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A little over two months since being placed in conservatorship, Eastern Financial Florida Credit Union will merge into Space Coast Credit Union. ...

CUNA Mutual Group has struck a deal to buy CPI Qualified Plan Consultants Inc., a retirement plan record keeper. ...

The NCUA explained in greater detail last week how it was able to reduce its initial projection for an insurance premium from 0.30% to 0.15%. ...

With an eye on the state’s 14.1% unemployment rate, the $1 billion Michigan Schools and Government Credit Union said last week its program to aid adult workers in finding new jobs “has more significance than ever.” ...

Credit cards can be an effective form of advertisement for a credit union. Just think about how many times a day a card is pulled from a wallet and seen by cashiers, friends, family and the next person in line. ...

There has been a changing of the guard at the National Federation of Community Development Credit Unions....

To help guide credit unions looking to operate as leanly as possible in these challenging economic times, the Credit Union Executives Society has released a series of cost-control manuals. ...

Federal Reserve Board Chairman Ben Bernanke told the recent Global Financial Literacy Summit meeting in Washington that there needs to be “systemic changes to correct weaknesses that have emerged in the current CDFI model.” ...

North Florida credit unions helped the U.S. Secret Service and police in Jacksonville crack down on an ATM fraud that caused $300,000 in CU losses over 18 months....

The merger trend took center stage last week with a trio of Milwaukee area credit unions, all affected by February’s collapse of Central States Mortgage Co., opting to look for merger partners. ...

The $1.2 billion Eastern Corporate Federal Credit Union and its Kansas City-based communications firm, MJB Public Relations Group, have been awarded a Bronze Quill from the Kansas City/International Association of Business Communications. ...

The $4 billion Alaska USA Federal Credit Union offers membership to those who live or work in Alaska and Washington. ...

Steve Winninger has seen firsthand how a physical impairment isn’t a barrier to being a valuable contributor in the workplace. But it was a recent tour of a Michigan company’s new facility that convinced him even more. ...

Further extending it virtual outreach, REALTORS Federal Credit Union has joined Credit Union 24’s ATM network. ...

Strategic Mortgage Solutions’ Tracy Ashfield will moderate an ACUMA-produced Webcast on July 7 that will provide information about how credit unions can participate in government stimulus benefits like the $8,000 first-time homebuyer tax credit. ...

Strategic Mortgage Solutions’ Tracy Ashfield will moderate an ACUMA-produced Webcast on July 7 that will provide information about how credit unions can participate in government stimulus benefits like the $8,000 first-time homebuyer tax credit. ...

Special Report

When TwinStar Credit Union launched a CUSO in 1985 that offered credit, life and disability insurance to its peers, no one could have predicted the entity would morph several times over. ...

If your credit union provides business services, do your members who are also business owners think of you for their business accounts?...

It remains to be seen what impact Intuit Inc.’s purchase of PayCycle Inc. will have on the credit union industry’s relationship with the online payroll service provider and member-owned small businesses. ...

To woo small business owners during a time when banks have scaled back lending activity, Georgia Central Credit Union has launched a campaign for credit unions to capture market share. ...

Columns

Editor-in-Chief's Column
Credit union executives and volunteers from across the country traveled to Boston last week to celebrate 100 years of credit unions and 75 years of CUNA....

In my column last month, I wrote about how credit unions need to start embracing the technology that many banks use. ...

In tumultuous times such as these, it’s no surprise that credit unions will not always be unanimous about the variety of issues they face. ...

A June 10 article, “Two Big Credit Card Portfolios Were Sold in the First Quarter,” missed a larger part of the story. ...

Cu Times Editor-in-Chief Sarah Cooke’s column of June 17, urges credit unions to upgrade their technology, especially by implementing a transactional Web site. ...

I wonder how many were struck by the irony when Dan Mica thanked President Obama for keeping the NCUA independent when just a short time ago he was asking for TARP funds, just in case of an emergency. ...

Thirteen years ago, the role of a credit union teller was beginning to evolve. Advances in technology were creating more remote-access opportunities for members and predictions were made about the future of the teller position. ...

People

In Memoriam
American Airlines Federal Credit Union, Fort Worth, Texas, is mourning the death of former La Guardia Branch Manager George Portalatin. ...

Other

From the Board Room
Zigmund Kryszak, senior vice president of organizational development at GTE Federal Credit Union, has been elected to the board of directors of Prime Alliance for a two-year term. ...

The $251 million E Federal Credit Union awarded two eight-year-old boys with $1 million, allowing them to keep one day’s interest, or roughly $42. ...

Oregon consumers are getting to know lots more about credit unions this summer thanks to both a new branding campaign by First Tech CU of Beaverton and an awareness ad blitz sponsored by the Credit Union Association of Oregon. ...

BOSTON — Those who work for credit unions have much to be optimistic about because of the opportunities bequeathed them by the problems of other financial institutions, yet they need to proactive in light of the current political climate. ...

BOSTON — A relentless drive for efficiency and a proactive approach to risk are among the keys to improving a credit union’s net worth. ...

BOSTON — CUNA reached into the history books and onto the front pages of newspapers at its America’s Credit Union Conference & Expo to celebrate key figures in the history of credit unions. ...

BOSTON — The economy will get better, but it will take a while for a full-fledged recovery to kick in, according to CUNA’s top economists. ...

BOSTON — To succeed in life, don’t just strive to make money but also to make the world a better place. To get ahead in business and life, learn to read other people’s body language and be sure to know what your body language says about you. ...

CUNA is going global and WOCCU is going local. ...

Black Hills Federal Credit Union, Rapid City, S.D., announced the recipients of its 2009 ViBZ! scholarships. ...

Holy Rosary Credit Union, Rochester, N.H., announced the promotion of Megan Dean to senior teller of the Dover branch location. ...

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