Credit Union Journal articles from October 2008

Credit Union Journal archives from October 2008

CU Reaction Is Mixed To Bailout Legislation.
October 6, 2008... Byline: Ed Roberts, Washington Bureau Chief WASHINGTON-Congress was poised last week to pass the massive bailout of the mortgage markets to allow the U.S. Treasury to buy up to $700 billion in distressed mortgage securities from banks and...

SACU To Bring Lending Unit Back In-House.(News)
October 6, 2008... SAN ANTONIO-San Antonio FCU (SACU) said that its subsidiary, CU Factory Built Lending L.P., will be brought in-house as a new division. CU Factory Built Lending, a SACU subsidiary since 2004, provides and services manufactured home loans for...

WORTH NOTING.(News)
October 6, 2008... Int'l CUs Get Update On U.S. Economy MADISON, Wis.-Requests from outside the U.S. by credit unions wanting more information on how economis issues are affecting American CUs led the World Council of Credit Unions to host a webinar to...

Credit Union CFOs Talk Management.(News)
October 6, 2008... Byline: Ray Birch, Correspondent LANSING, Mich.-To manage risk in an economy that's turned even tougher, credit union CFOs say they are further scrutinizing credit quality and lending policies, as well as seeking out ways to access and...

NOW ON THE MARKET.(News)
October 6, 2008... Ellie Mae, First American Partner PLEASANTON, Calif.-Ellie Mae, a provider of software and services for the mortgage industry, has partnered with First American Title Insurance Co., a subsidiary of the First American Corp. to offer...

Former Examiner, Now Compliance Expert Warns That New Regulations Are On The Way.(News)
October 6, 2008... Byline: Michael Bartlett, Reporter NEW YORK-The former deputy superintendent of banks for the New York State Banking Department's Consumer Services Division has a warning for CUs: strict new regulations are on the way. Edward Kramer,...

What's Known Of Trade Group Merger, & Unknown By CU Staff.(Views & Opinion)
October 6, 2008... Byline: Frank J. Diekmann Should CUNA and NAFCU merge? Would credit unions be better represented in Washington by a CUNAFCU or a NAFCUNA? Credit union veterans know the argument has been around almost from the day NAFCU was founded by...

CALENDAR.(Views & Opinion)(Calendar)
October 6, 2008... OCTOBER Oct. 7-9 CU Association of Oregon Annual Meeting, Doubletree Lloyd Center Hotel, Portland, Ore. For info: www.cuao.org October 9-11 Kentucky Credit Union League 74th Annual Meeting and Convention, Galt House East...

Are Any CUs Now 'Too Big To Fail?'.(Views & Opinion)
October 6, 2008... Byline: Marvin C. Umholtz Are any credit unions too big to fail? The answer is paradoxically both "Yes" and "No." The question itself has become freshly relevant in the context of the U.S. Treasury and Federal Reserve intervention with...

Why The Fed Will Not Raise Rates.(Views & Opinion)
October 6, 2008... Byline: Brian Hague While expectations of an imminent Fed rate hike have dissipated over the last month, widespread speculation remains that the FOMC will raise rates this year, with futures markets pricing in nearly a 50% chance of a 25...

Congress Oks Measure to Expand CLF's Borrowings.(Washington Watch)
October 6, 2008... Byline: Analysis by Ed Roberts WASHINGTON-Congress approved a stopgap funding bill for the federal government which includes new borrowing authority for the Central Liquidity Facility, the emergency loan fund operated by NCUA. The...

From Wall Street To Your Street; Analysts Offer Insights Into What Big Bank Mergers Will Mean.
October 6, 2008... NEW YORK-As the nation continues to shudder at the upheaval in the financial system, some analysts are suggesting there is the proverbial silver lining for providers such as credit unions, if they can leverage the significant window of...

