Credit Union Times Magazine November-03, 2010

Front Page News

  • Foreclosure Mess Likely to Drag On

    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

    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

    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

    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

    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.

News

News Briefs

  • 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.

Editor-in-Chief's Column

Opinion

  • 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

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

Other

  • 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,

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