Credit Union Times Magazine September 5, 2012

Featured Story

  • ROA in Washington State Proves to Be Evergreen

    Washington credit unions took a hit to capital during the corporate credit union and financial crisis like everyone else, but it hit them harder because they had lower aggregate capital to begin with. Thankfully, the aptly named Evergreen State credit unions also have return on assets that has remained higher...

Front Page News

  • Auto Lending Portfolios Want to Grow

    Jim Adamczyk can remember receiving an increase in calls from banks interested in FAIRWINDS Credit Union’s auto loan portfolio. That was as recent as 2010, said Adamczyk, executive vice president of lending, for the $1.7 billion cooperative in Orlando, Fla.

  • Republican Convention Seats Two CU CEOs

    Credit union events at the Republican National Convention happened outside the walls of the Tampa Bay Times Forum last week, but two credit union CEOs were among those inside the convention, listening to the speeches and roll call.

News

Editor-in-Chief's Column

  • Editor’s Column: Credit Unions’ True Colors Bleed Through

    As Credit Union Times was going to press last week, Hurricane Isaac was bearing down on the Mississippi Gulf area. We are hopeful that credit unions and their employees stay hunkered down and safe through this stressful time. Like the rest of the country, we’re awaiting reports back from colleagues,...

Opinion

  • Guest Opinion: Multi-Featured Lending Not Complicated

    Multi-featured lending has been a hot topic since changes to Reg Z’s open-end rules were announced in 2009. The most recent development is the NCUA’s July 2012 letter to federal credit unions, 12-FCU-02, and accompanying supervisory letter to examiners.

  • Cooperative Trust: How You Say It As Important as What

    I hear it a lot. As an I.T. guy, it’s easy to see how tech-speak can turn even a highly educated executive into any other befuddled end-user. If someone’s not familiar with what you do, the terms used to describe your work might be useless or, even worse, cause more...

  • Guest Opinion: Congress Must Act to Boost Recovery

    Congress has two opportunities this year to reach back to the Main Street voters who elected them. Neither costs taxpayers a dime. Two bills would enable credit unions to provide affordable capital to consumers and to small businesses. It makes sense, then, for Congress to act this year to enact...

News Briefs

  • SafeAmerica Appoints Barry Roach CEO

    SafeAmerica Credit Union Board announced that Barry Roach will be its new president/CEO. Roach was previously the vice president of retail delivery at Meriwest Credit Union, based in San Jose, Calif.

  • Northwest FCU Names Chris McDonald CEO

    Northwest Federal Credit Union announced the selection of Chris McDonald as the successor CEO to Gerrianne D. Burks, who will retire in mid January after a 41-year career at the Herdon, Va., credit union.

  • Neighborhood Mortgage Taps Wischmeyer for CEO

    Neighborhood Mortgage Solutions LLC announced the appoint of Greg Wischmeyer as CEO. Wischmeyer comes to NMS with over 30 years of experience in the lending market. He will lead a team of mortgage professionals from the CUSO’s home office located in Frankenmuth, Mich.

  • Big Ticket Card From Coastal FCU

    Coastal Federal Credit Union has launched a credit card aimed at helping members finance purchases of big ticket items such as appliances and furniture.

  • IRS Advice on Tax-Exemption Snafu

    Credit unions that received a notice from the IRS informing them that their tax-exempt status had been revoked due to improper filing now have specific instructions on how to have it restored.

  • Voter Guide Offered by N.Y. League

    The Credit Union Association of New York has created an online resource center to assist credit union professionals, volunteers and members in identifying candidates that are and have been supportive of credit union issues.

  • In Memoriam: Volunteer Donald Gallant

    Catholic Federal Credit Union, Saginaw, Mich., lost its longest serving volunteer when Donald Gallant passed away Aug. 19. Gallant served on Catholic Federal’s board of directors from Nov. 7, 1969 until his death. He served as chairman, vice-chairman, treasurer and secretary. For all of his years of volunteer service, the...

Focus Report

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