Credit Union Times Magazine September 7, 2011

New Tools to Foil First-Party Fraud

By Natasha Chilingerian

First-party fraud–accessing credit services with no intention of repayment–is a significant concern for credit unions and other financial institutions. And its prevention calls for a new strategy, according to Costa Mesa, Calif.-based credit reporting agency Experian.

Offsets May Overshadow Growth

By Michelle A. Samaad

When it comes to loan originations, it appears credit unions are seeing a glimmer of hope in their portfolios.

Bonds Panel to be Created by NCUA

By David Morrison

The NCUA board decided that keeping track of the bonds it has issued as part of the corporate stabilization effort has grown so complex that the agency has decided to hire a committee to oversee it.

St. Paul Croatian Claim Denied by CUMIS

By Michelle A. Samaad

Nearly a year after the NCUA filed a proof of loss claim to recover alleged monetary damages connected to the collapse of St. Paul Croatian FCU, the CUMIS Insurance Society has denied it.

ABA, CUs Weigh In On New CUSO Regs

By Michelle A. Samaad

Of the nearly 70 comment letters the NCUA has received so far in reaction to its proposed amendments to the CUSO rule, it’s no surprise that the majority are opposing the measure.

Kiva New Orleans, ASI FCU Team Up to Rebuild a Ravaged City

By David Morrison

Kiva.org, the online organization that allows individuals to invest in development micro-loans around the world, has chosen a community development credit union as its field partner for its micro-lending effort in New Orleans.

Md./D.C League Hires CEO

By Jim Rubenstein

The Maryland and D.C. Credit Union Association has hired an Illinois credit union executive to take over as CEO in October.

Never-to-Be-Forgotten Memories From 9/11/01

By Sarah Snell Cooke

Every American will remember precisely what we were doing on Sept. 11, 2001. I was four months pregnant and Credit Union Times senior Washington reporter at the time. That was the day Credit Union House was scheduled to open, and I was getting ready to cover the grand opening celebration.

Nathan Muniz Seeks to Prove That All Politics Are Local

By Myriam DiGiovanni

For Nathan Muniz, government relations and public relations manager at PSECU, the continued vitality of the credit union industry rests in activism and the legislative process.

Candidate Rick Perry to Speak to Iowa CUs

By Michelle A. Samaad

Republican presidential candidate and Texas Gov. Rick Perry will speak at the Iowa Credit Union Convention Sept. 16.

Navy Federal Opens Mesa Walmart Branch

By Marc Rapport

A Walmart shopping center in Mesa, Ariz., is home to the $44 billion Navy Federal Credit Union’s newest branch.

Mark Curran Is New CEO at Lion's Share FCU

By Myriam DiGiovanni

There’s a new president/CEO at Lion’s Share Federal Credit Union.

Thumbs Up for Twitter

Don’t be so quick to head to Facebook.

Mobile Banking Surge in Canada

By Natasha Chilingerian

A new report from Forrester Research states mobile banking adoption in Canada has jumped by eight percentage points in two years. According to surveys the firm conducted with more than 5,000 online Canadian adults, the percentage of Canadian consumers who use online banking was 1% in 2008 and 9% in...

Knoxville Credit Union Aids Youth

Knoxville TVA Employees Credit Union has helped jumpstart savings among those in foster care.

Fundtech Survey: Cyber Crime Will Never Be Controlled

By Marc Rapport

Fundtech Ltd. said many senior executives at its banking customers think cyber crime will never be controlled and even more think their customers would switch for better security.

NCUA Site Habla Español

By Marc Rapport

A Spanish-language version of the NCUA’s consumer website is now available at www.espanol.mycreditunion.gov. The agency said the site is part of its continuing effort to reach Spanish-speaking consumers.

NCUA Bans Former Missouri CU Manager

By Marc Rapport

A former manager at a small Missouri credit union has been banned by the NCUA from participating in the affairs of a federally insured financial institution.

Credit Unions Can Serve the Real Latino Market

By Edward C. Speed

What comes to mind when you see the words “Latino market?”

Noninterest Income Can Unlock Long-Term Growth

By David Frankil

Where does a credit union look for long-term growth today? The answer lies in noninterest income.

Gen Y Back Talk: Overdrafts and Other Mistakes

By Natasha Chilingerian

I recently reported an interesting statistic out of Lake Bluff, Ill.-based economic research firm Moebs Services: 77% of U.S. consumers chose to allow for debit card and ATM overdrafts since the 2010 implementation of Regulation E.

Getting Into the Gen Y Mindset

You can’t open up a trade publication or attend a credit union conference these days without hearing about Gen Y. These are the members who need loans and are key to our credit unions' survival. How can credit unions start reaching out to this generation, and where can they start?

Memories From September 2001

By Dennis Dollar

Heading through the Beltway traffic on my way to the NCUA offices in Alexandria, Va., as the acting chairman of the agency on Sept. 11, 2001, I learned from radio reports that two of the World Trade Center towers had been hit by commercial jets–obviously no coincidence.

Seize the Day on Fed Rule Changes

By Caroline Lane

The credit union movement received better-than-expected news on June 29 when the Federal Reserve Board announced its rules to implement the Durbin Amendment concerning debit card interchange. For credit unions under $10 billion in total assets, interchange rates will show little or no decline in 2011, and this will probably...

Should Derivatives Be Allowed?

By Emily M. Hollis

The NCUA has been requesting comments on a proposal to permit credit unions to engage in certain derivative activities. Now that the agency has closed the comment period and is reviewing those letters, it’s important to keep a few key points in mind when asking, should credit unions be able...

Break Down Stereotypes to Reach Hispanics

By Myriam DiGiovanni

Nothing makes marketers’ ears perk up more than the words “untapped market.”

Bank Attacks, Differences Drive CU Campaigns

By Myriam DiGiovanni

To bash or not to bash banks? It’s been a hotly debated issue that probably won’t be definitively resolved any time soon.