Credit Union Management

Despite the uncertainty and legal challenges over the Patient Protection and Affordable Care Act, credit unions need to stay the course and proceed with changes required by the law, said Brad Pricer, senior manager of employee benefits product management at CUNA Mutual during the Texas Credit Union Leagues annual meeting.

David Addison, the former president/CEO of the troubled Texans Credit Union, has resurfaced.

For the second time in a month, credit union leaders were counting their blessings there were no employees injured in a devastating tornado.

Despite having a small percentage of business members, some credit unions believe they are now better positioned to grow their penetration in the small business market than they were prior to the start of the financial crisis a few years ago.

At a recent credit union meeting when I raised the subject of the NCUAs recent proposal to permit credit unions to voluntarily prepay assessments, earning 0% interest with the agency, CEO heads were shaking. All in disbelief and all in response to the question, Will your credit union be participating?

It is not news to us in the financial services industry that times are tough. Yields are low, margins are nonexistent and loan rates (if we can make loans at all) are at historic lows. Yet with these almost insurmountable challenges, we are expected to continue investing in our businesses...