Credit Union Times Magazine September 4, 2013
In briefs filed August 28, all parties to a recent decision overturning the Federal Reserve’s debit interchange regulation urged U.S. District Court Judge Richard Leon to leave it in place until further appeals of his July 31 decision are exhausted.
Richard Simonton, who has served as president/CEO of AOD Federal Credit Union for nine months, told Credit Union Times he is not sure why the cooperative’s board of directors denied his request for a commitment for future employment.
Front Page News
If the three largest state-chartered credit unions in California were to convert to federal charters, the state’s regulator would lose $1.7 million of its $7.2 million budget, leaving small and midsize state-chartered credit unions to subsidize that loss.
Members in Alaska, Michigan and Oregon may have an edge over others when it comes to shopping for a vehicle.
More loans. It’s the battle cry of almost every credit union in America, if not all of them.
The NCUA won a big legal victory Aug. 27 when the U.S. 10th Circuit Court of Appeals in Denver ruled the regulator can proceed with its claims against Wall Street firms over mortgage backed securities sold to the failed U.S. Central Federal Credit Union.
The view of the credit union landscape from CUNA Mutual Group Senior Communication Specialist Holly Fearing’s perspective is awe-inspiring.
There are plenty of credit unions that offer financial programs for children, but the $1 billion Meriwest Credit Union in San Jose, Calif., found a way to literally have kids rolling in the dough.
She was only 7 years old, but Lynette Smith remembers watching the historic March on Washington on television on Aug. 28, 1963, with her family.
The NCUA announced Aug. 28 that 126 low-income credit unions are sharing $871,597 from the agency’s 2013 Community Development Revolving Loan Fund’s grant round.
The NCUA approved 23 mergers in July in 18 states, bringing the total number of approved mergers to 155 for 2013.
Imagine racing to your credit union’s ATM machine for cash before having to catch a flight and realizing you don’t have your debit card.
It’s estimated that consumers spend at least two days per year waiting in line for services at retail environments. This cross-market frustration, spurred on by the preferences of the Gen Y consumer, is leading credit unions to transform branch operations, with an emphasis on providing interactive, self-service options.
We continue to address foundational ways to increase leadership capacity by focusing on mission, ethics and values and innovation. Combined with effective strategic communication, leaders establish trust, engagement, accountability and collaboration with employees and build strong relationships with customers and members.
Letters to the editor
Do you remember when Burger King extolled the size of its hamburgers with the jingle, “The bigger the burger the better the burger, the burgers are bigger at Burger King?”
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