Credit Union Times Magazine May 9, 2012

Featured Story

Front Page News

  • MBL Bill: Trades Sticking to Plan A

    Even after news that a vote on S. 2231 won’t happen as quickly as hoped, credit union trade associations say they aren’t pursuing a Plan B to promote legislation that would raise the member business lending cap to 27.5% of assets.

  • Exam Moves by NCUA Gain Praise

    NCUA’s examiner training in Orlando last month and listening sessions this summer are a step in the right direction, trade organizations say, and senior NCUA officials have been open to discuss exam issues and ways to improve the process.

  • Texans Credit Union Reports Profitability

    From shutting down unprofitable branches to refocusing its efforts on consumer loans, Texans Credit Union is hoping some of those moves will help bring it out of conservatorship.


  • THINK 12: Creativity Is Focus of One Session

    BOCA RATON, Fla. — A rocket scientist with NASA and a former CEO of a nationwide food chain offered their perspectives on creativity to credit union executives attending CO-OP Financial Services' THINK 12 Conference last week.

  • THINK 12: Billy Beane Explains the Power of Data

    BOCA RATON, Fla. — CO-OP financial Services' annual THINK Conference lived up to its reputation for presenting credit union industry leaders with unexpected and diverse ideas as consultants, CEOs, academics and other professionals shared their histories and approaches.

  • Taxi Lenders File Suit in New York City

    With claims that a plan from the mayor of New York’s office to create up to 18,000 livery cabs would create unfair competition with the city’s yellow cabs, an association of credit union lenders has filed a lawsuit to halt the effort.

  • North Island Credit Union Re-Enters Card Issuing Fray

    Despite a persistently struggling national economy and a local economy that has performed even more poorly, the San Diego, Calif.- based North Island Credit Union is reporting success with an effort to get back into card issuing.

  • Health Care Law Sparks Concerns for Employers

    As the nation awaits the U.S. Supreme Court’s decision regarding the Patient Protection and Affordable Care Act, the implications of health care reform continue to be murky for employers.

  • Remote Doc Signing a Must

    Allowing members to manage their financial products remotely isn’t a luxury for credit unions these days. It’s a necessity. Especially for university-oriented credit unions, whose members are likely to move away from their primary service areas, online and mobile access is a must.

Editor-in-Chief's Column

On-Site Conference Coverage

  • NACHA Conference: Mortal Danger for Small FIs

    BALTIMORE — Call this the loud message out of NACHA 2012: Financial institutions can choose to innovate. Or to die. And the pressures are higher on community banks and credit unions for a painful reason.

  • Zeus Botnets Are Taken Down by Unique Team

    BALTIMORE — The NACHA session opened with dramatic video. Microsoft lawyers accompanied by U.S. marshals swooped into a characterless office building in Scranton, Pa., where they proceeded to seize computers that had been used to host giant botnet networks of zombie computers that–unbeknownst to their owners–were under the control of...

  • Card Security Concerns Do Not Dampen CSCU Meeting

    ST. PETERSBURG, Fla. — An undercurrent of concern about how card processor FIS was handling some of its ongoing information security problems was not enough to dissuade 321 payment executives from 131 credit unions that use the processor from meeting April 25-29 to celebrate card success and strategy.

Tech Bytes


  • Guest Opinion: ALM Model Assumptions Need to Be Tested

    An asset-liability management model makes a number of complex calculations for computing your credit union’s interest rate risk. The model’s results depend on the assumptions and whether the model was set up correctly to handle them.

  • Guest Opinion: Personal Touch Taps the Soul

    I have had the extraordinary privilege of building relationships with credit union marketing professionals across the country in credit unions that fall into all asset categories and fields of membership. Hundreds of conversations have taken place during which the challenges associated with credit union marketing have been discussed, debated, and...

News Briefs

In Memoriam

  • In Memoriam: Anne Kostynick, President Emeritus

    Nassau Financial Federal Credit Union reported the death of Board President Emeritus Anne L. Kostynick. After serving the credit union for 55 years and holding the position as president for the past 20 years, she had recently retired from the Westbury, N.Y.-based credit union.



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