Credit Union Times Magazine March 6, 2013

Warren: CUs Should Support Cordray

By Heather Anderson

WASHINGTON — Sen. Elizabeth Warren (D-Mass.) lived up to her controversial reputation among credit unions, making a partisan pitch to CUNA Governmental Affairs Conference attendees to advocate on Capitol Hill for the Consumer Financial Protection Bureau and the confirmation of Richard Cordray during her Feb. 27 address.

Preaching to the Choir, House Leaders Support CUs

By Heather Anderson

WASHINGTON — House Financial Services leadership had good news for credit unions during CUNA Governmental Affairs Conference general sessions, with congressional leaders expressing support for legislative causes that are near and dear to credit unions.

Cordray Talks Up Credit Union Rule Exemptions

By Heather Anderson

WASHINGTON – Consumer Financial Protection Bureau Director Richard Cordray talked up small institution exemptions in new bureau rules during his address at CUNA’s Governmental Affairs Conference Feb. 27.

Leveraging Social Media, CUNA Launches ‘Unite for Good’

By Heather Anderson

WASHINGTON — CUNA President/CEO Bill Cheney unveiled a new strategic vision during the opening session of the trade’s Governmental Affairs Conference on Feb. 28. Cheney said CUNA hopes to leverage the “Unite for Good” campaign into social media and earned media coverage that will distill the thousands of individual credit...

Wegner Award to Hoosman for Serving the Underserved

By David Morrison

Children provided an urgent and charming backdrop to the National Credit Union Foundation’s 2013 Herb Wegner Memorial Awards dinner as the foundation recognized programs and individuals whose lives and careers have been involved with young people.

Not for CEOs: A Succession Plan Is Not a Replacement Plan (Video Included)

By David Morrison

Succession planning means more than just having a set of instructions in place for your board to follow in case you unexpectedly die, according a panel of CEOs that participated in a Not For CEOs discussion held at CUNA’s Governmental Affairs Conference.

Coalition Calls for More Diversity

By Michelle A. Samaad

While the NCUA’s Office of Minority and Women Inclusion was created to ensure diversity in management, employment and business activities, the two-year old division has much more room to have an impact.

CUSOs Bid for Higher Profile

By Michelle A. Samaad

At CUNA’s Governmental Affairs Conference last week in Washington, dozens of CUSOs set out to make their presence felt and their voices heard.

Hiring Decisions: Some Take a Hard Look at the Culture Imperative

By Myriam DiGiovanni

Never compromise or settle when it comes to talent decisions, advises Mark Meyer, CEO of Filene Research Institute.

Square Looks to Keep Multiplying Processing Business

By David Morrison

Debit card transaction volumes have increased because a combination of technology and innovative entrepreneurs. And that has helped push the cash cards into parts of the payments universe where they have never been before.

Heard in the Halls at the GAC

By Sarah Snell Cooke

Credit unions’ rite of spring, CUNA’s Governmental Affairs Conference, has now come and gone. Many credit union volunteers and professionals have scurried home for warmer climes or colder ones in the case of credit union Mecca–Madison–where they were expecting several inches of snow on top of what they already had....

Trailblazer 40 Below: Nathan Schmidt Takes Others Along on the Big Picture Express

By Myriam DiGiovanni

Nathan Schmidt, executive vice president marketing and business development at San Diego County Credit Union has always had a knack for not only seeing the big picture but taking others along to anchor and deliver on those ideas.

Shared Branching Helps Retain Members

Credit unions have seen quite a bit of membership growth over the last year–much of it due to the consumers’ disdain over the poor reputation commercial banks have earned lately. Credit unions, to their credit, have profited from this consumer windfall and are now showing many of these new-found members...

Preparing for the Bond Bubble Pop

The bond price bubble will eventually pop as rates rise, creating potential for the next crisis: a one-two punch of deposit withdrawals and negative spreads as hundreds of credit unions fall short of the earnings needed to compete on deposit rates.

Creative CUs: People, Product & Process

It could be said the creative credit union is a paradox as this industry is often slow or unwilling to accept creative, innovative or new ideas.

Local Buzz via Social Media

Credit unions in Ohio, Texas and Wisconsin are hoping to create a buzz for their services after partnering with a social media marketing and rewards program called BuzzBanking.

PSCU Leads the Pack

This year marks the sixth consecutive year that PSCU will served as the lead partner for the Credit Union Miracle Day Family of Races, which includes the flagship Credit Union Cherry Blossom Ten Mile Run. This year’s race is set for April 7 in Washington, D.C. Since 2008, the CUSO...

NACUSO to Honor the Best

The March 15 nomination deadline is fast approaching for NACUSO’s 2013 Collaboration & Innovation Award and the 2013 Credit Union Collaboration & Innovation Award.

CSCU Agenda Set

Card Services for Credit Unions will host credit union professionals at its 2013 Solutions Conference, April 24–28 at the Renaissance Vinoy Resort & Golf Club in St. Petersburg, Fla.

Texas CUs to Merge

Fort Worth Telco Credit Union announced that it will merge with Fort Worth-based EECU, effective May 31.

Repeat Attack on Patelco

By Robert McGarvey

Patelco has confirmed that on Feb. 25 the large Northern California credit union was down for “around two hours” in a Distributed Denial of Service (DDoS) attack which overwhelms a web host with data, effectively knocking it out of commission.

New England FCU to PhoenixEFE Core

The $916 million New England Federal Credit Union in Williston, Vt., plans to convert to the PhoenixEFE core processing system from Harland Financial Solutions, the company and credit union said.

Mountain America Tests Video Teller

Mountain America Credit Union in West Jordan, Utah, the state’s second-largest CU, is testing Diebold Inc.’s video teller service to enhance relationships with customers who use drive-through ATMs.

What’s Your Credit Union’s Scent?

By Peter Stroznkiak

There’s something new and pleasant flowing through the air at the five branches at the $640 million Velocity Credit Union in Austin, Texas.

Hernandez Runs Three Calif. CUs Without Missing a Beat

By Natasha Chilingerian

For a guy who serves as CEO for three Southern California credit unions CalCom Federal Credit Union, City of Down Federal Credit Union and Mattel Federal Credit Union Jon Hernandez appears anything but frazzled. Neatly separated stacks of papers line one side of his desk in his office at the...

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