Chicago-based Alliant Acquires Bay Area's Kaiperm.(Washington Watch)
October 6, 2008... Byline: Analysis by Ed Roberts OAKLAND, Calif.-NCUA liquidated troubled Kaiperm FCU last week and sold the remnants of the one-time $145-million credit union to Alliant CU, the $6-billion Chicago credit union formerly known as United...

AGENDA.(Washington Watch)
October 6, 2008... Events NCUA CU Roundtables are being hosted in Omaha Oct. 7, Clarksburg, W.V. Oct. 18; Buffalo, N.Y. Oct. 18; Denver Oct. 25. NCUA is hosting a CU Workshop in New Orleans Oct. 18. NCUA Board Meeting is on Oct. 16. Comment ...

PEOPLE.(Washington Watch)
October 6, 2008... St. Mary's Bank, Manchester, N.H., named Seth Zeigler financial consultant. Consumers Credit Union, Kalamazoo, Mich., named LeAnne Lindenbach senior loan officer. The Cleveland/Bradley County Teachers FCU, Cleveland, Tenn., named Mary...

CU Expands Revitalization Plan.(News From cujournal.com)(St. Mary's Bank )(Brief article)
October 6, 2008... MANCHESTER, N.H.-St. Mary's Bank said it is expanding its support of the City of Manchester's West Side Revitalization Plan, with a new loan program that offers a special pricing for West Side property owners. The program will offer loans at...

Fingerprint Biometrics Added.(News From cujournal.com)
October 6, 2008... CHEVY CHASE, Md.-GEICO, FCU said it has implemented US Biometrics' AccessQ fingerprint biometrics system for controlling physical access to its facilities. US Biometrics worked with GEICO to specify and implement the hardware and software...

MSU FCU Opens New HQ.(News From cujournal.com)
October 6, 2008... EAST LANSING, Mich.-Michigan State University FCU celebrated the completion of its new 140,000 square-foot home offices last week. The $1.5-billion credit union hosted local and state dignitaries last week and plan to host a separate event for...

50th Birthday Features 4.5% CD.(News From cujournal.com)
October 6, 2008... LAFAYETTE, La.-University of Louisiana FCU this week celebrated its 50th anniversary this week with giveaways and promotions, including a 4.5% CD. The promotional CD brought in $1.8-million of new funds in one day. The $32-million CU started in...

Credit Union 24 Expands Access.(News From cujournal.com)
October 6, 2008... TALLAHASSEE, Fla.-Credit Union 24, the largest credit union-owned ATM and point-of-sale (POS) network in the U.S., said the number of surcharge-free ATMs available to members of member credit unions has now passed 50,000 for the first time. ...

CU Biz Lenders Say Market Opportunities Are Growing.(Special Report: Lending)
October 6, 2008... Byline: Ray Birch, Correspondent Credit unions' growing presence in commercial lending and additional opportunities in such loans aren't projected to dry up anytime soon, according to the leaders of several CUSOs that specialize in member...

Program To Turn Indirect Members Into Full-Fledged Members Shows Promise.(Special Report: Lending)
October 6, 2008... Byline: Matt Blumenfeld, Reporter BOULDER, Colo.-It's the Holy Grail for many credit unions: converting members gained through indirect loans into full-fledged, engaged members. Two credit unions participating in a pilot test of a...

Corporate CUs Neutral On Plan; MBS Losses Up.
October 6, 2008... Byline: Ed Roberts, DC Bureau Chief WASHINGTON-More corporate credit unions reported last week that losses on their mortgage securities continued to increase, just as Congress was debating a plan to buy distressed mortgage assets. But...

Green Auto Loan, Competition Among Employees Boosts Loans By $10 Million.(Special Report: Lending)
October 6, 2008... Byline: Matt Blumenfeld, Reporter ROCKVILLE, Md.-A new twist in auto lending and competition among employees was exactly the shot in the arm that one credit union needed to boost its loan portfolio by more than $10 million. MCT Federal...

