Site Actions
Welcome Guest
Home
Sections
News
Research
Careers
Podcasts
Directory
Web Seminars
Calendar
Subscriptions
Credit Union Times
>
Issues
>
2009
>
June 24, 2009
Issue
News
NCUA Keeps Power Under Obama Plan; New Agency Would Oversee Products
The NCUA would maintain its authority over credit unions, but there would be a new agency to regulate many of the financial products issued by credit unions,...
McGrath Pleads Guilty to Fraud and Money Laundering, Faces 20-Year Term
Michael J. McGrath Jr., former president of defunct U.S. Mortgage Corp. and its subsidiary CU National Mortgage,...
NCUA Likely to Levy 0.15% Premium
ALEXANDRIA, Va. — Credit unions will likely have to pay a premium of 0.15% of insured shares this year to cover expenses associated with the NCUA’s rescue of corporate credit unions....
In Wake of Corporate CU Stumbles, CUSOs Moving Cautiously Forward
The dark cloud of conservatorship of one of its parent companies could have caused corporate card provider Procura LLC to take cover from the pending storm....
Concert Program Connects CUs to Gen Y
There’s a new program out there helping credit unions connect to Gen Y. Its powerful lure? Music. ...
Communication Earns Eastern Corporate More Capital in Tough Times
Earlier this month, Eastern Corporate Federal Credit Union discreetly completed a $17.7 million Perpetual Paid-In Capital II subscription offer,...
CUs Help Service Members Avoid Financial Wars While on Home Soil
The end of the U.S.’s mission in Iraq is in sight. U.S. troops are set to withdraw from Iraq’s urban areas by June 30. ...
More Vets to Get Homes Thanks to CUs
Homes for Our Troops received another big financial boost–$190,000–from New England CUs to help construct homes for wounded Iraq and Afghanistan war veterans....
With Chin Up, Mica Discusses the Challenges Facing Industry, NCUA and CUNA
WASHINGTON — With many credit unions hurting, the NCUA’s rescue of corporate credit unions and economic woes causing CUNA to announce furloughs and layoffs, this has been an especially challenging time for CUNA President/CEO Dan Mica....
CUs Rank at the Top in U.S. as ‘Most Popular,’ Says Texas League Poll
Credit unions are holding their own in the popularity ranks while banks took a nosedive, according to a Texas Credit Union League phone survey....
SEC Halts Payday Advance Store Ponzi Scheme
The Securities and Exchange Commission has obtained a court order halting an alleged $11 million Ponzi scheme in which a Chicago-based promoter who is a convicted felon promised investors high returns from purported investments in payday advance stores....
Breach Hits Fla. FCU
Members of the $5.8 billion Suncoast Schools Federal Credit Union were recently alerted that thousands of their Visa check cards had been breached....
CU Acts on Retirement Worries
A growing number of companies within health services and those who work in the education field make up a large part of First Financial Federal Credit Union’s field of membership....
Debit Card Use and Interchange Likely to Grow During Recession
Debit card interchange seems likely to continue as a key part of credit union income, according to a recent study from Discover Financial Services and its subsidiary PULSE ATM and EFT network....
IRA Rollovers Migrating to Online Investment Providers, Study Reveals
Investors are seeking out more online investment providers for their individual retirement account rollovers thanks to a renewed interest in the parking place as an option....
FAA Credit Union Offers Go Green Starter Kits to New Members
Going green has never been easier for FAA Credit Union members....
SEFCU Names DeCelle CMO
State Employees Federal Credit Union, Albany, N.Y., has promoted Executive Vice President John DeCelle to chief marketing officer....
CUNA Targets Trust With Product Promos
CUNA is revamping how it promotes its products and services by adopting the well-tested trust theme....
Many Say Ratings Will Play a Smaller Role
When the NCUA issues new corporate regulations this fall, it’s likely the opinions of the three major ratings agencies–Fitch Ratings, Moody’s and Standard & Poor’s–will have less influence over NCUA auditors than before....
Survey: Banks Are Losers
A nationally representative survey of 1,155 consumers found a lack of consumer interest in banking with Bank of America, Chase, Citibank and Wells Fargo....
Departments
Regulatory/Compliance
CUAO Names New Lobbyist
Political veteran Jennifer Wagner is the new director of credit union advocacy for the Credit Union Association of Oregon....
NCUA Issues Document With Red Flag FAQs
CUSOs and corporate credit unions are covered by the federal regulations on establishing a system for detecting and preventing identity theft,...
Fed Ends Action Against BNY
The Federal Reserve terminated a three-year-old enforcement action against the Bank of New York over the bank’s methods for protecting against money laundering....
