Credit Union Times Magazine October 23, 2013

Featured Story

Front Page News

  • Watch for HOEPA Triggers

    Credit unions should train employees to look for triggers that would require disclosures and terms mandated by the Home Ownership and Equity Protection Act, said presenters Oct. 16 during a CUNA Mutual webinar.

  • Debt Deals Spares Credit Unions

    A last-minute deal that avoided a federal default spared credit unions from having to re-evaluate U.S. Treasury bond values on their books, a calculation other financial institutions had begun to make.


Editor-in-Chief's Column



  • Member Confidence Drives Auto Loan Growth: CUNA Mutual

    A combination of increasing consumer confidence and less-aggressive financing incentives from manufacturers continue to help credit unions grow their vehicle loan portfolios.

  • $300M Boosts First Data Rating

    At least one ratings agency has approved a move by private equity firm KKR & Co. and other investors to inject another $300 million into First Data Corp., a major payments processing firm used by both credit unions and banks.

  • NCUA Collects 11 Tons for Food Drive

    The NCUA on said Oct. 15 its donations to an annual federal employee food drive increased nearly ten-fold from last year.

  • Proposed Rule Boosts Private Flood Insurance

    Federal banking regulators, including the NCUA, are proposing a rule aimed at encouraging flood insurance customers to buy private flood insurance. The rule is mandated by the Biggert-Waters Act of 2012.

  • Mortgage Preapprovals Can Give CUs an Edge

    The top 25 mortgage lenders recently reported only 29,912 preapprovals resulted in mortgages used in a home purchase in 2012, according to data from the Federal Financial Institutions Examinations Council. That figure is down from 101,626 in 2007.

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