Credit Union Times Magazine March 7, 2012

Featured Story

Front Page News

News

Editor-in-Chief's Column

  • Are CUs Behind the Tech Evolutionary 8 Ball?

    The dinosaurs didn’t have the brains or the tools to see it coming, but credit unions do. Fiserv’s Mark Sievewright discussed ISIS among other threats to credit unions last week at the New Jersey Credit Union Leagues’ Reality Check.

On-Site Conference Coverage

  • Reality Check: Time to Wake and Smell the Digital

    The message Fiserv executive Mark Sievewright delivered last week at the New Jersey Credit Union League's annual Reality Check Conference in Atlantic City, N.J., was loud and succinct: We are hip-deep in the digital era and, ready or not, the bits and bytes are rising fast. There is no real...

  • Reality Check: Cheney Outlines Industry Challenges

    The New Jersey Credit Union League's Reality Check Conference last week in Atlantic City, N.J., gave attendees a fast overview of what's hot and what's not in Washington, compliments of lunch speaker Bill Cheney, CEO of CUNA.

Opinion

  • Cooperative Trust: Education Benefits Everyone

    Before attracting younger members, you need to educate them on why they should join your credit union, which was one of the main goals for 2012 at my credit union.

  • Guest Opinion: Time to Get Back to Basics

    From the Durbin amendment to Reg E, recent regulatory developments have financial institution executives seeking new sources of revenue. However, instead of embarking on the quest, financial services industry executives should look to return to the basic fundamentals and focus on interest income, the most important revenue component for...

  • Guest Opinion: Think Like a Business Owner

    I was recently asked what I think credit union marketers and business development people should rethink and do differently. While I’m known for being full of answers to that question, the truth of the matter is that many credit union marketers actually do a lot of things very well.

News Briefs

  • Jeanne D’Arc CU Turns 100

    In honor of its 100th anniversary, Jeanne D’Arc Credit Union of Lowell, Mass., surprised members recently by serving cupcakes and handing out T-shirts at its six full-service branches.

  • Mountain America Honored by SBA

    Mountain America Credit Union was honored recently with two awards from the U.S. Small Business Administration’s Utah District–the 2011 Lender of the Year and the 2011 Blaine Andrus Memorial Award.

  • NAFCU Marketing Awards

    NAFCU recently announced the 16 winners in its 2012 marketing awards competition. The winners will be honored in conjunction with NAFCU’s 2012 Strategic Growth Conference at FireSky Resort and Spa in Scottsdale, Ariz., March 13-15.

  • Whitefish CU Forms a Junior Board

    Seven Whitefish High School students may have just become the most influential teenagers in northwest Montana after being selected by WHS from among 232 of their peers to become the first members of Whitefish Credit Union’s inaugural junior board of directors.

  • CUSOs Are NAFCU Webinar Top

    To help credit unions prepare for any potential changes that may come from the NCUA’s proposed CUSO rule revisions, NAFCU will host a March 7 webcast.

  • CO-OP Wins Lockheed FCU

    The 107,000-member, $3.2 billion Lockheed FCU has signed on with CO-OP Financial Services for credit card processing.

  • CU Exec Attends CFPB Meeting

    Robert Allen, CEO of the 218,000-member, $4 billion Teachers Federal Credit Union, joined executives from Citibank, Bank of America and other banks to tell the Consumer Financial Protection Bureau how his CU and CUs in general handle checking accounts and overdraft protections.

Marketing

Tech Bytes

  • Desert Schools to Deploy Pay Processing

    TransFirst LLC of Hauppauge, N.Y., said the $2.9 billion Desert Schools Federal Credit Union in Phoenix plans to deploy the company’s Web-based centralized payment processing system.

  • Corporate Network eCom Now Part of CO-OP

    The electronic bill pay operation of Corporate Network eCom LLC is now part of CO-OP Financial Services.

  • Katahdin FCU to Convert to Synergent

    Synergent Technology Services said it will be converting the $69 million Katahdin FCU in Millinocket, Maine, to the Symitar Episys core processing platform through its service bureau.

  • CoVantage Launches Mobile

    Tyfone Inc. said the $944 million CoVantage Credit Union in Antigo, Wis., has launched mobile banking using the Portland, Ore., company’s mobile wallet services.

  • Lafayette Schools’ FCU to Offer Mobile

    The 14,800 members of the $140 million Lafayette Schools’ Federal Credit Union in Lafayette, La., will be offered mobile banking technology from MShift Inc. through Card Services for Credit Unions , the companies and credit union said.

  • Catalyst Adds Mobile

    Mobile banking is the latest offering from Catalyst Corporate Credit Union.

  • Oregon CU Signs eDOC

    The $67 million IBEW & United Workers Federal Credit Union in Portland, Ore., has replaced its Check21 solution with eDOC Innovations’ CheckLogic suite, the company and credit union said.

  • VSoft Lands First City

    VSoft Corp. said it has landed the Check 21 business at the $463 million First City Credit Union in Los Angeles.

  • KeyStone Goes Live at Three CUs

    Three credit unions went live in 2011 on the KeyStone core processing system from Corelation Inc., the San Diego startup said.

  • NCR Buys Stake in uGenius

    uGenius Technology LLC of Sandy, Utah, a manufacturer of video banking solutions, is now partially owned by NCR.

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