Credit Union Times Magazine October-06, 2010

Front Page News


News Briefs

  • Baptist Hospital Becomes Life Credit Union

    After 52 years Baptist Hospital Credit Union has reinvented itself as Life Credit Union.

  • Three CUs Commit To EasCorp RDC

    Three more billion-dollar credit unions have committed to the DeposZip Mobile remote-deposit capture solution offered by Vertifi Software LLC, the tech subsidiary of EasCorp in Burlington, Mass.

  • Identity Protection Week Set in October

    The third annual nationwide Protect Your Identity Week will be observed Oct. 17-23, a joint project of the Council of Better Business Bureaus and the National Foundation for Credit Counseling.

  • Ent Goes Live With Web

    Ent Federal Credit Union has launched its new online banking system, featuring a number of new personal finance and security features, according to the $3.1 billion, 201,000-member institution in Colorado Springs, Colo.

  • More Business Closures, Fewer Openings in 2009

    According to new data from the SBA, an estimated 552,600 new employer firms opened for business and 660,900 firms closed shop in 2009.

  • CU Aids Stone Mill Rehab

    The GPO Federal Credit Union will administer a $650,000 government loan to renovate a stone mill built in 1839 to include tourism and business spaces.

  • Biz Kid$ Receives $700,000 Donation

    Biz Kid$, the industry-funded and nationally syndicated financial education program on PBS,

Tech Bytes

  • Lafayette FCU Is Launching Business Analytics Solution

    Lafayette Federal Credit Union is joining the business analytics revolution, deploying the kind of sophisticated technology that used to be found only at big corporations to help it better

  • Worst-Case Scenario Data Recovery: Replication Comes to the Fore

    With emerging trends in data replication, credit unions now have a cost-effective, efficient and more technically advanced alternative to current tape-based disaster-recovery scenarios.

  • Indiana CU Gets Deep Target

    A $51 million Indiana credit union is the first of 350 credit unions running on the HomeCU online banking platform to deploy the targeted banner solution from Deep Target Inc.

  • New Fraud Alert Network

    A new fraud-fighting network launched by Microsoft and a cyber-crime fighting alliance includes a pair of Washington state credit unions among its first participants.

  • Phishers Are Spreading Their Nets

    Financial institutions are not alone. A leading cyberfraud watchdog group said that social networking, online classifieds and online gaming industries are increasingly the focus of phishing gangs out looking for personal account information.

  • NACHA Rolls Out Direct Payments

    Full commercialization of the new Secure Vault Payments network from NACHA has gotten under way, the organization said.

Editor-in-Chief's Column


  • Life Events Data Help Predict Consumer Needs

    When it comes to marketing today, whether at the local or national level, online or offline, knowledge of consumer behaviors and life events has become an essential tool for customer acquisition and retention. Because these life events


  • People

    Andrews Federal Credit Union, Suitland, Md., announced Jim Hayes as its new executive vice president/chief financial officer.


  • Credit Unions Can Harness Our Passion for Causes

    Spread the word to young people in your area that, like buying locally grown food from a farmer's market or purchasing fair trade products, joining your credit union is another way they can vote with their dollars to make the world a better place.

  • Celent Finds Many CUs Give Only Lip Service to Branch Technology

    A recent Celent report finds that while the majority of financial institutions said improving branch sales and service performance was their top branch-channel priority, few have invested in technology to help realize that goal.

  • OnPoint Expands by Three

    OnPoint Community Credit Union has branched out in Deschutes County. The Portland, Ore.-based credit union's three new branches will create 26 jobs for the Bend and Redmond communities.

  • InvestTex CU Branches Into Houston

    InvesTex Credit Union recently broke ground on a new branch in the Houston Heights area to relocate current operations from its North Loop 610 West location.

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