Credit Union Times Magazine February 22, 2012

Front Page News


  • U.S. Central ACH Hike Causes Run for the Exits

    Many worried credit union eyes now are on July 1, the date when the NCUA has said it will bump up ACH fees for U.S. Central Bridge customers by 80%. That looming price hike has triggered a quick rush to the exits as corporates and their members race for alternatives.


Editor-in-Chief's Column


  • Philly CUSO Reaches $100 Million

    With a 56% expansion in its business-lending portfolio last year, American Heritage Federal Credit Union is proving that growth is possible despite the odds.

  • Tax Season Aid and Loans Abound at CUs

    Tax season can be a daunting time of year for credit union members. Some, who view their annual refund as a much-needed source of extra cash, want to maximize their refund opportunities. Others, who owe taxes, may be wondering how they’ll afford payments. To ensure the process runs smoothly regardless...

  • Charter Oak FCU Named Mortgage Leader

    A second credit union has been formally recognized as a mortgage leader in its community.

  • Kern Schools FCU’s Financials Shine

    After a net loss of $12.8 million in 2010, the $1.2 billion Kern Schools Federal Credit Union in Bakersfield, Calif., declared 2011 its best year for financial performance since 2007. The CU announced a net income of $22.4 million for 2011 and a net worth ratio that jumped from 4.31%...

  • With Fannie and Freddie Changes Afoot, Maryland CU Prepares

    The 44,000-member, $540 million National Institutes of Health Federal Credit Union, headquartered in Rockville, Md., has been working to prepare its housing finance program for whatever the federal government may choose to do with the two giant mortgage entities Fannie Mae and Freddie Mac.

  • P2P Breakout Awaits

    You don’t need cash to buy a box of Girl Scouts’ Thin Mints from David Cale, CEO of Financial Plus Credit Union.

  • Mobile Bill Pay Demand Is the Future

    Imagine paying your house payment while riding in a double decker bus in London or making your Visa payment while waiting for a plane.

  • Mobile Glut Is Still Far Off

    Few people have ridden the growing wave of mobile banking – or perhaps helped drive it – more than Drew Sievers.

  • Sen. Bachus Denies Charges

    House Financial Services Committee Chairman Spencer Bachus (R-Ala.) predicted that he would be cleared of charges that he violated insider trading laws.

  • Md. Student Branch Opens

    The school store at Edgewood High School in Harford County, Md., now shares its space with APG Federal Credit Union’s first student-run branch. APGFCU, based in Aberdeen, in partnership with the Edgewood High School/Academy of Finance, officially opened the doors of its new Ram Branch with a ribbon-cutting ceremony this...

Letters to the editor

  • Letter to the Editor: The Time Is Right for Secondary Capital

    Credit unions have worked very hard over the past few years and have seemingly come through the worst economic times since the Great Depression. We as an industry are still able to say that we did not need the government to bail us out, and that credit unions are still...


News Briefs

  • Bluepoint Is Moving to Vegas

    Following a year touted for what it called spectacular growth, Check 21 specialist Bluepoint Solutions is preparing to move from its Southern California home to a new headquarters in the Las Vegas area.

  • Larry Wilson Retiring From Costal FCU

    Larry Wilson will retire this year after 38 years as general manager and then president/CEO of what has become the $2 billion Coastal Federal Credit Union.

  • Utah CU Finishes Landmark Renovation

    Cyprus Credit Union is Utah’s oldest credit union and has been serving members since 1928. In the early years, Cyprus was run from board members’ homes and Kennecott Copper offices. In 1959, Cyprus Credit Union moved into its first formal office on Main Street in Magna, Utah.

  • CEO Linda Cupit Retires

    After 31 years of dedicated service, Linda Cupit, president/CEO at Sabine Federal Credit Union, has retired.

  • Vt. Business Lending Regs May Change

    Credit unions in Vermont could see several changes to the state’s credit union business lending regulation.

  • Mo. Names Commission Members

    Richard Orr and Susie Venable have been confirmed as members of the Credit Union Commission following a hearing for the Missouri Senate Gubernatorial Appointments Committee.

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