Credit Union Times Magazine May-26, 2010

Front Page News


News Briefs

  • Wisconsin CU Emerges From Conservatorship

    Once considered a failed CU, the $144 million Prime Financial Credit Union of Cudahy, Wis., is back on its feet this month-pulled out of conservatorship by the state after a new management team and board restored "normal operations."

  • Banks Ease Commercial Lending Criteria

    According to a recent Federal Reserve Board survey, those banks that have started easing their commercial lending standards have done so in response to increased competition from other banks and nonbank sources.

  • League Begins Search For Cheney Successor

    The California/Nevada Credit Union League has kicked off its search for a successor to its president/CEO, Bill Cheney, who is taking the CUNA helm July 5.

  • Constitution Corp Income Covers New OTTIs

    Like other corporate credit unions, Constitution Corporate FCU's investment portfolio performed worse than previously estimated, requiring a new $1 million-plus OTTI as of March 31.

  • IRAs Beat 401ks

    Individual retirement account assets are now greater than in employer-based retirement accounts such as 401(k)s and 403(b)s, according to a Cogent Research study of 4,000 affluent and high net worth Americans.

  • BSA Manual Released

    Credit unions wanting an update on what federal examiners are looking for during examinations on Bank Secrecy Act issues can consult the just-released 2010 edition of its examination manual.

Editor-in-Chief's Column

Letters to the editor

  • Do the Laws of the Land Not Apply to the NCUA?

    One and a half million North Carolinians, who are members of State Employees' Credit Union, have $175 million on deposit at the NCUA with the NCUSIF. This deposit is owned by SECU members and is fully refundable.

  • Fresh Air In

    The Editor's Column in the April 28 issue was excellent. The comments were on target.


  • Social Media Should Align With CU Expectations

    The power of social media and its influence on growth in the financial industry is mesmerizing. However, the conspicuous absence of guidance from regulators, which may be holding back many credit unions from taking the plunge.

On-Site Conference Coverage

Focus Report

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