Credit Union Times Magazine-November 26, 2014

Issue Gallery ›

  • Bank Software Spin-Off Sets Target on MBLs

    Peter Strozniak

    Brian Quinn, assistant vice president for business services at the $857 million Franklin Mint Credit Union in Broomall, Pa., is the first to admit the system he's using to process member business loans is archaic and inefficient.

  • Credit Unions Best Banks in Mobile

    Credit Union Times

    CHICAGO When it comes to iPhone apps, credit unions have a considerable lead over banks, according to Malauzai Software.

  • CUSOs: Focus Report

    Michelle A. Samaad

    From the implementation of new rules that call for additional reporting requirements to risk-based capital worries, CUSOs had a tumultuous 2014. With advocates vowing to keep the pressure on in 2015 to ease regulatory scrutiny, credit unions are forging ahead with new alliances to stay competitive.

  • 3 Ways to Transform Your Branches

    Meheriar Hasan

    A lot has changed since the first credit unions opened in 1852. Today, members manage their finances through a variety of digital platforms including PCs, tablets, and mobile phones.

  • NCUA Passes 4.2% Budget

    Nicholas Ballasy

    ALEXANDRIA, Va. The NCUA Board approved a 4.2% budget increase for the fiscal year 2015 in a monthly meeting that was filled with tension, thanks to debate between Chairman Debbie Matz and Board Member J. Mark McWatters.

  • Fighting Ongoing Threats in 2015

    Guy Messick, Brian Lauer

    This year has been an exciting and pivotal year for CUSOs as they continue to be an incredibly important part of the credit union industry.

  • Small Credit Unions Drop Health Coverage

    Credit Union Times

    Some small credit unions are deciding not to offer group health insurance to employees, according to the 2014-2015 CU Staff Benefits Report released by CUNA Nov. 13.

  • CUNA Council Talks Employee Wellness

    Credit Union Times

    For credit unions seeking to assess whether wellness programs make good business sense, the CUNA HR/TD Council announced the publication this week of a white paper examining credit union wellness programs from the ground up.

  • Cybersecurity Model May Aid Credit Unions

    David Morrison

    ARLINGTON, Va. A U.S. Treasury official who spoke at a symposium on credit union cybersecurity reiterated that credit unions should be doing more to defend their operations against attacks.

  • NCUA Sues CU CEO for $19M

    Peter Strozniak

    The NCUA alleged in a lawsuit that Maria Hernandez, the former CEO of the failed El Paso Federal Credit Union, stole millions to buy homes in Texas, Florida and Nevada, to pay for lavish trips and for gambling.

  • Home Values Continue to Rise

    Credit Union Times

    Quicken Loans, the nation's second largest home mortgage lender, reported the week of Nov. 10 that home values in most of the nation's major metropolitan areas continued to increase in October, rising an average of more than 2% from September to October of this year.

  • Credit Union Hit by $175M Scam

    Missy Baxter

    A Wisconsin credit union has disclosed it is among the victims of an alleged nationwide fraud scheme that may involve more than $175 million in bogus U.S. Department of Agriculture-backed loans that were sold to financial institutions, retirement funds, municipal groups and other investors across the country, according to the...

  • People

    Peter Westerman

    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.

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