Ike's Other Victims: CU Employees; In Texas, Some Credit Union Staff Put Members' Welfare Before Their Own.(News)
October 6, 2008... Byline: Ray Birch, Correspondent GALVESTON, Tex.-As credit unions have found ways to keep operations going following Hurricane Ike by borrowing generators and working out of makeshift or damaged facilities, what's really kept member service...

Ike's Other Lesson: From Katrina; One Mississippi CU Has More Than Doubled Assets Since Hurricane Hit.(News)
October 6, 2008... Byline: Matt Blumenfeld, Reporter JACKSON, Miss.-With the fate of some CU facilities on Hurricane Ike-battered Galveston, Texas still unknown, one credit union hit hard by Hurricane Katrina three years ago offers some HOPE among the rubble....

Creation Of Multi-Trillion-Dollar Institutions Has Some Questioning New Risks.(News)
October 6, 2008... WASHINGTON-The acquisition of Wachovia Corp. by Citigroup and Washington Mutual by JP Morgan Chase & Co. has created a new risk-related concern among some analysts: institutions so large the failure of any one of them could cripple the...

FDIC Turns To 'Systemic Risk' Exception To OK Merger.(News)
October 6, 2008... WASHINGTON-In order to facilitate the sale of Wachovia Corp.'s assets to Citigroup earlier this week the Federal Deposit Insurance Corp. used the "systemic-risk" exception for the first time in history. The exception allowed the FDIC to cover...

It's Mighty Good 'Work' If You Can Get It.(News )(compensation and benefits of CEO, Alan Fishman of Washington Mutual Inc.)(Brief article)
October 6, 2008... SEATTLE-When its ailing balance sheet forced federal regulators to seize Washington Mutual, its new CEO, Alan Fishman, was in just his 17th day on the job. But don't look for Fishman to be seeking out a credit union that serves the underserved....

Not All Mergers Involve 'Trillions'.(News)
October 6, 2008... BRATTLEBORO, Vt.-The $45.2-million River Valley CU said it will absorb via merger the $1.6-million Windham County VEA Credit Union, which has approximately 1,040 members. In a statement to members on its website, WCVEA CU said, "Increased...

A Return To 'Good Old-Fashioned Intermediation'.(News: Four Views On What Market Changes Mean To CUs)
October 6, 2008... Byline: Lisa Freeman NEW YORK-It's no coincidence that credit unions survived the Great Depression, so it should come as no surprise that the increasingly gloomy economy may actually mean even better times ahead for the cooperative...

Opportunity? Yes, But It Won't Happen Right Away.(News: Four Views On What Market Changes Mean To CUs)
October 6, 2008... Byline: Lisa Freeman WASHINGTON-These current market should be golden opportunity for credit unions, but one expert suggests it could be some time before CUs reap the rewards for being conservative, safe and sound during a time of crisis....

Banks Perceived As 'Disconnected.' So Connect.(News: Four Views On What Market Changes Mean To CUs)
October 6, 2008... Byline: Lisa Freeman ST. LOUIS-Beware of paralysis. "There's almost a split in the market, and everyone is just about frozen in the execution of the strategies they have been building for the last three to five years. The market has...

Members Race To Put Funds In 'Safety & Soundness' CD.
October 6, 2008... Byline: Ray Birch, Correspondent BAXTER, Minn.-Concern over financial institution stability has prompted Mid Minnesota FCU to introduce the "Safety and Soundness CD," a 13-month offering that paid 3.75% APY at press time and had attracted...

Too Big To Fail, Not Too Big To Target.(News: Four Views On What Market Changes Mean To CUs)
October 6, 2008... Byline: Lisa Freeman WEST DES MOINES, Iowa-While the new combinations of JPMorgan Chase/Washington Mutual and CitiGroup/Wachovia are in scramble mode, now is the time to launch an offensive move to develop and cement your position,...

Quick Reads.
October 6, 2008... An Appreciation Day--In Belgium SUITLAND, Md.-Andrews FCU held a Member Appreciation event at its Chievres, Belgium branch as part of the credit union's year-long 60th Anniversary celebration. In addition to food and fun activities,...

