Credit Union Times Magazine December 5, 2012

Featured Story

  • Municipal CU Vows Amends After Sandy Snafus

    To understand what the aftermath of a disaster like Hurricane Sandy can do to a credit union look no further than the $1.8 billion Municipal Credit Union. In the difficult days following the super storm, MCU members became increasingly frustrated and furious, sharply criticizing the New York credit union for...

Front Page News

  • Fiscal Cliff Could Curse New Mexico

    As of June 30, New Mexico credit unions were thriving with a return on assets of 101 basis points, according to NCUA quarterly mapping data. That’s well above the national average of 0.86% ROA. However, the so-called fiscal cliff could curse profitability for credit unions in the Land of Enchantment.

  • Thrivent Switches to Credit Union Charter

    With its chartering announcement last week, Thrivent Financial Federal Credit Union began life as a credit union again, an identity it has not held since Thrivent Financial was formed out of two credit unions in 2001.

News

Editor-in-Chief's Column

  • Stop Honking: Cook Bankers’ Christmas Goose

    Third-quarter figures for federally insured credit unions last week were welcome news and the result of a lot of hard work by credit union professionals around the country. Certainly not a gift, though we all appreciate those (iPad2, please), but something to savor because you’ve earned it.

People Feature

Opinion

  • Let’s Get Existential or Face Becoming Extinct

    With increasing regulation, economic pitfalls, commoditization of financial services, and foreseeable competition from the likes of Google, Amazon, Apple, and cell phone service providers, CUSOs that continue to offer products and services in a traditional business model could become a liability to their credit union clients.

  • Many Complications for Remittances

    The large and growing need for affordable remittance transfer services represents an equally large business opportunity for credit unions. This is especially true for those U.S. cooperatives serving Hispanic members with family in Latin America.

  • A Farewell and Some Final Thoughts

    For nearly two years, I’ve been analyzing Gen Y–their preferences, where they’re coming from and what makes them tick–and suggesting how credit unions can tap into their market every month in this column. In 2013, Credit Union Times will retire the Gen Y Back Talk column, so this past month...

  • The Next Generation of Volunteers

    Gen Y, 76 million strong, will play a monumental role in what is projected to be, the largest transfer of wealth in the coming decades. With the average age of a credit union member at 47, credit unions continue to struggle to attract younger members. It is imperative that we...

News Briefs

  • Florida CUSO Names Yatros

    The Florida Credit Union Shared Services’ board of directors announced that it has selected Michael Yatros as the new chief executive officer.

  • Mich. Merger Announced

    Detroit Metropolitan Credit Union and Clawson Community Credit Union announced that the two financial institutions are merging, with Detroit Metropolitan remaining as the surviving credit union.

  • Tablet Market Is Skyrocketing

    Credit unions that adopt tablet-specific apps for their members are catering to a growing market.

  • Truliant FCU Merger With New River

    The $1.6 billion, 196,700-member Truliant Federal Credit Union will be merging the 1,500-member, $2.4 million New River Valley Truck Plant Federal Credit Union.

  • Randy Smith Is Retiring

    Randolph-Brooks Federal Credit Union CEO Randy M. Smith has announced plans to retire effective Dec. 31.

In Memoriam

  • Hall of Famer Nino Montani

    Lifelong credit union leader and New York Credit Union Hall of Fame member Nino Montani passed away Nov. 17 at the age of 90. A Niagara Falls resident, Montani had been a credit unionist since 1952, when he helped initiate the process that led to the founding of Hooker Employees...

  • Former Florida CEO Louise Daniels Hinton

    Louise Daniels Hinton, formerly of CAMPUS USA Credit Union in Gainesville, Fla., passed away last month at age 87.

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