Credit Union Times Magazine September-02, 2009

Mica Stepping Down as of January 2011

By Claude R. Marx

CUNA President/CEO Dan Mica, who has led the organization during several key political fights for the credit union movement and through difficult economic times

Life in the Fast Lane: American First CU Takes Exotic Car Borrowers to Court

By Heather Anderson

The $627 million American First Credit Union is suing to recover against at least two members who have defaulted on exotic car loans,

CUs Foreclosing on Fewer Homes Than Banks and Not as Quickly

By David Morrison

In general, credit unions appear to be foreclosing on a smaller percentage of their mortgage loans than other financial institutions and

SBA Woos Credit Unions With Fresh Round of Micro Loan Funds

By Michelle A. Samaad

With just two credit unions enrolled in its micro loan program, the SBA said it is doing all it can to boost the industry's numbers and

Patent Dispute Introduces Another Vendor to CU Card Security Market

By David Morrison

A challenge to PSCU Financial Services' claim for a new card security technology has brought another card security vendor to the attention of credit unions.

Gonzalez Case Demonstrates Legal Challenges in Hacking Cases

By David Morrison

Computer security experts around the country are watching the first prosecution of Albert Gonzalez closely,

FHLB Axes Some CMG MI Loans

By David Morrison

Both CMG Mortgage Insurance and the Federal Home Loan Bank of Boston

Merger Awaits Vote, Reg. Approvals

By David Morrison

Members of the $53 million KV Federal Credit Union have begun mailing in their ballots that will determine the future of their institution.

Trades Seeking Legislative Fix on CARD Act

By Claude R. Marx

Receiving no help from the Federal Reserve, CUNA and NAFCU are pinning their hopes

Wings Financial Applies for State Charter to Combat Airline Unemployment

By Michelle A. Samaad

Concerned with a dramatic drop in employment in the air transportation industry,

'Invest' Adds RVs

By Jim Rubenstein

CUcorp., the marketing subsidiary of the Michigan Credit Union League,

Navy Federal's Dawson Discusses State of Movement and State of His CU

By Claude R. Marx

VIENNA, Va. - In light of the tumultuous state of the economy and the challenges to the credit union movement, Credit Union Times recently spoke to Navy Federal Credit Union President/CEO Cutler Dawson in his office.

International CU Regulators' Roundtable Tackles Global Standards

By Heather Anderson

Internationalization of financial system regulations is a trend that will include credit unions, said Dave Grace, World Council of Credit Unions vice president of association services.

Dealing With the Ugly: CUs Need Active Approach to Negative Feedback

By Myriam DiGiovanni

Welcome to the darker side of social media where the conversations turn less friendly, more confrontational and in some cases can feel like a never-ending assault.

Pilcher's Search 101 Basics:

It's really hard to give a blanket protocol for monitoring yourself online.

IRS Reminds Volunteers, VITA Participants of Compensation Rules

By Michelle A. Samaad

After recently receiving questions about the rules on how volunteers are paid i

Trades Praise Reg on Second Mortgages but Give Premium Regs Mixed Reviews

By Claude R. Marx

CUNA and NAFCU both praised a proposed NCUA rule allowing more flexibility to FCUs that participate in the Obama administration's program for rewriting and refinancing certain mortgages.

HarborOne CU's Multicultural Center Net CU National Credit Union Foundation's Herb Wegner

By Claude R. Marx

An effort by the $1.8 billion HarborOne Credit Union to serve underserved and immigrant communities

Think Tank CEO Urges Credit Unions to Take On the Big Banks

Rich Weissman, president/CEO of DMA Institute Think Tank,

Credit Union Times Is Now on Facebook.

In addition to our Twitter page, twitter.com/CookeonCUs, we've expanded our social media presence to now include Facebook.

Mutual Savings Court Case Delayed

The $194 million Mutual Savings Credit Union's original August 24 court date to challenge its conservatorship has been delayed.

Shout it Out: We're Here to Serve and Educate

By Lindsey Siegriest

From time to time there are occasions where credit unions pop up in my personal life. One of those occasions was just the other day.

You Need to Be Well-Armed and Well-Informed in the Fight Against Fraud

No doubt about it. Fighting fraud is tough. But there is good news:

Consumers Rely on Freeware as Online Security Concerns Rise

By Marc Rapport

Credit unions know that along with providing online services comes growing concern for their members for

More CUs Plan Mobile Banking Adoption but Proceeding With Caution

By Lindsey Siegriest

Credit unions are taking a step out of the dark ages and increasingly looking to adopt new technological services,

CUNA Tech Council Honors CU Innovators

By Marc Rapport

Four credit unions were named winners of the 2009 CUNA Technology Council's best practices awards

Many Lessons Can Be Learned From the Heartland Data Breach

There is always something to be learned from adverse circumstances, and the Heartland data breach is certainly no exception.

Two CUs Cut Costs and Increase Security With Automated Verification Systems

By Lindsey Siegriest

In a time when cost cutting and efficiency are on the top of most credit unions' list, two credit unions

Mica Stepping Down but Don't Count Him Out

By Sarah Snell Cooke

CUNA President/CEO Dan Mica brought CUNA a certain level of stature that the credit union community really hadn't seen before.

Tierney Wins NASCUS Award for Leading Battle vs. UBIT

By Claude R. Marx

BOSTON -- Community First Credit Union President/CEO Cathie Tierney,

Hyland Says MBL Increase Should Be Gradual; Hood Gives Final Speech

By Claude R. Marx

BOSTON -- Saying credit unions should crawl before they walk,

Mortgage Expert Urges CUs to Be Aggressive; Regulation Expert Explains New Rules

By Claude R. Marx

BOSTON -- Just trying to survive and hoping for the best aren't strategies for getting a bigger share of the mortgage market;

NASCUS Leadership to Focus on Dual Charter, Reg Reform and Capital Issues

By Claude R. Marx

BOSTON - Working with Congress to ensure that regulatory restructuring preserves the dual chartering system and trying to find consensus on the issue of supplemental capital

Panel Discusses Future of Credit Unions

By Claude R. Marx

BOSTON - Despite the rough patch that the credit union movement has faced, its future is bright if it makes some changes to its structure and seizes opportunities.

Tennessee CU CEO Feels Fortunate in Tough Times

By Eileen Courter

The economy in middle Tennessee is struggling with some tough times, and Ascend Federal Credit Union in Tullahoma is seeing more foreclosures than ever.