Credit Union Management

ATLANTIC CITY, N.J. -- NCUA Associate Region II Director for Operations Herb Yolles told New Jersey credit unions today that NCUA examiners are going to on the lookout for five particular problems.

ATLANTIC CITY, N.J. -- Consultant Stuart Levine picked apart key issues with credit union governance through a series of interactive questions at today's Reality Check conference hosted by the New Jersey Credit Union League.

ATLANTIC CITY, N.J. -- Credit unions need to buck up and take responsibility for their financial issues, according to Brett Christensen, owner of CU Lending Advice, LLC.

As the SBA gears up for its annual festivities honoring small businesses, credit unions could once again be among the candidates recognized for their lending efforts.

Large banks may be in survival mode now, but "once they get their TARP funds back" these competitors will become more challenging than ever to credit unions, former NCUA chairman Dennis Dollar warned California/Nevada CU leaders late Friday.

The troubled $851 million Arrowhead Credit Union of San Bernardino, Calif. is selling off five of its branches to the $3.9 billion Alaska USA FCU, it was announced Thursday.

As part of its cost-cutting over the last year, ailing Arrowhead Central Credit Union has cut its staff by a fifth to 400 and has shrunk its loan portfolio "way down" in three areas-autos, home equity and RVs, said Larry Sharp, president/CEO.

It may be difficult for the SEC to pinpoint if the latest round of Ponzi schemes involving retired bus drivers, the elderly and Cuban-Americans were credit union members.