Peter Westerman

About The Author

  • Seattle's push to let gig drivers unionize faces fresh test

    February 05, 2018

    Seattle billed itself as a laboratory for the gig economy with a plan that would allow ride-hailing drivers who work for companies such as Uber and Lyft to unionize. That bold effort is set to be scrutinized in a federal appeals court.

  • HSA How-To

    January 01, 2018

    If an employer wants to offer employees pretax payroll deferrals to their health savings accounts, the employer needs to first create a Section 125 plan or cafeteria plan that allows HSA deferrals.

  • CFPB Director Richard Cordray to step down

    November 15, 2017

    A champion to consumer advocates, Cordrays exit this month from the Consumer Financial Protection Bureau lets the Trump White House install a more industry-friendly head of the CFPB.

  • Future-proof

    November 01, 2017

    Bret Brummitt is a managing partner at A.G. Insurance, a benefits firm that strives to lead the industry as pioneers who create improvement that touches the lives of those they serve.

  • We planned for 2018 ACA subsidy changes: Centene

    October 25, 2017

    Executives from Centene Corp. told Wall Street securities analysts today that they expect their high-performing Affordable Care Act public exchange plan business to continue to do well in 2018, even if the cost-sharing reduction subsidy goes away.

  • Be open to change

    October 01, 2017

    Cara Kirsch is vice president at SilverStone Group, a full-service resource management organization offering customized services to meet business and private clients specific needs.

  • Sun Life Stories: Julie

    August 17, 2017

    When Julie lost her job, she thought she lost everything. See how Sun Life helped.

  • Looking back and moving forward

    June 01, 2017

    Many of us, including myself, started our firms out of our homes. The one thing I didn't anticipate when I started out on my own was the loneliness factor. I came from a company with hundreds of employees and thrived off of the hustle and bustle. That buzz was noticeably...

  • Weathering the storm

    April 01, 2017

    What qualities must a broker have to succeed in today's changing benefits landscape?

  • Lights out?

    March 01, 2016

    On November 2, 2015, the Bipartisan Budget Act of 2015 was signed by President Obama.

  • PPACA Repeal?

    February 01, 2016

    On January 8, President Obama vetoed a Republican-backed measure that would have repealed the Patient Protection and Affordable Care Act.

  • Consumers still don't understand HSAs, HRAs

    September 01, 2015

    Businesses need to turn up the heat in educating consumers about health savings accounts and health reimbursements accounts, according to Acclaris, a tech consulting firm for account-based health care plans.

  • Is PPACA really a job killer?

    September 01, 2015

    A handful of analysts and politicos have warned that Patient Protection and Affordable Care Act provisionsmost notably the employer mandatewould have a negative impact on employment, cut jobs and reduce full-time workers hours.

  • Zenefits versus ADP

    September 01, 2015

    As I read the recent back and forth between Zenefits and ADP, I could almost hear an industry breathing a sigh of relief.

  • Oops!

    September 01, 2015

    The broker's job description in today's changing health care market is similar to running a marathon for nine months, followed by an all-out sprint when open enrollment season starts in the fall.

  • HR: Grieving at the Office

    September 01, 2015

    The death rate in the United States is holding steady at 100 percent. Nevertheless, the grieving process is the last thing most employees want to talk or even think about.

  • People

    April 24, 2015

    The $82 million Inspire Federal Credit Union in Bristol, Pa. appointed Karen Walter as senior vice president and chief operating officer and Lou Hyjurick as director of information technology. Walter joined the credit union with more than 18 years of experience and previously served as executive vice president at First...

  • Credit Union Management

    Human Resources: Focus Report

    March 15, 2015

    Credit unions have been trying creative ways to attract and retain qualified employees, including a unique employee concierge service. Meanwhile, millennials who crashed GAC used the event to further their careers. Find out how in this Focus Report.

  • Denver Fraud Ring Indicted

    March 15, 2015

    Two women who led a fraud ring that targeted four credit unions, eight banks and other businesses throughout the Denver metro area for more than a year were indicted on March 5.

  • Snow Buries Boston Economy

    March 15, 2015

    New England credit unions may see a dip in their card interchange income this quarter, according to First Data Corporation.

  • Startup Seeks Funding for CU Search Engine

    March 15, 2015

    CUCollaborate, a startup firm based in Washington, has launched an effort on kickstarter.com to raise funds for a software platform called Credit Union Match.