CU Views On The Federal 'Bailout' Plan.
October 6, 2008... WASHINGTON-As the Senate sent yet another bailout bill to the House late last week, credit union executives were expressing doubts on a credit union role, even as they conceded the bailout will benefit them by the effects it will have on the...

Senators: Bill Is 'Sad,' 'Mad As Hell,' Harmful.(News)
October 6, 2008... WASHINGTON-During six-hour debate in the Senate, almost every senator said he or she is opposed to the idea of the huge bailout, but the majority said they believe a crash in the credit markets will ensue if the bailout is not approved. *...

Why Gen X And Gen Y Can Be Ideal Member Prospects.(News)
October 6, 2008... Byline: Michael Bartlett SEATTLE-The trademarked slogan for youth-focused Brass magazine is "Young Today. Rich Tomorrow," which the CEO says is precisely the reason for credit unions to sign up its readers as members. Bryan Sims,...

Tennessee CU Gets $200K Grant To Help With Homeownership.(News)
October 6, 2008... CHATTANOOGA, Tenn.-The Federal Home Loan Bank of Cincinnati said it approved seven grants totaling $781,300 in funds under the American Dream Homeownership, including $200,000 for Tennessee Valley FCU to help provide accessible condominium...

Ruling Issued On Dismissing Board Mbrs.(News)(Brief article)
October 6, 2008... OLYMPIA, Wash. - State-chartered credit unions may dismiss a member of its board of directors if the member misses four regular meetings in a year without being reasonably excused, state regulators ruled last week. "In the event that a board...

Members Offered Credit Scores.(News)
October 6, 2008... HARRISBURG, Penn.-Pennsylvania State Employees Credit Union (PSECU) has begun making members' credit scores available to them via its home banking product, psecu@home. The FICO Score Service is free to qualifying members. On a monthly...

2 Montana CUSOs To Merge.(News)
October 6, 2008... HELENA, Mont.-Two CUSOs here are merging. UniPro Systems, which processes share drafts, prints statements and provides computer network security, is merging with CU Source, which is owned by 10 credit unions and provides data processing and...

Stuffers Stress Safety Of CUs.(News)
October 6, 2008... WEST PALM BEACH, Fla.-Statement stuffers that speak to CU safety and soundness can be found at www.cujournal.com.

Business Lenders Expect More Scrutiny of Monitoring, Policies.
October 6, 2008... Byline: Ray Birch, Correspondent TALLAHASSEE, Fla.-With examiners on record that member business lending will be scrutinized (CU Journal, April 18), leaders of CUSOs that specialize in MBLs said they are finding regulators' focus is on...

ON DEADLINE.
October 6, 2008... Manager Commits Suicide After Possible Theft CHICAGO-Authorities are investigating the books of two tiny CUs after their manager left a suicide note confessing to stealing thousands of dollars from one of them. Walter Feulner, 65, was found...

Schwarzenegger Vetoes CU-Supported California Data Security Bill For Second Time.(News)
October 6, 2008... Byline: SACRAMENTO, Calif. SACRAMENTO, Calif.-A data security bill supported by the California Credit Union League has been vetoed by Gov. Arnold Schwarzenegger. Last week's defeat marked the second consecutive year CCUL-backed...

NCUA Backs Ads In National Media To Explain CU Deposits Are Insured.(News)
October 6, 2008... ALEXANDRIA, Va.-The fact that deposits at most credit unions are federally insured are being featured in an advertising campaign set to appear in newspapers around the country, beginning last week with USA Today. Created and paid for by...

NAFCU Rebuffs Latest Talk Of Merger With CUNA.(News)
October 6, 2008... Byline: Ed Roberts WASHINGTON-NAFCU last week rebuffed any talk of plans to merge with CUNA and form one national credit union trade association. While CUNA has long favored such a merger, the recent discussion of such a combination...