Hutchinson Deploys WAN Link
Hutchinson Credit Union in Kansas is strengthening its online infrastructure with a piece of high-tech gear from a Minnesota firm....
CUTEK Crafts Collections Package That Integrates With Symitar Platform
CUTEK is now offering credit unions a Web-based collections package that the Symitar specialist says is customizable and “not overflowing with unused features.”...
Special Report
Morgan Report Cites HSA Option as Affordable and Popular
With companies looking to stem rising health care costs, J.P. Morgan has recently issued a report titled “Best Practices for Implementing a Health Savings Account Program.”...
Balancing CU Needs With Member Needs Is Essential in Rebuilding Process
Credit unions right now are in the middle of a balancing act. Fees are an essential part of building capital to regain stability in this economy,...
Hiring More Reps Strongly Tied to Retail Investment Program Revenue Growth
While consolidation within any industry tends to mean the elimination of staff and departments, for credit union investment programs the effect has been just the opposite....
New Laws and Regs Make It Harder to Earn Noninterest Income
Recently passed and pending legislation will hurt the bottom lines of credit unions by limiting their ability to earn noninterest income....
Special Report
Editor-in-Chief's Column
CUs Can Grow By Taking Small, Innovative Steps
When I entered college, I knew I was going to study political science, and I knew I liked to write but hadn’t considered journalism initially....
In Checking Priorities, Now May Be the Time for Flextime
If re-evaluating priorities and cutting costs is to a recession as developing a flexible work program is to recruiting and retaining top talent,...
Oregon SEG-Community Conversions Eased; Oregon CUs to Merge
A new Oregon law enacted this month is providing select employee group-based credit unions expanded power to switch to a community charter but maintain their SEGs....
QUOTES WORTH QUOTING
Throughout all of my exposure to the audits and examinations, I always felt comfortable that EasCorp was operating in a manner that had safety and soundness as its primary tenet....
Other
Staffing, Unemployment Rate as Top Concerns Among Four CEOs
For four credit union CEOs from both small and large credit unions, staffing concerns and unemployment among members topped the list of challenges they face now....
Mixing the Past and Present: Hanging Out in Beantown
This year’s America’s Credit Union Conference & Expo lands us in one of America’s oldest cities....
Too Many Debit/EFT Networks Can Leave Credit Unions All Wet
Does your credit union really need all the debit and EFT networks that it currently has?...
Fun, Fun, Fun: Boosting Morale With Lots of Creativity and Little Cost
With anxieties about the economy, increased consumer scrutiny of financial institutions and staffers wondering if their jobs are secure,...
Scholarship Iluminates Stumbles Along the Path to Failure
Management books are a tricky genre. All too often they are either glib and cliché-ridden works that provide quick fixes for executives and their companies or dry numbers-filled tomes that are a pain to wade through....
Picture This: Imaging Pays Off in Efficiencies and Revenue
When Check 21 became law in 2003, credit unions grumbled about the costs and time needed to implement the required imaging technology....
AWARDS
Holy Rosary Credit Union, Rochester, N.H., recognized its Vice President of Lending Suzanne Wilkins for her 25 years of service,...
BRANCHING OUT
Greater New Orleans Federal Credit Union, Metairie, La., hosted a ribbon-cutting ceremony and reception for its new West Bank Branch in Harvey, La....
