Credit Union Times | Accurate and Timely CU News

Air Academy FCU Lays Off 19 in Branch Makeover

By Jim Rubenstein

Even as it absorbs its lumps and lays off employees from the slump in home lending, the $419 million Air Academy Federal Credit Union of Colorado Springs, Colo., made clear last week it is on a mission to emphasize online and electronic tools.

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Member Sues Suncoast Over Mortgage Mess

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RDC Reaches Adoption Plateau, Says Report

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November 20, 2011

NCUA Rethinks Corporate Too Big to Fail Policy

What a difference 10 months makes. Thats a prevailing thought in corporate credit union circles as executives digest the reports, unconfirmed by the NCUA, that two of the leading bidders for the failed Western Bridge corporate are Alloya (formerly Members United) and Catalyst (formerly Southwest Bridge plus Georgia Corporate). This...

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November 20, 2011

Inspector General Tells NCUA to Beef Up Data Protection

The NCUA needs to do a more thorough review of how it protects the privacy of its computer users and data, according to a report by the agencys Office of Inspector General.

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November 20, 2011

Fraud: Report Points to Need for Robust Prevention

Cybercrime and malware are the top online fraud threats financial institutions face today, and theyll continue to top the list of threats over the next two to three years, according to a new report from research firm Aite Group.

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November 20, 2011

Coupons Offer Auto Dealer Connections and Member Incentives

With the decline in vehicle loans expected to be a drag on overall loan growth well into 2012, credit unions may be searching for even more ways to boost revenue.

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November 20, 2011

Short-Term Loans Help Members Break the Debt Cycle

Short-term loans are in demand. According to a recent Wall Street Journal report, payday lender and pawn shop share prices jumped in October. Some credit unions are taking this opportunity to provide similar products, but at a lower cost and with a different philosophy in mind. While payday lenders encourage...

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November 20, 2011

Corporate Merger Mania on the Horizon?

There may be only four or five corporate credit unions within 10 years. There isnt that much business out there. "The small wont survive, predicted John Fiore, CEO of Motorola Employees Credit Union and a key figure in the recapitalizing of Members United as Alloya. Within a couple years we...

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November 18, 2011