  • People

    March 15, 2015

    The $1 billion Jeanne DArc Credit Union hired Barry Cohen as its vice president of operations and Rose Ruggiero as assistant vice president of collections. Cohen holds 16 years of experience in the financial services industry as well as extensive experience in operations management. Ruggiero has 26 years of experience...

  • Feds Bust $1M Fraud Ring

    March 08, 2015

    Washington federal prosecutors busted a large fraud ring that stole nearly a $1 million from three credit unions and four banks over five years, according to a 60-count indictment filed in U.S District Court in Seattle last week.

  • Dunn to Leave CUNA After 27 Years

    March 08, 2015

    Mary Dunn, CUNA deputy chief advocacy officer and senior counsel, is departing the association next month, CU Times has learned.

  • Lynrocten FCU CEO Pleads Guilty

    March 08, 2015

    Former credit union manager Linda Sue Newcomb pleaded guilty Friday to embezzlement, bank fraud and aggravated identity theft charges in a $10 million loan fraud scheme that led to the May 2013 collapse of the $13.8 million Lynrocten Federal Credit Union in Lynchburg, Va.

  • NAFCU Fires Back at Bankers

    March 08, 2015

    NAFCU responded to recent attacks launched by the American Bankers Association radio and print ads against credit unions with letters to congressional leaders.

  • Reducing Insider Fraud

    March 08, 2015

    Fraud contributed to more than 40% of federally insured cooperatives closing their doors forever.

  • Community/People News

    People

    March 01, 2015

    Read about this week's new hires, promotions and other career milestones in the credit union industry.

  • CUs Warn Congress of QM's Harm

    February 20, 2015

    During a Feb.12 congressional hearing, credit union executives detailed the harmful effects of the CFPB's Qualified Mortgage rule on their institutions.

  • People

    February 20, 2015

    Read about the latest credit union career moves, honors and milestones in this week's People news.

  • Credit Union Helps Bust Tax Fraud Scam

    February 13, 2015

    In January, 16 individuals were indicted in a $10 million federal income tax fraud scheme that was initially uncovered by the $262 million Widget Financial Federal Credit Union in Erie, Pa. last spring, according to federal prosecutors.

  • People

    February 13, 2015

    Round-up of latest credit union new hires and promotions.

  • AEA's 2014 Focus Aids Bottom Line

    February 06, 2015

    The $238 million AEA Federal Credit Union in Yuma, Ariz., reported net income of $3.8 million for 2014, while operating under a conservatorship.

  • Texans CU Continues Growth Trend

    February 06, 2015

    The $1.4 billion Texans Credit Union, operating under a conservatorship, posted year-end net income of $21.7 million for 2014.

  • People

    February 06, 2015

    Tamara Darvish joined the $18.5 billion Pentagon Federal Credit Union in Alexandria, Va., as its EVP of business development and government and community affairs.

  • What we’ve learned

    February 01, 2015

    In todays environment its not only a good idea to try something new - its absolutely necessary.

  • Ridge Joins CUNA's GAC Lineup

    January 30, 2015

    Tom Ridge, the first U.S. Department of Homeland Security Secretary, will deliver a keynote address at CUNA's Governmental Affairs Conference in March.

  • Suncoast Wins Arena Naming Rights

    January 30, 2015

    The $6 billion Suncoast Credit Union and Florida Southwestern State College have announced construction on the school's new athletic facility, the Suncoast Credit Union Arena, scheduled to break ground in mid-2015.

  • People

    January 30, 2015

    The $521 million IC Federal Credit Union in Fitchburg, Mass., announced Brenda Bujnevicie as SVP of mortgage lending & loss mitigation; Christine Lane was promoted to SVP of risk & budget; Bruce Mathieu was promoted to SVP of retail & consumer lending; Philip Richards is now SVP of operations &...

  • Children's Credit Union Book Debuts

    January 25, 2015

    Mike Berenstain, heir to the iconic Berenstain Bears franchise, was set to launch his new book The Berenstain Bears Visit the Credit Union at Grace Park Elementary School in Swarthmore, Pa., Jan. 22.

  • PenFed Adds Nearly $1B in 2014

    January 25, 2015

    Pentagon Federal Credit Union celebrated the New Year by adding $963 million in growth, bringing total assets for the Alexandria, Va.-based institution to $17.8 billion.

