Commodore Perry Federal Credit Union of Oak Harbor, Ohio, is awaiting a ruling from the NCUA’s Supervisory Review Committee regarding an exam appeal that alleges that an NCUA examiner harassed employees and retaliated against the credit union after it complained.
Despite shedding jobs, cutting pay, trimming benefits, curbing services and expanding the tax base, the state of Rhode Island is in deep financial trouble, and credit unions there are doing their best to stay afloat.
Jeff Marshall typically starts his days early at the Mystic Shipyard, a 169-year old marina with a history steeped in the construction of schooners and iron-clad ships to sail the waterways of New England.
A deal announced last week between the Harvard Alumni Association and the 31,000-member $409 million Harvard University Employees Credit Union has guaranteed that at least 4,500 alumni of the university will carry the credit union’s credit card.
With just 13% of credit unions offering their employees defined-benefit plans, is a shift underway that could potentially open up the window for employers to increase participation?
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.
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.
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.
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?
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...
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...
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.
The presidential debate last week demonstrated how important communication skills are. President Obama is generally thought of as a well-spoken man.
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.
ATLANTIC CITY, NJ — Two credit union political stalwarts went head-to-head regarding the upcoming political elections and issues at the NCUA.
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.
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...
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.”
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.”
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...
In 10 to 15 years, the majority of the senior management team at your credit union will retire. Then what?
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...
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 Insurance Services, a division of Connex Credit Union, announced it recently purchased CPM Insurance Services.
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 Federal Credit Union, Kingston, N.Y., announced the promotion of Wayne Winkler to president/CEO. Winkler was named Acting CEO in April of 2012.
The article on page 3 in the Sept. 26 issue [“Portfolios Can Gum Up the Merger Works”] did the industry a service by pointing out oft overlooked difficulties in merging credit card programs in an overall credit union merger.
Hirings, retirements, promotions