Credit Union Times Magazine May 1, 2013
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.
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
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.
In 2005, Delta Community Credit Union thought about changing its name and with it, a shift away from a then 65-year tie with its longtime sponsor, Delta Airlines.
Jeff Russell, longtime card executive and innovator with TMG Financial Services, is leaving the card business to take a position as CEO of a dental insurance firm.
Only 31% of credit unions are ready to comply with the 2013 and 2014 requirements of the Patient Protection and Affordable Care Act of 2010, according to a survey by CUNA Mutual Group.
Credit unions facing a lack of available and affordable mortgage loan professionals should not look for the staffing challenge to ease anytime soon, according to housing finance executives and consultants.
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...
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...
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...
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...
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.
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...
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 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.
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.
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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