Credit Union Times Magazine September 11, 2013

Featured Story

  • Fed Says Leon Overvalued Durbin in Interchange Decision

    The Federal Reserve may appeal U.S. District Court Judge Richard Leon’s interchange debit decision by arguing the judge gave undue weight to opinions of Senator Richard Durbin (D-Ill.) when evaluating the regulation.

  • CEO Gone, Now What?

    The credit union industry has been rocked by unexpected leadership changes recently, including Kyle Markland, who resigned Aug. 30 as president/CEO of the $1.6 billion Affinity Plus Federal Credit Union in St. Paul, Minn., after 16 years at the helm (see story, page 17), and Harry Ovitt, who was killed...

Front Page News


Editor-in-Chief's Column

  • I Smell Burning Pants … Again

    Many years ago, I learned deceit doesn’t pay. Not for me, at least. I’m a what-you-see-is-what-you-get kind of person. That straightforward quality makes me a great reporter, but I’d be a lousy politician. I can’t lie to save my life—just ask my mother, or all the traffic cops who have...





  • Markland's Exit Puzzles Affinity Plus Interim

    After 16 years, Kyle Markland suddenly resigned as president/CEO from the $1.6 billion Affinity Plus Federal Credit Union on Aug. 28. Markland took the helm of the St. Paul, Minn.-based credit union in December 1997.

  • NCUA Files Another MBS Fraud Suit

    The NCUA announced Aug. 30 it filed a suit in Federal District Court in Kansas two weeks earlier against another Wall Street firm that the regulator said sold faulty mortgage-backed securities to failed corporates U.S. Central Federal Credit Union and Western Corporate Federal Credit Union.

  • Former CU Accountant Heading to Prison

    A former assistant accountant for the $60 million WesTex Federal Credit Union in Lubbock, Texas, will spend 37 months behind bars and pay restitution of $690,000 for embezzling an estimated $500,000 from a branch of the credit union.


  • People in the News

    The $861 million, 59,000-member CFCU Community Credit Union of Ithaca, N.Y., recently announced the selection of Jim Struble as the organization’s new vice president of sales and service. Struble has spent the last five years at the $635 million, 50,000-member Mayo Employees FCU in Rochester, Minn., where he most recently...

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