Issue Archives
--Select Issue--
November 18, 2009
November 11, 2009
November 4, 2009
October 28, 2009
October 21, 2009
October 14, 2009
October 7, 2009
September 30, 2009
September 23, 2009
September 16, 2009
September 9, 2009
September 2, 2009
August 26, 2009
August 19, 2009
August 12, 2009
August 5, 2009
July 29, 2009
July 22, 2009
July 15, 2009
July 8, 2009
July 1, 2009
June 24, 2009
June 17, 2009
June 10, 2009
June 3, 2009
May 27, 2009
May 20, 2009
May 13, 2009
May 6, 2009
April 29, 2009
April 22, 2009
April 15, 2009
April 8, 2009
April 1, 2009
March 25, 2009
March 18, 2009
March 11, 2009
March 4, 2009
February 25, 2009
February 18, 2009
February 11, 2009
February 4, 2009
January 28, 2009
January 21, 2009
January 14, 2009
January 07, 2009
December 24 2008
December 17 2008
December 10 2008
December 3 2008
November 26 2008
November 12, 2008
November 05, 2008
October 29, 2008
October 22, 2008
October 15, 2008
October 08, 2008
October 01, 2008
September 24, 2008
September 17, 2008
September 10, 2008
September 03, 2008
August 27, 2008
August 20, 2008
August 13, 2008
August 06, 2008
July 30, 2008
July 23, 2008
July 16, 2008
July 09, 2008
July 02, 2008
June 25, 2008
June 18, 2008
June 11, 2008
June 04, 2008
May 28, 2008
May 21, 2008
May 14, 2008
May 07, 2008
April 30, 2008
April 23, 2008
April 16, 2008
April 09, 2008
April 2, 2008
March 26, 2008
March 19, 2008
March 12, 2008
March 5, 2008
February 27, 2008
February 20, 2008
February 13, 2008
February 6, 2008
January 30, 2008
January 23, 2008
January 16, 2008
January 9, 2008
December 19, 2007
December 12, 2007
December 5, 2007
November 28, 2007
November 21, 2007
November 14, 2007
November 7, 2007
October 31, 2007
October 24, 2007
October 17, 2007
October 10, 2007
October 3, 2007
September 26, 2007
September 19, 2007
September 12, 2007
September 5, 2007
August 29, 2007
August 22, 2007
August 15, 2007
August 9, 2007
August 8, 2007
August 1, 2007
July 25, 2007
July 18, 2007
July 11, 2007
July 4, 2007
June 27, 2007
June 20, 2007
June 13, 2007
June 6, 2007
May 30, 2007
May 16, 2007
May 9, 2007
May 2, 2007
April 25, 2007
April 18, 2007
April 11, 2007
April 4, 2007
March 28, 2007
March 21, 2007
March 14, 2007
March 7, 2007
February 28, 2007
February 21, 2007
February 14, 2007
February 7, 2007
January 31, 2007
January 24, 2007
January 17, 2007
January 10, 2007
January 3, 2007
December 20, 2006
December 13, 2006
December 6, 2006
November 29, 2006
November 22, 2006
November 15, 2006
November 8, 2006
November 1, 2006
October 25, 2006
October 18, 2006
October 11, 2006
October 4, 2006
September 27, 2006
September 20, 2006
September 13, 2006
September 6, 2006
August 30, 2006
August 23, 2006
August 16, 2006
August 9, 2006
August 2, 2006
July 26, 2006
July 19, 2006
July 12, 2006
July 5, 2006
June 28, 2006
June 21, 2006
June 14, 2006
June 7, 2006
May 31, 2006
May 24, 2006
May 17, 2006
May 10, 2006
May 3, 2006
April 26, 2006
April 19, 2006
April 12, 2006
April 5, 2006
March 29, 2006
March 22, 2006
March 15, 2006
March 8, 2006
March 1, 2006
February 22, 2006
February 15, 2006
February 8, 2006
February 1, 2006
January 25, 2006
January 18, 2006
January 11, 2006
January 4, 2006
December 21, 2005
December 14, 2005
December 7, 2005
November 30, 2005
November 23, 2005
November 16, 2005
November 9, 2005
November 2, 2005
October 26, 2005
October 19, 2005
October 12, 2005
October 5, 2005
September 28, 2005
September 21, 2005
September 14, 2005
September 7, 2005
August 31, 2005
August 24, 2005
August 17, 2005
August 10, 2005
August 3, 2005
July 27, 2005
July 20, 2005
July 13, 2005
July 6, 2005
June 29, 2005
June 22, 2005
June 15, 2005
June 8, 2005
June 1, 2005
May 25, 2005
May 18, 2005
May 11, 2005
May 4, 2005
April 27, 2005
April 20, 2005
April 13, 2005
April 6, 2005
March 30, 2005
March 23, 2005
March 16, 2005
March 9, 2005
March 2, 2005
February 23, 2005
February 16, 2005
February 9, 2005
February 2, 2005
January 26, 2005
January 19, 2005
January 12, 2005
January 5, 2005
December 22, 2004
December 15, 2004
December 8, 2004
December 1, 2004
November 24, 2004
November 17, 2004
November 10, 2004
November 3, 2004
October 27, 2004