  • Credit Union Ousts Staff After Exam

    January 25, 2015

    Claudia A. Rawes, manager/CEO of the $12 million Centra Health Credit Union, and two other employees were placed on administrative leave following a state and federal examination, according to a prepared statement on the credit union's website.

  • People

    January 25, 2015

    EASTKatie Armstrong joined the $203 million Boston Firefighters Credit Union in Dorchester, Mass., as its vice president of finance. Armstrong, a CPA,…

  • NCUA Bans Hawaiian ‘Den of Thieves’

    January 12, 2015

    The NCUA issued prohibition orders Dec. 31 that banned six former credit union employees from federally insured institutions. Three of the six were from the $12.6 million OTS Federal Credit Union in Honolulu, which an FBI agent described as a den of thieves

  • OIG Will Audit NCUA's IT Security

    January 12, 2015

    The NCUA's Inspector General's office will investigate whether the NCUA has proper controls in place to safeguard agency hardware such as laptops and hard drives from loss or theft.

  • People

    January 12, 2015

    EASTThe $638 million Webster First Federal Credit Union in Worcester, Mass., said Executive Vice President/CFO Paul Richard retired Dec. 31 after 23 years…

  • Buffalo CUs Survive Epic Snowstorm

    December 07, 2014

    After being buried under more than seven feet of snow, business as usual has finally returned to credit unions in Buffalo, N.Y.

  • NCUA Bans Five in November

    December 07, 2014

    Five individuals have been banned from participating in the affairs of any federally insured financial institution, the NCUA said Nov. 26.

  • People

    December 07, 2014

    The $1 billion APG Federal Credit Union in in Edgewood, Md., hired Melinda Maluga as vice president of human resources and Nancy Rosso as marketing communications director. Maluga brings more than 15 years of human resource management and most recently served as administrative vice president of human resources for the...

  • People

    November 21, 2014

    The $674 million St. Mary's Credit Union appointed Larissa C. Thurston as CFO and SVP of finance. Prior to joining the Marlborough, Mass.-based cooperative, Thurston served as vice president and controller of the Bank of New England in Southern New Hampshire.

  • ATM Giants Renew Surcharge-Free Deal

    November 14, 2014

    Point-of-sale network CU24 and Allpoint, a national ATM network, have extended an agreement to continue offering access to the more than 55,000 surcharge-free ATMs through CU24.

  • CUs Appeal to Tokenization Startup

    November 14, 2014

    An executive with a startup credit card company that focuses on tokenization for card security said the firm would be open to working with credit unions to begin issuing its card.

  • Loans Growing

    November 14, 2014

    Credit union executives said auto and mortgage lending are the first and second best opportunities for credit union growth in 2015.

  • People

    November 14, 2014

    The $837 million St. Anne's Credit Union of Fall River, Mass., announced the promotion of Fatima Mello-Gouveia to branch manager. She joined the credit union in 2008 and most recently held the position of assistant branch manager.

  • Credit Unions Should Not Serve Undocumented Immigrants

    November 14, 2014

    After reading Peter Strozniak's article, Outreach Efforts Continue Despite Immigration Reform Stall, (CU Times, Oct. 1, 2014), I thought for a moment that I must have read about some of our politicians who would gladly sell their country in return for votes and that infamous American form of bribe known...

  • Navy Federal Debuts Apple Pay

    November 07, 2014

    The $62 billion Navy Federal Credit Union announced Nov. 3 its support for Apple Computer's new Apple Pay mobile retail payment system.

  • People

    November 07, 2014

    MIDWESTRuth Jenkins, president/CEO of the $463 million Heritage Federal Credit Union in Newburgh, Ind., was named to the Indiana Credit Union League Hall…

  • Former CU Employee Bilks Accounts

    November 03, 2014

    A former credit union employee pleaded guilty to bank fraud in U.S. District Court in Albuquerque, N.M., the week of Oct. 20 and admitted to using members accounts to pay debts and place a down payment on a house.

  • Fake CU Operator Heads to Prison

    November 03, 2014

    A U.S. District Court judge in Alexandria, Va., sentenced Timothy J. Coughlin, 63, of Indianapolis to more than seven years in federal prison the week of Oct. 20 for embezzling $10 million through a fake credit union.

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