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2008
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December 3 2008
News
Financial Services Trades Differ On Proposed NCUA Signage Requirements
WASHINGTON — The American Bankers Association and CUNA want the NCUA to make changes to its proposed signage rule while NAFCU likes it the way it is. ...
America Saves Expands Aid
WASHINGTON — America Saves has expanded its programs to further assist consumers during the tough economic conditions. ...
To Attract and Hold Top Talent, CU Benefits Are Expensive but Crucial
SAN DIEGO — With a questionable economy, the challenge for credit union human resource departments continues to be how to best approach benefit offerings. ...
Dynamic Marketing Systems Says Now Is the Time to Harness the Web
NORCROSS, Ga. — Dynamic Marketing Systems, a provider of Web-enabled marketing resource management solutions, is doing its part to make it easier for credit unions to deliver their message to the public. ...
’Tis the Season: Education Key to Helping Members Fight Holiday Fraud
HOBOKEN, N.J. — There’s nothing like a good case of identity theft or fraud to put a damper on holiday cheer. ...
E1 Finanical Credit Union Attends Calif. Governor’s Small Business Forum
MONTEREY PARK, Calif. — Officials with California Gov. Arnold Schwarzenegger’s office recently invited E1 Financial Credit Union to attend the Governor’s Conference of Small Business and Entrepreneurship. ...
Navy Federal Is One of Founding Sponsors of EagleBank Bowl
VIENNA, Va. — The D.C. Bowl Committee Inc. has announced an agreement that recognizes Navy Federal Credit Union as a founding sponsor of the inaugural EagleBank Bowl, which will be broadcast live on Dec. 20 from RFK Stadium in Washington. ...
Credit Union 24 Adds Two More Credit Unions to Network
Credit Union 24 has announced that two more credit unions have joined its nationwide ATM and electronic funds transfer network:...
Explosives in ATM Attack
SYDNEY, Australia — Criminals in Australia have struck upon a novel method of robbing ATMs: blow them up. ...
Golden 1 Director Passes
SACRAMENTO, Calif. — The Golden 1 Credit Union is mourning the loss of longtime board director Donna L. Giles. ...
CUNA/CFA Survey: Most Consumers, Weighed by Debt, Set to Mimic Scrooge
WASHINGTON — If consumers predict their own behavior correctly, they and retailers could have a “Blue Christmas.” ...
Bravery, Determination and Luck Save CEO Holbrook’s Home From Calif. Fires
YORBA LINDA, Calif. — Evangelical Christian Credit Union President/CEO Mark Holbrook’s home was spared from the recent Los Angeles-area fires due to sheer determination and dumb luck. ...
Card Portfolios Continue to Beat CU Asset Performance, NCUA Data Shows
ALEXANDRIA, Va. — The latest credit union data indicates that credit unions with card portfolios worth more than $1 million...
Virginia League After Navy to Rejoin
LYNCHBURG, Va. — It’s been more than a year since Navy Federal Credit Union quit CUNA and the Virginia Credit Union League....
Private Share Insurance Rates Dropping for Healthy CUs
WASHINGTON — State-chartered credit unions with CAMEL 2 ratings that are privately insured...
CU Trade Curiosity Surrounds New Administration’s Economic Team
WASHINGTON — They are steeped in the intricacies of international finance and in debates on the merits of injecting billions of dollars into multinational banks....
More CU Prospects Under Obama Plan
SOUTH JORDAN, Utah — Credit unions may not really know how many growth opportunities are available under President-elect Barack Obama’s proposal to aid small businesses. ...
New America Foundation Advances Community Bank, CU Capital Proposal
WASHINGTON — The New America Foundation, a Washington think tank that describes itself as “nonpartisan and post-partisan,” has proposed a plan to capitalize community banks ...
WOCCU’s Crear Juggles Travel, Golf and Regulators’ Education ’Round the World
SAN DIEGO — The World Council of Credit Unions’ 14-member board includes four U.S. representatives and 10 from credit union systems around the world....
Departments
Tech Bytes
Fiserv Continues Integration of Core Processing Units
BROOKFIELD, Wis. — When Fiserv Inc. acquired the credit union core processing operation of EDS back in 2003 and renamed it IntegraSys, the company found itself with seven different CU processors, each with its own user community and identity. ...
Stephen J. Cameron Named New President at Open Solutions
GLASTONBURY, Conn. — Open Solutions Inc. has named a Siemens executive to the newly created position of president. ...
Think There’s a Lull in Web Danger? Don’t Believe It!
The news seemed too good to be true. After months of collecting data about a California-based Web hosting service, the company vanished and along with it, as much as 75% of spam throughout the U.S. ...
Time for Making Dollars and Sense of Online and e-Bill Pay
BOSTON — According to a recent study by Aite Group’s Gwenn Bezard, banks and credit unions are beginning to actively address return on investment for popular online bill pay and e-bill functionality,...
IMM Expands Electronic Signature Software to Web
LINDEN, N.J. — An online version of Integrated Media Management’s TotaleAtlasWeb Universal Document Presentation software has been rolled out, the company said. ...
Columns
Editor-in-Chief's Column
Call Congress on the Carpet for CU Assistance
Citibank used to be admired for its innovations, competitive spirit and growth accomplishments...
CU Business Group Expands
PORTLAND, Ore. — CU Business Group LLC has formed its first credit union partnership in Michigan, extending the CUSO’s reach to 35 states across the country. ...
Find Quarters: Identifying Financial Efficiencies for Your Credit Union
To offset losses in a weak economy, credit unions need to identify other financial efficiencies, including how to maximize ATM and debit interchange income, which adds up to about 19% of a credit union’s noninterest revenues. ...
NCUA Session Planned at CUISPA
AUSTIN, Texas — Information security specialists from the NCUA will again hold a panel discussion with credit unions at the annual gathering of the Credit Union Information Security Professionals Association. ...
branching out
Financial Resources Federal Credit Union, Bridgewater, N.J., opened a branch in Hillsborough, N.J., to add to its eight Johnson and Johnson in-company locations throughout central New Jersey....
In Your Country, What Issue for Credit Unions Concerns You the Most?
“Regulation. We are being threatened with bank-friendly legislation and regulation which does not fit within the credit union cooperative model....
Bubba Gump Makes a Tasty Étoufée Out of Shrimp Crisis
For years bankers have been portraying credit unions as barely competent to provide financial services....
Other
Conservatorship CEOs On Call for NCUA’s Financial E.R.
SAN DIEGO — Many economic sectors are experiencing job losses, but in an ironic twist of fate, the nation’s financial crisis has increased demand for financial executives with experience managing conservatorships. ...
CEO Confidence Plunges in Special Edition SW Corporate Survey
DALLAS — The election of Barack Obama did not inspire optimism, at least not for Southwest Corporate members who responded to a November special edition CEO confidence survey, taken the week immediately after the election....
Teaching Gen Y: Go to Their Turf and Get on Their Level
Recently, a community relations coordinator from a New York credit union expressed her frustration with a Gen Y issue that I suspect many credit unions are experiencing. ...
PEOPLE
Affinity Federal Credit Union, Basking Ridge, N.J., announced the promotion of Amanda Girardi to member experience officer....
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