Credit Union Times Magazine October 3, 2012

Featured Story

Front Page News

  • Bank Transfer Day: Year Later, Relationships Blossom

    For many credit unions, the first 90 days after a new member signs on can be a critical gauge on whether a relationship can be nurtured and sustained for the long term.

  • Vigilance Urged on Scams

    From rings of alleged thieves working together with an auto dealership and a police officer to get loans to buy cars to an equity skimming scheme used to buy luxury items, over the past few months, credit unions have been bilked in cases that end up costing millions of dollars...

News

Editor-in-Chief's Column

  • Behind Great Women and Great Men

    The saying goes, “Behind every great man is a great good woman.” Undoubtedly true our female readers will agree and most of the men when they receive the head-cocked, one eyebrow arched, steely-eyed glare from their female colleagues, mothers, sisters or significant others. You know the one.

  • Adapting to a Digital Self-Service Model

    Credit union members are increasingly demanding more online interaction from their institutions. The request is forcing credit unions to adjust websites and self-service portals to accommodate members.

People Feature

On-Site Conference Coverage

  • Optimism on Mortgages Competes With Caution

    LAS VEGAS — Credit union executives attending the annual meeting of the American Credit Union Mortgage Association received a mixture of optimism from credit union CEOs about the future of credit union housing finance and caution from a leading economist about the overall economy and the housing market.

  • Consumer Bureau, Secondary Market Overshadow Meeting

    LAS VEGAS — While the first day of the American Credit Union Mortgage Association’s 16th annual conference featured optimism about credit union housing finance amid an uncertain economy, the second day was overshadowed by concerns about regulatory changes and secondary-market uncertainty.

Tech Bytes

  • Harland Add Ons

    Harland Financial Solutions is continuing to add to its payments services, this time adding cards and a new bill presentment and pay offering.

  • VSoft in Viewpointe Net

    VSoft Corp. has joined the Viewpointe network, offering hundreds of credit unions more options exchanging and settling payment items, the companies said.

  • CUtopia’s Core List

    Five more small credit unions have committed to the cloud-based OASys core processing system from CUtopia, according to the division of Worldwide Interactive Services LLC in Orlando, Fla.

  • MIDFLORIDA Commits

    Fiserv Inc. said the $1.7 billion MIDFLORIDA Credit Union plans to convert to Fiserv Inc.’s flagship Acumen account processing platform.

  • ECM at Mich. First

    Millennial Vision Inc. of Salt Lake City has won a commitment from the $624 million Michigan First Credit Union in the Detroit suburb of Lathrup Village for a new electronic document management software system.

  • MeridianLink Picked

    A new integrated account opening and loan origination solution will be deployed by the $5.5 billion American Airlines Federal Credit Union in Fort Worth, Texas.

  • Insight Adds RDC

    The 55,000 members of the $454 million Insight Credit Union in Orlando, Fla., are now being offered remote deposit capture for their smartphones.

  • Calif. CU Taps Jwaala

    Jwaala said the $1.4 billion 111,400-member Schools Financial Credit Union in Sacramento, Calif., plans to convert to a new online banking platform from the Austin, Texas-based technology firm.

  • Sharetec Conversion

    Bradford-Scott Data Corp. said it will be converting the $46 million Mid-Illini Credit Union in Bloomington, Ill., to the Sharetec core processing system.

Letters to the editor

  • Much Work Remains to Be Done for Underserved

    The recently released report on unbanked and underbanked households by the Federal Deposit Insurance Corporation should be yet another wake-up call for financial institutions across this country and especially credit unions.

Opinion

  • Supporting Small Businesses

    Over the last two decades, small and new businesses have been responsible for creating two out of every three net new jobs in the U.S., and the country’s 28 million small firms today employ 60 million Americans–half of the private-sector workforce.

News Briefs

  • Marketing Awards

    NAFCU has expanded its 2013 marketing awards program to include three asset size groups, giving NAFCU-member credit unions a greater chance to be recognized.

  • CUES Names Top Finalists

    Credit union executives from three countries and three states comprise the five finalists for the Next Top Credit Union Exec award from CUES.

  • First City CU Questions Fraud Charges on Loss

    If former California State Assemblyman Carl Washington defrauded the $492 million First City Credit Union, President/CEO Terry O’Steen isn’t aware of it.

  • NAFCU Urges Exam Manual Release

    NAFCU last week released a letter that President/CEO Fred Becker sent to NCUA Board members, supporting recommendations the agency’s Office of Inspector General made in an Aug. 31 report to improve the examination and complaint processes for small credit unions.

  • EMV Resource

    Card Services for Credit Unions recently announced the launch of its EMV Essentials website, an educational resource for credit unions to learn more about the transition to EMV in the United States.

  • LANCO Names New CEO

    LANCO Federal Credit Union’s board of directors has announced the promotion of Stacey Remick to president/CEO. Remick has been with the Lancaster, Pa.-based LANCO for nine years, most recently serving as the vice president of member services.

In Memoriam

Other

Focus Report

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