Credit Union Times Magazine September-23, 2009

Credit Unions Receive Scant Attention at CRA Hearing

By Claude R. Marx

Although credit unions could be included in legislation to expand the scope of the Community Reinvestment Act,

NCUA Town Hall Produces Honest Talk

By Sarah Snell Cooke

CLAYTON, Mo. -- NCUA outlined its thinking for a new corporate credit union regulatory framework, while at the same time asking credit unions to keep their deposits in corporates.

Overdrafts Return To Congress

By Claude R. Marx

As if credit unions don't have enough to worry about with the possibility of the creation of a new regulatory agency,

Governance Disputes Return to PSFCU

By David Morrison

After a period of relative peace, it appears the board of the $1.23 billion Polish and Slavic Federal Credit Union has again begun to feud.

How Will Corporates' Bonds Perform?

By Heather Anderson

Now that U.S. Central Federal Credit Union has released its 2008 audit, members can begin their own audit process and finally close the books on

Propping Up the Weak: Debate on NCUA Merger Policy Emerges After California Roundtable

By Jim Rubenstein

The views of some California CEOs on a host of NCUA policies including mergers, prompt corrective action and risk management is generating some lively dialogue.

Intuit Continues Shopping Spree With Online Provider Mint.Com Buy

By Michelle A. Samaad

Marking its second major buy over the past few months, Intuit Inc. said it will purchase online personal finance provider Mint.com in a cash transaction worth approximately $170 million.

U.S. Central Audit Release Causes Confusion-and Member Consternation

By Heather Anderson

The NCUA-managed U.S. Central Federal Credit Union released its 2008 audit late in the afternoon on Sept. 11 as NCUA Chairman Debbie Matz

No IRS Appeal on UBIT

In a key victory for credit unions, the Internal Revenue Service let last week's deadline for appealing the verdict against

Brutal Economy Leads Nevada Regulator to Issue Informal Desist Orders

By Jim Rubenstein

Nevada credit unions were girding for more bad news this fall as regulators began to clamp down on balance sheet calamities

Skimmers and ID Thieves Plead Guilty

By David Morrison

Federal law enforcement authorities on both coasts struck blows against both ATM skimming and credit card identity theft last week

Flat Stanley Has a Credit Union Competitor

By Lindsey Siegriest

Tempe Schools Credit Union is sending its newest credit union employee to travel the country in hopes of spreading credit union awareness.

Fryzel Reflects on His Tenure and Rues the Loss of 'Mr. Chairman'

By Claude R. Marx

ALEXANDRIA, Va. -- NCUA Board Member Michael Fryzel recently completed 13 months as board chairman during a tumultuous time for the economy

Calif. League Chair Defends Cheney's Half-Million Dollar Paycheck

By Heather Anderson

Bill Cheney, president/CEO of the California and Nevada Credit Union Leagues, received $545,178 in salary and benefits

State League Says Georgia Credit Unions Continue to Beat Banks

By Michelle A. Samaad

Credit unions in Georgia continue to outpace banks with lower interest rates on loans and credit cards and fewer fees.

Charges and Countercharges Fly on Mutual CU Takeover

By Jim Rubenstein

The dispute arising over an unusual court challenge of a politically charged conservatorship

Court Grants Texans Insurance CUSO Bankruptcy Relief

By Michelle A. Samaad

A court has approved all of the motions requested after Texans CUSO Insurance Group LLC filed for Chapter 11 bankruptcy

NAFCU Features Regulators and Lawmakers

All three NCUA Board members, several other regulators and key lawmakers on issues related to credit unions

Sports Authority Joins CU

Sooper Credit Union's newest select employee group is retail giant Sports Authority,

You May Never Want to Leave: CEOs Share Their CU Journeys

By Lindsey Siegriest

Nowadays it's rare when an employee spends his or her whole career at one company. For credit unions, it just another aspect of the industry that sets it apart from the rest.

Branching Out

Mountain America Credit Union, Salt Lake City, opened its newest branch in West Jordan and celebrated with a grand opening.

CUES to Launch Online Resource That Will Blend Theory and Experience

By Myriam DiGiovanni

The Credit Union Executives Society has unveiled plans to provide credit union boards a one-stop online resource.

Chairmen's Group to Meet in Oct.

Given the economic turmoil and challenges of the past year, there's bound to be plenty to discuss at this year's 33rd annual

How to Get the Board Members You Want and Your Credit Union Needs

There are many great credit union boards in our movement today. However, a number of board directors have privately complained to me

Wright Patman Names Chairman

Wright Patman Congressional Federal Credit Union announced the election of James Kaelin as chairman of its board.

CUs Need to Mobilize as Furiously as Lawmakers

By Sarah Snell Cooke

It's September. Kids are back in school, Congress and NCUA are back in session, and the weather here can't make up its mind.

Say No to Overdraft Fees Because Courtesy Pay Does Not Encourage Thrift

Is "courtesy pay" really a courtesy? As long as I have been in credit unions, conventional wisdom has said there are only two reasons to charge a fee:

An Early Halloween: Goblins of Past Legislative Reforms Haunt NAFCU

As we gather for NAFCU's 2009 Congressional Caucus, it seems that many ghosts of legislative reforms past are coming back to haunt us.

Quotes Worth Quoting

"It is neither right nor responsible after you've recovered with the help of your government

People

NORTH - Finger Lakes Federal Credit Union, Geneva, N.Y.,

Two N.Y. Leaders Pass

The New York credit union community is mourning the death of two longtime leaders-Alfred J. Mariani and Richard K. Moore.