chelsea, Mass. is planning a merger with the $58 million University CU of Boston.

  • New CEO Hired at CU of Atlanta

    Credit Union of Atlanta has named Sheilah Montgomery its new president/CEO.

  • Fiserv, CashEdge Land P2P Pact With Visa

    Fiserv Inc. and Visa Inc. have reached a deal that adds potentially billions of new users of the ZashPay person-to-person payment service.

  • New League Name: Mountain West Association

    The proposed trade group combining Arizona, Colorado and Wyoming credit union leagues has settled on a new name: Mountain West Credit Union Association.

  • New Sallie Mae Student Loan Option

    VA Community Credit Union is doing its part to help students bridge the college financing gap by offering the "Sallie Mae Smart Option Student Loan."

  • Cyber Attack at RSA

    Security giant RSA said a sophisticated attack has possibly compromised the two-factor authentication system used by tens of millions of end users of the company’s clients, which includes large banks and other corporations and credit unions.

  • NARFE Names Wye President/CEO

    Effective April 2011, Martha Wye will be president/CEO of NARFE Premier Federal Credit Union.

  • Estate Planning Is Launched

    A new estate planning program piloted by State Employees’ Credit Union has officially launched with a new loan feature.

  • Processing Marketing Pact Set

    A pair of longtime credit union core processing providers has entered into a joint marketing agreement.

  • CUSO Pays Dividend

    Credit union owners of Octant Business Services have reaped the business lending CUSO’s success in 2010 with another dividend.

Letters to the editor

  • Grappling With the World of Troubled Debt Restructuring Accounting

    Credit unions certainly were not immune from the affects of the Great Recession. As a result of the downturn, many members have become delinquent on outstanding loans. Over the past few years, many credit unions have been forced to either reduce or renegotiate the debt owed to them by numerous...

  • Federal Home Loan Banks Are Ready Partners

    We agree with David Reiss that credit unions could benefit from increased competition resulting from a privatized mortgage market ("Professor Says CUs Should Back GSEs' Privatization," March 2, page 3) provided, as he states, that "they maintain their access on par with that of larger financial institutions." Otherwise, credit unions...


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