Credit Union Times Magazine October 10, 2012

Featured Story

Front Page News

News

  • Post-Boomers Wait Not So Patiently for Corner Offices

    A recent CUNA survey found that one in five credit union CEOs will have retired by the end of 2012, causing board members sleepless nights wondering who will take the reins.

  • ADA Violations Alleged at Seven Credit Unions

    A Pittsburgh attorney, on behalf of three blind clients, has sued seven credit unions and several more banks, claiming their ATMs don’t comply with the Americans with Disabilities Act’s standards for accessible design.

  • Social Media: Marketing From the Inside Out

    Many small businesses, including credit unions, are quickly discovering that successful social media marketing takes more than knowing how to send a tweet. It entails devising a plan that fits into an overall strategy.

  • Local Governments Woo Credit Unions as Banks Cry Foul

    At a time when it’s difficult to convert deposits to loans, does it make sense to open the door to an additional flow of money into a credit union?

  • Take Enterprise Risk Management Out of the Silos

    WASHINGTON — Risk management used to rely upon a silo approach, with managers or committees managing risks only within their designated areas of responsibility, enterprise risk management consultant Marcus Faust told CUERM trainees Oct. 2 at the Capital Hilton. Faust works for RP Financial, an Arlington, Va.-based financial services consulting...

  • Risks Assessment Must Include Capital

    WASHINGTON — Risk assessments that don’t include capital are incomplete, Fiserv’s Orlando Hanselman told his CU Enterprise Risk Management audience Oct. 2 at the aptly spelled Capital Hilton. Hanselman, education programs director for Fiserv’s risk and compliance unit, added that these days, the only true measurement of capital adequacy is...

  • Gen Y Back Talk: Posting With a Purpose

    Social media plays a dominant role in Gen Y’s personal and professional lives. Between Facebook, Twitter, Instagram, Foursquare and Pinterest (and I’m sure I left out a few), it’s sometimes hard to understand how young adults have time for anything else.

Editor-in-Chief's Column

On-Site Conference Coverage

  • CFPB and NCUA Are Focused on Lending

    ATLANTIC CITY, NJ — The Consumer Financial Protection Bureau is churning out regulations. The question, according to Rob Rutkowski who’s a partner in the law firm of Weinberg & Reis Co. LPA, is whether credit unions are ready for compliance.

  • Political Toe to Toe at N.J. League Meeting

    ATLANTIC CITY, NJ — Two credit union political stalwarts went head-to-head regarding the upcoming political elections and issues at the NCUA.

  • Be Easy, Consultant Urges

    ATLANTIC CITY, N.J. — Following a sales-service philosophy is becoming increasingly important to implementing new revenue strategies for credit unions, Jeff Rendel, president of Rising Above Enterprises, advised attendees of the New Jersey Credit Union League’s Annual Conference last week.

  • NCUA Examiners Look at the Bigger Picture

    WASHINGTON — The financial services industry is a risk-taking industry, NCUA Deputy Director of the Office of Examination and Insurance Tim Segerson told CU Enterprise Risk Management trainees during a lunch speaking slot Oct. 1 at the Capital Hilton. Credit unions that don’t take risk earn less income, which makes...

Opinion

  • We are Our Biggest Competitors: Guest Opinion

    What is competition? According to the Business Dictionary it is, “a rivalry in which every seller tries to get what other sellers are seeking at the same time; sales, profit and market share by offering the best practicable combination of price, quality and service.”

  • Guest Opinion: Healthy Rivalry Drives Loyalty

    Competition is one the cornerstones of the business and economic world. Merriam-Webster defines competition “as the efforts of two or more parties acting independently to secure the business of a third party by offering the most favorable terms.”

  • The More Things Change ... : Guest Opinion

    It's presidential election season again, which means that with the predictability of a Lindsay Lohan arrest we are once again being told that we are on the eve of the election to end all elections. The political equivalent of the Thrilla in Manila; Voldemort vs. Harry Potter; the decisive battle...

  • Cooperative Trust: Gen Y Must Join the Fight

    In 10 to 15 years, the majority of the senior management team at your credit union will retire. Then what?

News Briefs

  • Alaska USA FCU Unit Buys Insurance Broker

    Alaska USA Insurance Brokers has acquired the book of business of Anchorage-based Rentschler Insurance Agency. RIA’s operations were integrated into Alaska USA Insurance Brokers, effective Sept. 1. “RIA clients will not be impacted by the change in regards to policies, terms or conditions,” said Timothy Maudsley, president of Alaska USA...

  • Wisconsin Credit Union Makes Bid for Savings Bank

    The $2 billion Landmark Credit Union of New Berlin, Wis., has filed applications with federal and state regulators to buy the $190 million Hartford Savings Bank, a state-chartered mutual savings bank in Hartford, Wis.

  • Connex CU Buys CPM Insurance

    Connex Insurance Services, a division of Connex Credit Union, announced it recently purchased CPM Insurance Services.

  • Web Marketing Group Fetes Two CUs

    The $3 billion Mountain America Credit Union of West Jordan, Utah, and the $915 million Unitus Community Credit Union of Portland, Ore., have received “Outstanding Website” awards from the Web Marketing Association.

  • Mid-Hudson Valley Names Wayne Winkler CEO

    Mid-Hudson Valley Federal Credit Union, Kingston, N.Y., announced the promotion of Wayne Winkler to president/CEO. Winkler was named Acting CEO in April of 2012.

Letters to the editor

People

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