Credit Union Times: May 07, 2008

Red Flags Hover as November Nears
SAN DIEGO — Seems like it was just yesterday when credit unions were scrambling to meet the new FFIEC requirements for protecting consumer identities online.

Service CU CEO Simmons Receives Presidential Award
KAISERSLAUTERN, Germany — On April 24, NCUA Chairman JoAnn Johnson presented the President’s Volunteer Service Award to Gordon A. Simmons, president/CEO of Service Credit Union. ...

Will CU Mortgage Market Go Into Reverse?
GIG HARBOR, Wash. — Anyone looking for a bright spot in the darkening mortgage market may find relief in this demographic factoid: 78 million baby boomers are about to turn 65. That’s three years older than the minimum age required to secure a reverse mortgage.

NACUSO: Gimme Some Lovin’
LAS VEGAS — It didn’t take long for the Blues Brothers to work up the crowd at NACUSO’s annual conference kickoff into a feet-tapping, hand-clapping sing and dance-a-long.

CURRA Fate Uncertain After House Setback
WASHINGTON — Credit unions and their congressional allies are trying to determine their next move after House leaders canceled last week’s scheduled vote on the Credit Union Regulatory Relief Act, after an all-out lobbying campaign by the bankers.

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