Site Actions
Welcome Guest
Home
Sections
News
Research
Careers
Podcasts
Directory
Web Seminars
Calendar
Subscriptions
Credit Union Times
>
Issues
>
2009
>
October 28, 2009
News
CUs Disappointed With CFPA
Many large credit unions are still subject to additional examinations and concerns remain that federally chartered credit unions could be subject to potentially tougher state regulations....
New Processor With New Approach Takes Aim at the CU Card Market
Total Systems Services Inc., the second largest card processor based in the U.S., announced last week that it was opening a new division and wants that division to process credit union card transactions....
U.S. Central Management And Directors Sued for Fraud
Corporate America Credit Union filed a lawsuit Oct. 19 in Alabama District Court that claims management and volunteers of U.S. Central Federal Credit Union committed securities fraud....
Member Fights Foreclosure and Fla. CU Over Misapplied Payments
Kathleen Soto said the fight to save her home from foreclosure has caused her stress and migraine headaches and has led to a prescription for anti-anxiety medication....
Tale of Two Leagues: Va. Jumps Into Election Fray; N.J. Sits It Out
New Jersey’s Credit Union League is “watching with interest’’ that state’s gubernatorial election, but its counterpart in Virginia is taking a more hands-on approach to the race for the state house in the Old Dominion....
Shared Branching Coming to Puerto Rico
Financial Service Centers Cooperative, one of two nationwide shared branching networks, has announced that 14 credit unions on the island of Puerto Rico have banded together to participate in shared branching through its national shared-branching network....
Ranks of Troubled CUs Grows
As a result of the sluggish economy, 5.13% of all insured shares are in credit unions with CAMEL 4 or 5 ratings, and there are 326 credit unions with such ratings, NCUA Chief Financial Officer Mary Ann Woodson told the NCUA Board last Thursday....
Ohio CUs Gird for Fight
Bolstered by requests from hard-pressed municipalities,...
Survey Shows CUs Gaining
Almost 70% of credit union executives surveyed by NAFCU reported an increase in members switching loans from banks during the past 12 months....
Former CU Faces Corporate Loss
A former credit union now turned bank may find out that it didn’t clear itself from all of its CU relationships in time to avoid losing significant money....
Credit Unions Hurt in Mortgage Fraud Lobby Congress Against Fannie Mae
Some of the credit unions that had mortgage loans fraudulently sold to Fannie Mae by the now defunct U.S. Mortgage Corp. have begun lobbying Congress in an attempt to recover their money....
International CU Day Marked by Poll, Lunch and a Spat With the ABA
To mark International Credit Union Day, the Georgia Credit Union Affiliates released results of a poll that showed the recession is causing Georgia consumers to spend far less than a year ago....
Delaware League Gets First CU for Student Loan Program
The Delaware Credit Union League hasn’t officially announced its new student loan program, but it already has a credit union signed up....
TNB Reports an 8% Increase in CU Cardholder Balances
More evidence that credit unions are bucking the national trend of shrinking credit lines and diminishing use of credit cards....
New Book Combines Pathos and Analysis of Easy Credit Run Amok
Many accounts of the nation’s economic problems go overboard either on the wonkish policy analysis at one end or the heartstring-tugging anecdotes on the other. It is rare to find a writer who strikes the necessary delicate balance....
Indiana CU Teams Up With Pacers for a Full-Court Awareness Press
Indiana Members Credit Union is hoping its new partnership with the National Basketball Association’s Indiana Pacers will be an awareness slam dunk....
Yolo Eases Back Pain
Yolo Federal Credit Union plans to make the most of American Massage Therapy Association’s National Massage Therapy week by offering members free five-minute chair massages this week....
TSYS: Can the Giant Card Processor Conquer the CU Market?
Total Systems Services Inc., the second largest card processor based in the U.S., announced last week that it was opening a new division and wants that division to process credit union card transactions....
More Personal Guarantees Required on Business Loans
Banks are demanding more personal guarantees on small business loans as the lenders continues to put the squeeze on credit access....
Pa. CUs Victims in CD Ponzi Scam
In yet another alleged scam involving certificates of deposit and credit unions, one more person has been arrested for supposedly defrauding three Pennsylvania cooperatives out of $2 million....
Security Service Federal Credit Union Is First To Deploy MasterCard’s New Debit Product The $5.2 billion Security Service Federal Credit Union in San Antonio is the first CU to roll out a MasterCard tool to help MasterCard debit cardholders track their d
The $5.2 billion Security Service Federal Credit Union in San Antonio is the first CU to roll out a MasterCard tool to help MasterCard debit cardholders track their debit card spending online....
CUNA Mutual Issues Flu Alert Warning
The nation’s heightened attention to flu outbreaks prompted a new reminder from CUNA Mutual Group about disaster preparation....
CDFI Fund Launches Literacy Pilot Program
A new grant program from the U.S. Department of the Treasury’s Community Development Financial Institutions Fund kicked off last week....
Arizona Central CU Closes a Branch
The cost cutting among Arizona credit unions continued unabated last week with the $423 million Arizona Central Credit Union of Phoenix announcing the closing of one of its 12 branches in a follow up to staff cutbacks that have taken 40 jobs since 2008....
Birmingham Attorney Is Mutual Savings CEO
A Birmingham attorney, Douglas Key, has been named by the Alabama credit union regulator as the new president/CEO of the $195 million Mutual Savings Credit Union, which underwent conservatorship by the state last July....
Kan. CUs to Consolidate
Two of Kansas’ largest credit unions, Credit Union 1 of Kansas and Credit Unions United, both of Topeka , with combined assets of $250 million, are planning a merger of equals to take place in 2010....
