Credit Union Times Magazine November 14, 2012

Results Put Focus On Lame Duck Session

By Heather Anderson

The 2012 elections came and went, but the Republican revolution never showed. Democrat Barack Obama will return to the White House for four more years, and the Democrats not only retained control of the Senate, they picked up another seat.

Pass, Fail: Disaster Recovery Tests

By Robert McGarvey

The post Hurricane Sandy lessons learned keep coming in as it becomes plain that some credit unions had woefully inadequate disaster recovery and business continuity plans, but other institutions kept operating despite the devastation that hit much of New Jersey and New York City.

Pano Logic Vanishing Act

By Natasha Chilingerian

The Redwood City, Calif.-based technology vendor Pano Logic, a provider of virtual end user systems to a client list that includes at least three credit unions, had just announced a success story about its partnership with the $3.4 billion Redstone Federal Credit Union of Huntsville, Ala. when the company essentially...

Auto Bailout Issue Spotlights 2013 Opportunity for CUs

By Michelle Samaad

More than a week after President Obama was given another opportunity to lead the country, most pundits agree that how voters in states like Michigan and Ohio felt about the federal bailout of the auto industry played a huge role in the campaign’s outcome.

Net Seller Model May Create More Control

By Michelle Samaad

Booking loans with good yield or giving up yield for more loans. For some credit unions, it’s a dilemma that plays out in a loan participation transaction where revenue is desired but not at the expense of making sacrifices on yield.

Relief and More Than a Little Anxiety

By Sarah Snell Cooke

We can all breathe a sigh of relief that the elections are finally over. The campaign sniping on the television and the intrusive robo-calling is done. Now, we have to get down to what it all means for credit unions.

Henriquez Joins Fla. Law Firm

Shutts & Bowen LLP announced that François Henriquez has joined the firm. Henriquez is the former president/CEO of U.S. Central Credit Union.

Johnson Will Test All That He Can Be in Retirement

By Sarah Snell Cooke

PALM BEACH, Fla. — When Fred Johnson, CEO of CUES for the last 23 years, says he’s going to retire at year-end he means it. And he’s going to enjoy the life of a kept man.

Fagan Says Market Focus Is Key to Success

By Sarah Snell Cooke

From the looks of it, Chuck Fagan plans for CUES to learn as much from credit union professionals as they will learn from the organization. He will officially take over the helm at CUES in January.

Board Director Stacey Walker Strives to Keep XCEL FCU True to Its Mission

By Myriam DiGiovanni

As someone who firmly resides in a no regrets zone, Stacey Walker, board director at XCEL Federal Credit Union, has never had a problem pushing past her comfort levels.

People 11-14-12

Don’t Charge Ahead on EMV Cards

Change is in the cards, literally. Europay, MasterCard and Visa technology is coming to the United States and bringing with it a host of benefits for cardholders and issuers, including enhanced security and international compatibility.

Donations 11-14-12

MBFS Names Ritter CEO

Member Business Financial Services, a Philadelphia-based CUSO, announced the appointment of Mark Ritter as CEO.

Mancini Named CEO

Connex Credit Union has named Frank Mancini as president/CEO.

Zia CU Picks Woodruff

Zia Credit Union of Los Alamos, N.M., announced that the board has selected David Woodruff as the credit union’s new President/CEO.

SECU Welcomes Chinese Delegation

State Employees’ Credit Union recently hosted members of a Chinese banking delegation that was interested in learning more about the philosophy, practices, strategy and innovation of the not-for-profit cooperative. The group of 17 emerging financial leaders are members of the Youth Federation of China, an association of the Chinese...

Two New Owners at CU*Answers

Two more credit unions have bought shares of CU*Answers, giving it a record 14 new owners in a year and pushing the ownership list to 107 credit unions, also a new record.

Reid’s Priorities May Decide MBL Fate in Lame Duck Session

By Heather Anderson

Credit union member business lending made a to-do list published Nov. 5 by the National Journal that originated from Senate Majority Leader Harry Reid’s (D-Nev.) office.

New Friends, Old Allies Triumph

By Heather Anderson

A roundup of Nov. 6 results from the credit union industry perspective.

How Would White House Shift Impact Dodd-Frank?

By Heather Anderson

On the campaign trail, President Barack Obama and Republican challenger Mitt Romney couldn’t have a bigger difference of opinion when it comes to the Dodd-Frank Act.

CUNA Finds a Campaign Niche in Playing ‘Nice’

By Heather Anderson

CUNA’s political team harnessed the power of nice and the credit union member vote in two key races, spending nearly half a million PAC dollars on positive partisan communications that the trade association’s leaders say is the wave of the future.

Credit Unions Stay Nonpartisan to Register Voters

By Eileen Courter

If a credit union offers voter registration and the law doesn’t allow the registrars to hand out literature from a candidate who’s a good friend of credit unions, for example, why bother?