Credit Union Times Magazine April, 24 2013
The biggest obstacles to credit unions launching or growing a housing finance program are lack of staff, concerns about compliance and a lack of leadership from the highest executive levels, according to credit union executives and housing finance consultants.
The NCUA has contradicted itself regarding the basis of a member’s lawsuit against the $161 million St. Helens Community FCU of St. Helen, Ore., and the examples of those contradictions are documented and working their way into court.
Tax reform debate began in earnest for credit unions April 11, when representatives from CUNA and NAFCU were called to Capitol Hill to plead their case for preserving the industry’s tax exemption before a House Ways and Means Committee working group.
Front Page News
The NCUA’s official reason for liquidating the $2.4 million Shiloh of Alexandria FCU on April 12 is that the community development credit union was insolvent and had no prospect for restoring viable operations.
LAS VEGAS — What good would offering members a new app for their mobile phones or building a stronger social media presence do if there is a crumbling wall of trust between a CEO and employees? Credit unions continue to be reminded that survival for many of them means earning...
Joe Montana paid homage to his father during his address last week at NACUSO’s annual conference. His father wasn’t a big jock, but he could work the fundamentals with him, like tying a tire swing up in a tree–not to swing on–but to throw the football through. His father would...
As many as 30 credit unions in West Virginia and Ohio have been scrambling to establish new correspondent vendors after a regional and national bank terminated their accounts over the past few weeks.
If credit unions want to stay two steps ahead of their competitors, a lofty yet doable goal is ensuring that their boards, supervisory committees and auditors put their differences aside and get on the same page
Fort Campbell Federal Credit Union, Clarksville, Tenn., employees have been busy for charity. They donated their time and talent to help three worthy causes: the Christian County Heart Walk, Empty Bowls and Bowl for Kids’ Sake. They raised $2,875 for the American Heart Association’s annual Heart Walk event held at...
CO-OP Financial Services said that its provider of remote deposit capture software, Ensenta Corp., has been granted patent protection for its risk mitigation software.
Elizabeth Hamilton is stepping down from 70 years of service to the credit union industry, marking the end of her tenure as the longest-serving credit union volunteer in U.S. history, according to the North Carolina Credit Union League.
Today, too many executives view their boards of directors as a cost of doing business instead of the strategic asset these groups of experienced leaders can and should be for their organizations.
While exterior ATMs and night depositories offer convenience and easy access, security should be a primary concern to keep customers safe. Incidents of crime can have an impact from a brand reputation and liability perspective with lasting repercussions. Since there are no federal laws and regulations in only 13 states,...
Securityplus Federal Credit Union, Baltimore, announced the hiring of John Godwin as the new chief operating officer. Godwin joined Securityplus FCU after a 12 year career at MECU of Baltimore, where he served as vice president – business development/strategic alliances. During his tenure, MECU increased its number of select employee...
The new Patient Protection and Affordable Care Act health insurance fee could add about 1.7% to the cost of commercial coverage from a profit plan in 2014.
Letters to the editor
At the recent hearing of the U.S. House of Representatives Financial Services Financial Institutions Subcommittee on credit union regulatory burdens, a credit union trade association proposed that the size of the NCUA Board increase from three members to five members.
Resource CenterView All »
There no longer needs to be a trade-off between strong security on the one side...
Lenders willing to serve Gen-Y consumers face regulatory and economic challenges, but risk missing out...
The convenience of online and mobile banking shouldn’t come at the expense of your members’...
Download this whitepaper and learn about the benefits of straight-through processing and how you can...
Texas Capital Bank is an $11 billion bank primarily serving commercial accounts in Texas. Its...
View this on-demand webinar and learn how BECU, Bellco Credit Union, TTCU and hundreds of...
Learn about the latest security measures available to mitigate the risks associated with advanced mobile...
This white paper examines the importance of adapting to changes in fraud attacks without significant...
To learn how you and your institution can stay compliant with the new proposed FFIEC...
Could plastic cards become a thing of the past? This white paper explains what constitutes...