Credit Union Times Magazine-March 22, 2017

DOL and Retirement

Tonya Knudesn

Will the fiduciary rule give way to frivolous class-action claims brought under the Employee Retirement Income Security Act?

Putting More Union in Credit Unions

Jim DuPlessis

Credit union executives gather to rekindle the spirit of cooperation within their ranks.

As Washington Fiddles, the Congressional Clock Ticks

David Baumann

In case you haven't noticed, things have gotten a bit more insane in our nation's capital.

News

Tonya Knudesn

Callahan Dives Deep Into 2016 CU Merger Trends: Infographic

Tim Schafer

See details on merger trends, including the rate of mergers and how mergers affect CU asset size.

FocusReport: Mergers

Tonya Knudesn

All credit union mergers are initiated with members best interests in mind, right? Wrong. Learn about a disturbing new trend in which a well-capitalized merger may not benefit members and instead places the cooperative model in jeopardy, in this Focus Report.

Manage EMV Chip Card Inventory: TMG

Tonya Knudesn

Payments processor TMG announced a new web-based tool to help credit unions better manage their plastic card stock. TMG, headquartered in Des Moines, Iowa, said this task has become more complicated for many financial institutions in recent years as global demand for EMV chip plastic has increased.

CU News: Readers Sound Off

Tonya Knudesn

News stories focused on credit union services, the CFPB, the Trump administration and the relationship between politics and the media got readers fired up this past week. Here's what they had to say on cutimes.com.

1.1M Student Loans Default In 2016

Tonya Knudesn

Analysis of Department of Education data revealed a 17% increase in 2016 in the number of Americans in default on federal direct loans serviced by companies hired by the federal government.

CU Direct: Declining Auto Sales a Boon to Buyers, Test for Lenders

Tonya Knudesn

CU Direct reported overall car sales will fall this year with used car sales and leasing accounting for an increasing share of transactions.

Trump Issues Exec Branch Restructure Order

Tonya Knudesn

President Donald Trump issued an executive order to reorganize and streamline the executive branch of government, which includes such federal agencies as the Securities and Exchange Commission and the Cabinet including the departments of Labor and Justice as well as the Social Security Administration.

People

Tonya Knudesn

The Minnesota Credit Union Service Corporation elected Trina Hoff, president/CEO of the $71 million Northern Communities Credit Union in Duluth, Minn., to its board of directors. Hoff filled the seat left by former NCCYou president/CEO Larry Champeaux, following his retirement in December of 2016. Hoff has been an employee of...

Credit Card Bonus Points Programs Fuel Wanderlust

Natasha Chilingerian

Ill admit it: I am the credit card holder no financial institution wants.

The Dark Side of Credit Union Mergers

Peter Strozniak

Experts explore a disturbing new trend in which mergers may not benefit members and place the cooperative model in jeopardy.

A CEO's Merger Battle

Peter Strozniak

Credit union mergers are normal. What's not normal is when a former CEO leads an opposition group against the merger.

Best Practices for Credit Union Buyers, Sellers and Mergers of Equals

Vincent Hui

A Cornerstone advisor shares best practice tips to help credit unions realize the greatest value from a merger.