Marvin Umholtz

  • Cheney: Political Polarization Driving Positive and Negative Advocacy Feedback

    CUNA has been receiving feedback regarding league endorsements and PAC donations that reflect divide, said President/CEO Bill Cheney.

  • Corporate Stabilization Fund Improved Last Year

    The Temporary Corporate Credit Union Stabilization Fund made progress against legacy asset losses in 2011, improving the fund’s net position from 2010, according to audited financial statements released by the NCUA. The fund also received a clean report from outside auditors.

  • Overdraft Fishing by Lawyers Seen

    California Credit Union League President/CEO Diana Dykstra said she’s upset about a string of lawsuits in her state accusing credit unions of unfair and illegal overdraft practices. And she accused attorneys in the state of “fishing for members.”

  • Karnes: Overdraft Lawsuits Seek to 'Play the System'

    CUSO CEO's comments about suits against California credit unions accused of ordering transactions to maximize overdraft fees.

  • Bankers Form a New Super PAC

    Former credit union lobbyist Marvin Umholtz said the industry shouldn’t fear a new banker super PAC, saying the Friends of Traditional Banking PAC, will function “more like a scalpel than a battle axe.”

  • Alloya, CenCorp Intend to Go Big

    Go big or go home. Those five words outline exactly what is happening with the proposed merger of $1.8 billion Warrenville, Ill.-based Alloya with $1.5 billion Southfield. Mich.-based CenCorp. It’s a marriage of corporate credit unions that, if approved by CenCorp members and regulators, will produce an entity with assets...

  • Alloya, CenCorp Intend to Go Big: Print Preview

    Proposed corporate merger would produce one of the nation's largest remaining corporate credit unions. Find out more in this preview from next week's print edition.

  • Umholtz: New Banker PAC Nothing to Fear

    Former lobbyist Marvin Umholtz said credit unions shouldn’t fear the new Friends of Traditional Banking PAC, saying it will function “more like a scalpel than a battle axe.”

  • Credit Unions 2030: A Look Way Ahead

    Come 2030, credit unions will be in business serving up some kind of financial services, essentially one generation removed from today. However, getting there will be as wrenching—as full of dislocations and pains—as was the shift from 1950s-style credit unions with no share drafts into today’s full-service financial supermarkets.

  • Credit Unions in 2030: Print Preview

    In this print preview from next week's edition, experts look at what the industry may look like a generation from now.

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