Credit Union Times Magazine October 9, 2013

Featured Story

  • Studies Conflict On Interchange

    Merchants and card issuers released separate studies Oct. 1 that made contradictory claims regarding the effect the Durbin Amendment’s interchange cap has had on consumers. The groups timed their releases to coincide with the two-year anniversary of cap’s effective date.

  • Credit Unions Dispense Obamacare Assistance

    Since announcing their alliance with CoOportunity Health in June, the Iowa and Nebraska Credit Union Leagues have been training and educating credit unions about what the Patient Protection and Affordable Care Act means for members.

Front Page News

  • Visa Security Summit Focuses on Opportunities

    WASHINGTON—Executives attending Visa’s Oct. 2 Global Security Summit here were told by speakers that increased data security at large retail firms and data processors have forced many thieves move on from seeking big data breaches and compromises. However, the presenters also pointed out that every new app, website, mobile...

  • IT Budgeting Tips From the Front Lines

    During the information technology budgeting process, experts say expensive mistakes include cutting corners on security, splurging on ineffective new tech tools and not aligning future technology investments with existing strategy.


Editor-in-Chief's Column



  • Learn From Banks’ Online Mistakes With Older Members: Guest Opinion

    During a recent evaluation of a group of banks on customer effort levels required to interact in areas like branch banking, mobile websites, customer assistance and online banking, the results showed that the 45 to 65 age group, the most frequent bankers exerted the most effort to bank online.

  • Measuring the Loyalty Effect: Guest Opinion

    Lenders are always challenged with finding innovative ways to grow their portfolios. As the appeal of broad-market direct marketing dwindles in our highly competitive marketplace, lending institutions are moving to more-targeted acquisition strategies by leveraging a deeper understanding of a member’s lifetime value.

Letters to the editor


  • CFO Pay Increases: BDO Survey

    Average compensation for CFOs jumped 18% from 2011 to 2012 at financial institutions with assets of $25 million to $2 billion, according to an analysis by Chicago-based accounting and consulting firm BDO USA.

  • WOCCU Urges Basel AML Clarity

    The World Council of Credit Unions urged the Basel Committee on Banking Supervision to strive for greater clarity in its recent “Sound Management of Risk Related to Money Laundering and Financing of Terrorism” consultative document. The Basel Committee’s AML rules are one of the international standards that influence U.S. credit unions’...

  • Credit Union CD Yields 44% Higher Than Banks’

    Credit unions are trumping banks when it comes to average certificate rates, according to a new study. Rates on $10,000 certificates are 44% higher at credit unions than at banks, said the Los Angeles-based personal banking website.

  • NCUA Still Analyzing Mortgage Risk

    Tim Segerson, deputy director in the NCUA’s Office of Examination and Insurance, told executives attending the American Credit Union Mortgage Association conference in Las Vegas Sept. 25 the agency continues to explore how credit unions can mitigate real estate loan risk.

  • Compliance Veep Van Beek Leaves NAFCU

    Steven Van Beek has left NAFCU to join the law practice of Howard & Howard at the firm’s office in the Detroit suburb of Royal Oak, Mich.


  • People in the News

    The $400 million First Heritage Federal Credit Union in Painted Post, N.Y. announced that Justin Michael Dildine has joined as a commercial loan officer. He will be responsible for developing new business banking relationships, including commercial lending, within the credit union’s three-county market area. Before joining First Heritage, Dildine was...

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