• The economists

    Ever wonder what a number-crunching economist is really like. Turn to pages 30-31 to see what makes lead economists at NAFCU and CUNA tick.

  • Discover a new mall, marketing idea

    ATLANTA - In a co-marketing first, Discover Financial Services and The Mills Corporation have held the grand opening of the Discover Mills shopping center. The 1.3 million square-foot retail and entertainment center located in Gwinnett County is part of a 10-year partnership in which Discover Card is the preferred payment...

  • IT BUDGETS: Many CUs cutting IT budgets next year

    COLUMBIA, S.C. - Autumn is in full swing, and the sound of crunching fills the air - from leaves underfoot and on the desks of IT managers around credit union land as they work the numbers of their 2002 budgets in preparation for approval by their bosses and their boards....

  • Digital Defense's latest security solution gives non-tecchies a shot at risk assessment

    SAN ANTONIO - The tech-heads in credit unions may have no problem sifting through security assessment reports full of wild acronyms and tech jargon, but board members and non-tech management personnel can't make heads or tails of it. That's an issue CU security firm Digital Defense is out to fix....

  • Fed trims another 50 bp

    WASHINGTON - In a Federal Open Market Meeting Nov. 6, the Fed cut another 50 basis points off the target for the federal funds rate to 2%. Not only is this number a 40-year low, but it also drops the rate below the rate of inflation. The Federal Reserve Board...

  • IN MEMORIUM

    New York Sate Credit Union League, Latham, regretfully announces the passing of longtime credit union movement member Carl Colucci. Colucci, who served as president of the International Paper Company's credit union, was later employed by the League as a consultant until the mid-1980s. Colucci then served as manager of Kenton...

  • Fighting for CU right to tax-exemption

    WEST PALM BEACH, Fla. -First Entertainment Credit Union CEO Charles Bruen, who is also chairman of the California Credit Union League's task force on alternative sources of capital, defended credit unions' tax-exempt status in a letter to the editor responding to an October 2001 U.S. Banker article entitled Endangering The...

  • NAFCU's chief economist has brush with ground zero; doing what he loves

    ARLINGTON, Va.-Call it fate or destiny, but NAFCU Chief Economist Tun Wai was meant to live to serve credit unions. Wai checked out of the Marriott at the World Trade Center September 10. His flight out of LaGuardia Airport was cancelled due to weather but instead of returning to his...

  • Avoiding the Technology Trap

    New technologies continue to be released to consumers and businesses at a rapid pace, and as the technologies are adopted and prices fall, credit union executives may find themselves facing what can be called the "technology trap," which is purchasing technology for technology's sake. Conveniences such as online, real-time access...

  • CU trades like flexible exam schedule with quarterly reporting, but ask for more

    ALEXANDRIA, Va.-While CUNA and NAFCU expressed their support for the flexible examination schedule in conjunction with quarterly 5300 reporting, both wrote in official comment letters that smaller credit unions need additional flexibility. The trade associations pointed out that the new exam schedule would have benefits not only for credit unions,...