Credit Union Times | Accurate and Timely CU News

UFCU Confirms It Was DDoS Victim

By Robert McGarvey

Texas credit union hit again by al-Qassam Cyber Fighters, joining Patelco as repeat target.

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Auto Loan Delinquency Rates Drop to Near Record Low: TransUnion

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Auto Loan Delinquency Rates Drop to Near Record Low: TransUnion

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February 27, 2013

TIPS,Rural Districts Approved

The NCUA Board presided over a monthly board meeting Feb. 21 that concerned mostly positive news for credit unions. Two new rules that expand investment powers and field of membership reach were approved. And year-end share insurance statistics showed improved CAMEL scores and legacy asset performance.

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February 27, 2013

Michigan League Links Literacy to Lawmakers

The Michigan Credit Union League has held its Legislative Financial Literacy Challenge for 10 years, so the basics are in place for this years event in April, according to Kieran Marion, director of government affairs.

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February 27, 2013

Trades Beef Up Their Services

The expansion of CUNAs Regulatory Advocacy Report distribution is the latest effort by trade associations to respond to industry calls for solutions to the growing regulatory burden.

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February 27, 2013

Alloya Net Twice Budgeted

The $1.4 billion Alloya Corporate FCUs net income of nearly $6 million as of Dec. 31, 2012 is more than twice what the Warrenville, Ill.-based institution projected. How did President/CEO Chuck Furbee and his team do it in an era of low investment rates and little loan demand?

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February 27, 2013

Well-Rounded Succession Plans Take a Broad Approach

Having some kind of a succession plan in place, even just knowing who will take a CEOs place in the event of his or her sudden departure, is a necessity for every credit union. But experts say the best succession plans dont just determine who future leaders will be. They...

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February 27, 2013

Durbin Exemption Fails to Protect Credit Unions From Impact

Roughly fifteen months after the Durbin amendment went into effect, the controversial legislation that capped debit card interchange for issuers with over $10 billion in assets has painted a mixed picture for most credit unions.

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February 27, 2013