Credit Union Times Magazine November 2, 2011

Featured Story

  • TDR Tracking, Demanded by NCUA, Makes CUs Bristle

    Credit unions by and large have been seen as the good guys in the ongoing housing finance crisis. In general, more conservative underwriting prevented most credit unions from making the mortgage loans that were most likely to wind up delinquent.

Front Page News


Editor-in-Chief's Column

Letters to the editor

  • Letter: Goodbye to Constitution Corporate

    Before the memory of Constitution Corporate FCU is reduced to the result of a random Internet search, the one-year anniversary of its conservatorship was a time to reflect on a day that continues to impact a small but dedicated staff that served their members for more than 30 years.

  • Letter: Ensure Due Diligence in Conversion Bids

    Chuck Bruen’s letter [Oct. 12, page 30] prompted by the announcement of Technology Credit Union’s intention to convert to a thrift charter, made a number of excellent points and should be thoughtfully considered by all credit union executives and trade groups.

  • Letter: On Conversions and Debit Fees

    I just finished your editor’s column in the Oct. 12 issue ["BofA, Tech CU Are Not the Enemy"], and I must say you hit the nail on the head.


News Briefs

  • Rookie CU Off to a Fast Start

    After seven months in operation, Chippewa Eagle Federal Credit Union in Mount Pleasant, Mich., has reached the $2 million mark and is nearing a thousand members, the credit union and its core processor said.

  • CO-OP Offers Miracle Match for 2012

    Applications are now being accepted for matching grants from CO-OP Financial Services for the 2012 CO-OP Miracle Match program benefitting Children’s Miracle Network Hospitals.

  • Card CUSO Gets Custom License

    United Solutions Co., a Tallahassee, Fla.-based CUSO, has been granted a U.S. card customization patent license and dismissed from a group of defendants in a lawsuit filed in June by London-based technology vendor Serverside Group, the vendor said.

  • Sweepstakes Signups at PSCU

    The 135 credit unions that participated in PSCU Financial Services’ summer bill pay sweepstakes saw an overall 15% increase in new subscribers and 14% increase in activations, the company said.

  • No Fees for Life at Bethpage FCU

    A lifetime of no debit, maintenance, minimum balance or foreign ATM charges awaits new members who open checking accounts at the $4.2 billion Bethpage Federal Credit Union.

  • Mobile Banking at Horizons North CU

    The 8,100 members of $67 million Horizons North Credit Union in Northglenn, Colo., can now bank on their mobile phones.

  • Business Loans on the Rise

    Financing from credit unions and small, regional banks are on the rise, according to one firm.

Focus Report

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