Credit Union Times Magazine May 1, 2013

Featured Story

  • Partisan Bickering on CFPB

    Ever since Rep. Jeb Hensarling (R-Texas) and Rep. Maxine Waters (D-Calif.) were named the chairman and ranking member of the House Financial Services Committee late last year, Capitol Hill observers have waited for the two members of Congress and their polar opposite ideologies to clash publicly.

  • T40B: Robert Hall Advocates a Panoramic View Beyond IT

    Forget every assumption you’ve ever had about those people in IT because Robert Hall, vice president of information systems at DATCU, will blast through them all.

Front Page News

  • Business Partners Sees Hope

    Six months after Business Partners LLC, the member lending subsidiary founded by the failed Telesis Community Credit Union, changed owners, the CUSO is starting to emerge from a bleak and dark fog.

News

Editor-in-Chief's Column

  • Pay Can Raise Expectations for Directors

    A couple of state legislatures have recognized the value of credit union directors’ work toward maintaining a safe and sound credit union. Washington State and Tennessee credit union regulators recently permitted state-chartered credit unions there to compensate board members for their time. This was a wise move for a number...

People

  • People

    Leominster Credit Union, Leominster, Mass., announced the promotions of Randy Harris, Bryon Goguen, John Diggins and Joanne Lattanzi. Harris was promoted to assistant vice president, treasury. Harris joined the credit union in 2004 as a financial analyst. A ¬22-year veteran in the financial services industry, Harris has extensive...

Opinion

  • CASD SERPs–Worth a Close Look

    Murphy’s law says that anything that can go wrong, will. Recently, some have applied Murphy’s law to what’s known as a collateral assignment split dollar supplemental retirement plan. Having helped credit unions nationwide establish CASD SERPs, I think the recent critiques are extreme and misleading and that a more balanced...

Briefs

  • Retired VP Reyes

    A retired employee of JetStream Federal Credit Union, Fernando Reyes, passed away on April 19 following a long battle with cancer. After a three decade career in financial services, Reyes joined the JetStream team and served as vice president of lending for 13 years, from 1998 to 2011. Reyes...

  • CEO Pierson to Retire

    After 38 years of service, BluCurrent Credit Union President/CEO Steve Pierson will retire, effective June 30. Pierson is only the second president in the credit union’s 84-year history. BluCurrent board of directors also announced that BluCurrent Executive Vice President Craig Tabor will become president/CEO upon Pierson’s retirement.

  • Oregon CU Unveils New Name

    Northwest Resource Federal Credit Union announced last week that it will change its name to Trailhead Credit Union, effective June 3. As one of nine other credit unions in Oregon with “Northwest” in its name, the credit union said it wanted a new name that would better distinguish itself...

  • Emerson Leaves Conn. League

    Credit Union League of Connecticut President/CEO Tony Emerson has been named the new president/CEO of the $465 million IC Federal Credit Union in Fitchburg, Mass.

NCUA

  • NCUA Names James Hagen New IG

    NCUA Chairman Debbie Matz last week announced the ­selection of James Hagen as the agency’s next inspector general. Hagen, the current deputy inspector general for audit, will assume his new post June 1. He will ­succeed William DeSarno, who is retiring.

Focus Report

  • Innovations Free Up Tellers to Focus on Relationships

    Through the transformation of iPads into sophisticated banking kiosks and other frontline technology channels credit union tellers are able to work more efficiently than ever before while freeing up more time and opportunities to deepen relationships with members.

  • Your Next Around-the-Clock Employee

    As credit unions slowly tackle the emerging mobile question, one thing has become certain: members both young and old are requiring ever increasing access to financial products and services to fit their hectic lifestyles.

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