Credit Union Times Magazine November-03, 2010

Foreclosure Mess Likely to Drag On

By David Morrison

The ongoing tangle that has become the foreclosure process in many parts of the country moved in two directions last week, each of which could impact credit unions.

CUNA Board Races

By Jim Rubenstein

The urge to serve the industry during what one CEO called "a very exciting and anxious period" coupled with heightened interest in dealing with the corporate dilemma are apparently

Bank Linkup in Iowa

With its corporate planning a wind down in 2011, Iowa credit unions took the first step last week in confronting the fallout from NCUA's corporate restructuring by signing a preliminary

Battered Commercial Sector May See Some Healing in 2011

By Michelle A. Samaad

The commercial lending landscape was predicted to be next the real estate bubble to burst this year. That forecast certainly came to fruition as financial institutions continue to grapple with losses with just two months left in 2010.

Two Houston CUs Plan a Merger

By Jim Rubenstein

In a $300 million consolidation, two Houston credit unions, First Service and Right Choice are planning a merger to be completed by year end.

Banker Blasts CUs

By Jim Rubenstein

In its latest assault on credit unions' the tax exemption, the banking lobby has seized on a suit filed by the NCUA to recover losses in a 2009 Nevada credit union failure as evidence CUs are handing out loans to nonmembers on a broad scale.

MAC NOW Awards Embrace the Viral and Real-Time Delivery

By Myriam DiGiovanni

Why wait a year to recognize credit unions' virtual, viral and electronic efforts that are happening now?

International CU Day Spotlights Trust, Service and Fun

By Myriam DiGiovanni

Not only was October Co-op Month and Breast Cancer Awareness Month, but credit unions around the world found creative ways to celebrate International Credit Union Day on Oct. 21.

Forrester Report Finds Account Alerts Use Is Declining

By Marc Rapport

Account alerts are designed to quickly deliver important messages to bank customers and credit union members with the intention of helping them avoid situations like account fees and fraud.

Avalanche Gang Now Focuses on Zeus Trojan

The world's most active phishing gang is no longer phishing as much, researchers said, but that's not necessarily good news.

Group Issues Identity Theft Reminders to FIs

Fraudsters phishing for victims keep changing their tactics, and consumers and the financial institutions that serve them need to remain vigilant, according to the Identity Theft Assistance Center in Washington, D.C.

TMI? Facebook, LinkedIn Cited as Sites for Fraudster Forays

By Marc Rapport

The very things that make social media so popular also make them a potential problem for credit unions, their members and those in charge of fighting fraud.

PSCU Cites Success in Thwarting Bill Pay Fraud

By Marc Rapport

PSCU Financial Services processes more a than million and a half online payments a month and said it's batting a thousand this year when it comes to fraud detection.

Pentagon Federal Members Applaud Home Deposit

By David Morrison

Members of the $14.3 billion Pentagon Federal Credit Union have responded with enthusiasm to a program that allows them to make deposits from the convenience of their homes.

CUs for Kids Offers Holiday Donation Kit

Credit Unions for Kids, the credit union movement's nonprofit fundraising organization created to benefit

CO-OP Program Spurs Debit Card Use

A Maryland credit union has used programs from CO-OP Financial Services to help renew debit card usage among

Delinquencies Drop in Fla., Ala.

For the first time in two years, Florida's credit unions have experienced a drop in loan delinquencies and net charge-offs, the League of Southeastern Credit Unions reported.

Arteaga Named to Financial Board

Roland Arteaga, president/CEO of the Defense Credit Union Council, has been appointed by President Obama to the President's Advisory Council on Financial Capability.

Ohio MBL Surge

Member business loans at credit unions in Ohio are in high demand just as mortgage loans have spiraled down.

Small Biz Early Success

A loan program that launched Aug. 1 in Iowa is starting to reap dividends for the state's small businesses.

Credit Unions May Be Not-for-Profit, But They Aren't Charities

By Sarah Snell Cooke

Credit unions are very proud of their heritage, and they should be. Credit unions, individually and as an industry, grew from nothing to serve tens of millions of members nationwide.

What Credit Union Boards Can Learn

You might ask, what do governance, leadership and Chile have to do with credit union boards getting it right? One thing I know to be true is the deep belief that credit union board members have in fulfilling the mission of protecting the

The Long and Winding Road

By Marygrace Murphy

Gen Y wants to do the right thing, but credit unions must guide the way with clear signposts and a smoother path.

Community Events

Aberdeen Proving Ground Federal Credit Union, Aberdeen, Md., hosted its annual "Shred-It Day" recently. Members were encouraged to bring paper documents to

Donations

Alliant Credit Union, Chicago, announced that its charitable organization, Alliant Credit Union Foundation, has recently completed its first year of operations,