N.J. Green Machine Tracks Down Members
Money was literally on the move during the Dominican Day Parade in Patterson, N.J., courtesy of North Jersey Federal Credit Union’s Green Machine....
United FCU Chairman Steinke Passes Away
United Federal Credit Union is mourning the death of Chairman John Steinke....
Departments
Tech Bytes
BECU Opens Branches, Cross Sells by Rolling the Analytical Dice
BECU is using the power of software to “compete on analytics” as it makes decisions on such things as where to site branches and how much to let members take out of ATMs....
Antifraud Solution Deployed at Miami CU
Dade County Federal Credit Union in Doral, Fla., is now using a Web-based case management solution to help it do its part in the fight against financial crime in Miami....
A new Web site for the Connections Online management automation solution has been launched by the Cardwell consultancy. The new Web site (www.connectionsonline.net) includes enhanced educational content on topics such as completing projects more quickly,
A new Web site for the Connections Online management automation solution has been launched by the Cardwell consultancy....
CUNA Council Offers Virtual Server Study
The CUNA Technology Council is offering a white paper on server virtualization, the practice of splitting one computer server into multiple functioning machines....
Compliance Specialist Releases Upgrade
An upgraded version of the Control automated compliance and reporting solution for credit unions and community banks has now been released by Continuity Engine....
Columns
Editor-in-Chief's Column
Secondary Capital ‘Joint Letter’ Is Anything But
CUNA and NAFCU finally submitted their “joint letter” to the NCUA Board regarding secondary capital. ...
It Depends What ‘Member’ Means
Unfortunately, Sarah Snell Cooke’s Oct. 7 column did not accurately reflect NAFCU’s position, the law or regulation in addressing alternative capital that might be provided by “members” of a credit union....
Volunteers Need to Lobby
Overall I agreed with the Editor-in-Chief’s column (Sept. 30 issue) and its direction. However, I feel you missed an important opportunity as it relates to volunteers....
HarborOne Credit Union Leverages Tech and Strategy to Grow Efficiently
Over the past three years HarborOne Credit Union has grown by more than $300 million in total assets without adding any additional staff....
Don’t Let Vendor Exclusivity Provisions Sneak Up on You
If you don’t watch out, they can get you. They lie hidden until you least expect it. Then, they rear their ugly heads to strike. They are called exclusivity provisions–and they can absolutely ruin your day....
On-Site Conference Coverage
CUNA Economist Hampel Warns That a Swift Recovery Is Not On the Way
CHICAGO — The recession has bottomed out, but don’t expect consumer spending to return to 2006 levels again for a long, long time, CUNA’s Bill Hampel told the general session crowd at the AICPA National Conference on Credit Unions....
Hyland Advises CUs to Set Aside Up to 30 Basis Points for Stabilization
CHICAGO — NCUA Board Member Gigi Hyland hit all the hot industry topics in her keynote speech to kick off the AICPA National Conference on Credit Unions last week....
Hyland: U.S. Central Notes Address Liquidity Needs
CHICAGO — NCUA Board Member Gigi Hyland said U.S. Central Federal Credit Union issued medium-term notes to meet liquidity demands during her keynote speech at the AICPA National Conference on Credit Unions....
NCUA’s Kutchey Offers an Encore Due to Popular Demand
CHICAGO — Current regulations and new ones expected from the NCUA was such a popular topic, the AICPA National Conference on Credit Unions booked the regulator’s deputy director of examination and insurance twice....
Panel Advocates Better Internal Controls on Loan-Loss Allowances
CHICAGO — Most credit unions need better internal controls if they expect to accurately record loan-loss allowances, according to an Oct. 20 panel during the AICPA National Conference here....
High-Touch Modification Programs Better for Credit Unions and Members
CHICAGO — Half of all borrowers who go into foreclosure don’t speak to their lender beforehand, HOPE NOW Alliance Executive Director Faith Schwartz told the AICPA National Conference on for Credit Unions breakout session attendees here....
Focus Report
As Markets Recover, It’s Critical for Advisers to Reach Out to Members
This last year has been nothing short of a hair-raising roller coaster ride of emotions for the U.S. investor....
From XCU Capital’s Ashes, Executives Emerge to Carry On Brokerage Services
Nearly two years after what was considered to be the first homegrown broker-dealer for credit unions closed shop, several of its former executives have risen from its ashes....
Boomers Are Leaving Credit Unions as They Near or Enter Retirement
A growing number of members in the baby boomer age range are leaving their credit unions as they near retirement, according to research conducted by CUNA Mutual Group....
Race Is On Between CUs and Banks on Short-Term CD Deals
Investors and members looking for the best rates on certificates of deposit are typically steered to credit unions for the sweetest deals....
INVEST Financial Draws on CUNA Brokerage CEO’s Record to Build Alliances
With just over a dozen credit unions served, INVEST Financial Corp. may have made some inroads with the hiring of the head of one of the movement’s largest brokerage companies as its new leader....
People
PEOPLE
Holy Rosary Credit Union, Rochester, N.H., announced the promotion of four employees. Carolyn Wood was promoted to branch manager of the credit union’s Rochester branch....
Other
Visit Microsite to Enter Trailblazer Awards
Credit Union Times is gearing up again for its annual Trailblazer Awards. ...
Issue Archives
--Select Issue--
March 10, 2010
March 3, 2010
February 24, 2010
Feburuary 17, 2010
February 10, 2010
February 3, 2010
January 27, 2010
January 20, 2010
January 13, 2010
January 06, 2010
December 23, 2009
December 16, 2009
December 9, 2009
December 2, 2009
Novemeber 25, 2009
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