Credit Union Times Magazine May 2, 2012

Featured Story

Front Page News


  • Cards: PINs vs. Signatures Sparks Industry Debate

    As the payment industry begins to move toward replacing magnetic stripe cards with cards that use embedded smart chips, credit unions and other card issuers will have to eventually decide whether they will issue cards that use personal identification numbers or signatures to validate transactions.

  • Catalyst Fights Patent Firm Challenge

    In one corner there is Plano, Texas-based Catalyst Corporate. In the other there is Dallas-based IP Navigation, a firm that specializes in “patent monetization.” There also was a letter, sent by IP Nav to Catalyst. And then Catalyst responded with a suit filed in the US District Court in the...

  • Student Lending Advantage Opens for Credit Unions

    Lending giants U.S. Bank and JPMorgan Chase recently announced they had eliminated and reduced their private student lending programs, respectively. JPMorgan Chase will only make private student loans for existing customers.

  • Financial Adviser Academy Aims to Break Old Habits

    For financial advisers, the traditional methods used to help members when it comes to their long-term planning needs may be going the way of the dodo bird.

  • Puzzlement Over NCUA Rebuff of Indemnification

    Now you have it, now you do not. Puzzlement has percolated on the part of some in the industry over the insistence by the NCUA that indemnification and coverage of legal fees incurred by the onetime WesCorp officers it is suing are not owed. That is, the defendants (now down...

Editor-in-Chief's Column

  • Editor’s Column: Regs Must Protect and Serve

    In life you depend on a lot of people. Your family and friends, your doctor and your banker, for example. They’re there to keep you healthy, and even sane at times, and your important belongings safe. These people in your life have been there with you and worked to earn...

People Feature


Letters to the editor

  • Letter: Banks vs. CUs: The Real Flower Shop

    I loved the flower shop analogy used by Paul G. Merski in his “CU’s Fundamental Injustice” letter in the April 11 issue. His point was well made. He just didn’t carry the analogy to its conclusion.

News Briefs

  • Buffalo Metro FCU Celebrates 75th Year

    Buffalo Metropolitan Federal Credit Union is celebrating its 75th anniversary on later this month.

  • KeyPoint CU Names Canfield CEO

    KeyPoint Credit Union announced that Brad Canfield is the credit union’s new president/CEO. Canfield joins the Santa Clara, Calif.- based credit union with more than 25 years of experience in the financial services industry, including executive leadership roles at BECU and 1st Security Bank. He succeeds Tim Kramer, who was...

  • Jeanne D’Arc, at 100, Shows Kindness

    Surprising customers at Dunkin Donuts on Lakeview Avenue in Dracut recently, Jeanne D’Arc Credit Union employees performed a random act of kindness by handing out free T-shirts and $5 Dunkin Donuts gift cards.

  • NCUA Names Ninichuk to Small CU Team

    NCUA Board Chairman Debbie Matz recently announced the appointment of Martha J. Ninichuk as deputy director of the Office of Small Credit Union Initiatives.

  • Oceanside FCU Names Chairman

    Oceanside Christopher Federal Credit Union announced the appointment of Kevin Timoney as chairman of the board.

In Memoriam

Tech Bytes

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