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Members United Announces $150 Million October Loss, Passes Out Pink Slips
Members United Corporate Federal Credit Union today announced a nearly $150 million net loss for October 2009, split almost evenly between U.S. Central Federal Credit Union capital losses and other-than-temporary impairments.
Porter Elected to Board of FHLB-SF
J. Benson Porter, chief executive officer at the $2.4 billion Addison Avenue Federal Credit Union, was elected to the board of the Federal Home Loan Bank of San Francisco earlier this week. Porter said he will begin serving his four-year term Jan. 1.
NCUA Names Buckham to Head New Consumer Office
Kent Buckham, who has held several key positions at the NCUA, has been chosen to be the first director of the agency’s Office of Consumer Protection.
First Impressions Really Matter for Small Biz Owners
As the credit union industry touts its reputation for its treatment of members, some banks fall short on how they treat their small business customers.
NAFCU Offers Webcast on HMDA Reporting
Credit union employees who want to learn how to comply with the Home Mortgage Disclosure Activity reporting requirements that recently went into effect can participate in NAFCU’s Dec. 2 Webcast on the subject.
UW CU Partners With Real Estate Site
Adapting to the times can mean identifying and forging new partnerships within the communities served.
Unemployed CU Exec Debuts New ‘CU Chat’ Blog
The blog network has a new credit union entry this month from an out-of-work CU marketer from Illinois, whose weekly radio internet show, “CU Chat Up” is gaining some high profile attention.
Student Lending Network Moves into Minnesota
Members Cooperative Credit Union has become the first in Minnesota to join the network of credit unions using the Fynanz Inc. turnkey private student lending platform, the company said.
CU-Run ‘Best Wishes’ Overcomes Setbacks to Aid Military Again
Less than a week before Thanksgiving the six-year old, credit union-run “Operation Best Wishes” campaign to support the troops is on an expanded nationwide roll managing to struggle without financial backing of its major benefactor, WesCorp.
Merger Pace Quickens
The fallout from the recession continues to trigger more credit union mergers.
House Panel Approves CU Carve Out on Systemic Risk Fund
Financial institutions with assets of less then $50 billion wouldn’t have to pay into a fund aimed at rescuing large companies deemed “too big to fail,” as a result of an amendment passed by the House Financial Services Committee yesterday.
CUNA and NAFCU Blast NCUA Budget
CUNA and NAFCU said the 13% budget increase approved by the NCUA Board today was excessive given the financial difficulties facing many credit unions.
Trades Praise Corporate Credit Rules but Pledge to Examine Them Thoroughly
CUNA, NAFCU and NASCUS said there were few surprises in the proposed corporate credit union rules that the NCUA Board sent out for 90 days of public comment today, but pledged to examine them carefully and submit comments to the agency.
NCUA Proposes Increased Capital Requirements for Corporates; Approves 2010 Budget
Corporate credit unions would higher capital requirements, more limits on the type of investments they can make and more disclosure requirements for the executive and board compensation under proposed rules that the NCUA sent out for public comment today.
On-Site Coverage: More CUs at CAMEL 4 and 5
ALEXANDRIA, Va. — NCUA CFO Mary Ann Woodson told the board today that as a result of the sluggish economy, 5.58% of all insured shares are in credit unions with CAMEL 4 or 5 ratings and there are 337 credit unions with such ratings.

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Students Get a Big Dose of Reality With CUNA’s Mad City Money
You’re 17, you don’t have a care in the world. All of a sudden you’re given a career, an income, a family, debt and bills to pay.

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On The Credit Union Scene

US FCU Employees Compete to Kiss the Goat
In a fundraising competition, US Federal Credit Union employees voted on which executive employees should have to kiss a goat...

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Editor's Colunm
See what Credit Union Times Editor-in-Chief Sarah Snell Cooke has to say about the hot-button topics on credit union executives' minds this week.
A Salute to Credit Unions
November 18, 2009
The recent Veterans Day holiday marked the cessation of combat in The Great War in the 11th hour of the 11th day of the 11th month....

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