October 20, 2004
October 13, 2004
October 6, 2004
September 29, 2004
September 22, 2004
September 15, 2004
September 8, 2004
September 1, 2004
August 25, 2004
August 18, 2004
August 11, 2004
August 4, 2004
July 28, 2004
July 21, 2004
July 14, 2004
July 7, 2004
June 30, 2004
June 23, 2004
June 16, 2004
June 9, 2004
June 2, 2004
May 26, 2004
May 19, 2004
May 12, 2004
May 5, 2004
April 28, 2004
April 21, 2004
April 14, 2004
April 7, 2004
March 31, 2004
March 24, 2004
March 17, 2004
March 10, 2004
March 3, 2004
February 25, 2004
February 18, 2004
February 11, 2004
February 4, 2004
January 28, 2004
January 21, 2004
January 14, 2004
January 7, 2004
December 17, 2003
December 10, 2003
December 3, 2003
November 26, 2003
November 19, 2003
November 12, 2003
November 5, 2003
October 29, 2003
October 22, 2003
October 15, 2003
October 8, 2003
October 1, 2003
September 24, 2003
September 17, 2003
September 10, 2003
September 3, 2003
August 27, 2003
August 20, 2003
August 13, 2003
August 6, 2003
July 30, 2003
July 23, 2003
July 16, 2003
July 9, 2003
July 2, 2003
June 25, 2003
June 18, 2003
June 11, 2003
June 4, 2003
May 28, 2003
May 21, 2003
May 14, 2003
May 7, 2003
April 30, 2003
April 23, 2003
April 16, 2003
April 9, 2003
April 2, 2003
March 26, 2003
March 19, 2003
March 12, 2003
March 5, 2003
February 26, 2003
February 19, 2003
February 12, 2003
February 5, 2003
January 29, 2003
January 22, 2003
January 15, 2003
January 8, 2003
January 1, 2003
December 18, 2002
December 11, 2002
December 4, 2002
November 27, 2002
November 20, 2002
November 13, 2002
November 6, 2002
October 30, 2002
October 23, 2002
October 16, 2002
October 9, 2002
October 2, 2002
September 25, 2002
September 18, 2002
September 11, 2002
September 4, 2002
August 28, 2002
August 21, 2002
August 14, 2002
August 7, 2002
July 31, 2002
July 24, 2002
July 17, 2002
July 10, 2002
July 3, 2002
June 26, 2002
June 19, 2002
June 12, 2002
June 5, 2002
May 29, 2002
May 22, 2002
May 15, 2002
May 8, 2002
May 1, 2002
April 24, 2002
April 17, 2002
April 10, 2002
April 3, 2002
March 27, 2002
March 20, 2002
March 13, 2002
March 6, 2002
February 27, 2002
February 20, 2002
February 13, 2002
February 6, 2002
January 30, 2002
January 23, 2002
January 16, 2002
January 9, 2002
January 2, 2002
December 19, 2001
December 12, 2001
December 5, 2001
November 28, 2001
November 21, 2001
November 14, 2001
November 7, 2001
October 31, 2001
October 24, 2001
October 17, 2001
October 10, 2001
October 3, 2001
September 26, 2001
September 19, 2001
September 12, 2001
September 5, 2001
August 29, 2001
August 22, 2001
August 15, 2001
August 8, 2001
August 1, 2001
July 25, 2001
July 18, 2001
July 11, 2001
July 4, 2001
June 27, 2001
June 20, 2001
June 13, 2001
June 6, 2001
May 30, 2001
May 23, 2001
May 16, 2001
May 9, 2001
May 2, 2001
April 25, 2001
April 18, 2001
April 11, 2001
April 4, 2001
March 28, 2001
March 21, 2001
March 14, 2001
March 7, 2001
February 28, 2001
February 21, 2001
February 14, 2001
February 7, 2001
January 31, 2001
January 24, 2001
January 17, 2001
January 10, 2001
January 3, 2001
December 20, 2000
December 13, 2000
December 6, 2000
November 29, 2000
November 22, 2000
November 15, 2000
November 8, 2000
November 1, 2000
October 25, 2000
October 18, 2000
October 11, 2000
October 4, 2000
September 27, 2000
September 20, 2000
September 13, 2000
September 6, 2000
August 30, 2000
August 23, 2000
August 16, 2000
August 9, 2000
August 2, 2000
July 26, 2000
July 19, 2000
July 12, 2000
July 5, 2000
June 28, 2000
June 21, 2000
June 14, 2000
June 7, 2000
May 31, 2000
May 24, 2000
May 17, 2000
May 10, 2000
May 3, 2000
April 26, 2000
April 19, 2000
April 12, 2000
April 5, 2000
March 29, 2000
March 22, 2000
March 15, 2000
March 8, 2000
March 1, 2000
February 23, 2000
February 16, 2000
February 9, 2000
February 2, 2000
January 26, 2000
January 19, 2000
January 12, 2000
January 5, 2000
Contact Us
Contact The Editor
Industry Links
About Credit Union Times
Privacy Policy
Site Map
Advertising Information
© Copyright
Credit Union Times.
A
Summit Business Media
publication. All Rights Reserved. |
www.summitbusinessmedia.com