CUs Offer Early Look At $700B Bailout's Implications.
October 13, 2008... Byline: Ed Roberts, Washington Bureau Chief WASHINGTON-The Treasury Department last week was hastily developing plans for its bailout of the mortgage industry and accepted bids to manage up to $700 billion of assets it will buy from banks...

Members 1st FCU Not Slowed By Adverse Ruling.(News)
October 13, 2008... YORK, Penn.-Members 1st FCU continued to thumb its nose at the bankers, in the face of this summer's court-ordered roll-back of its field of membership, opening another new branch here. The fast-growing $1.5-billion credit union vowed to...

Numerica Sponsors Balloons Over Valleyfest.(News)(Brief article)
October 13, 2008... SPOKANE, Wash.-Numerica CU was the exclusive sponsor of Balloons Over Valleyfest, part of Valleyfest, a community event in Spokane Valley, Wash. Seven hot air balloons participated in the event by launching every morning from Friday through...

WORTH NOTING.(News)(National Foundation for Credit Counseling leading a "Protect Your Identity Week ")(NCUA reporting its Share Insurance 101 webinar drew more than 3,300 participants)(National Credit Union Foundation (NCUF) appearing in a full-page ad sponsored by the Better Business Bureau )
October 13, 2008... NCUF Sponsors aProtect Your Identity' Event SILVER SPRING, Md.-The National Foundation for Credit Counseling (NFCC) said it will lead a "Protect Your Identity Week (PYIW)" Oct. 19-25, when more than 100 NFCC member agencies nationally will...

Penny For Your Thoughts? Why 1 CU Offers $10 Instead.(News)
October 13, 2008... Byline: Michael Bartlett, Reporter SEATTLE-Seattle Metropolitan Credit Union gave back to the community last week. This is not a euphemism-SMCU literally gave back, handing out $10 bills to members who could answer one question: "If we...

NOW IN THE MARKET.(News)
October 13, 2008... College Planning Solution Offered By CFS CARY, N.C.-Collegiate Funding Solutions (CFS), a partner of PSCU Financial Services, is offering a web-based college-planning solution it says is simple to use, uses an online questionnaire for data...

Amid All The Red Numbers Elsewhere, One CU Finds Green.(Views & Opinion)
October 13, 2008... Byline: Frank J. Diekmann Amid all the other economic news, at least one credit union has its rivals green with envy. MAX Credit Union has just completed hosting its second annual "EcoMAX Home Expo" in Montgomery, Ala. The two-day...

CALENDAR.(Calendar)
October 13, 2008... OCTOBER Oct. 14-17 NAFCU Regulatory Compliance Seminar & Track II Compliance Program, InterContinental Mark Hopkins Hotel, San Francisco. Hotel: www.san-francisco.intercontinental.com. For info: www.nafcu.org/events. Oct. 16 ...

NCUA Missed Red Flags Just Before Several CU Failures.(Letters To The Editor)
October 13, 2008... Byline: Stuart Perlitsh As a CEO, your article: "Losses Mount At NCUSIF" (CU Journal, Sept. 22) is disturbing and disconcerting. Quarterly, the NCUA receives 5300 data. The lights are on but is anyone home at the NCUA? Looking at the...

Private Insurance Is Still Important Part Of Industry.(Letter to the editor)
October 13, 2008... Byline: Bruce A. Rodela I enjoyed the article and tips under the title, "MANAGEMENT: Navigating Troubled Waters: A Experts Share Strategies." (CUJ Sept. 29). However, the very last comment concerning private insurance is uncalled for....

Why Bad Hiring Decisions Can Be Devastating To CU.(Letters To The Editor)
October 13, 2008... Byline: David Deckelmann I could not agree more with Bill Morrow's story regarding defending against Identity Theft. One of our CUSO companies here at MaPS Credit Union in Salem, Oregon, is in the business of protecting credit unions from...

A Port In The Storm; CUs Reach Out To Members.(CU In The Eye Of The Storm)
October 13, 2008... BIRMINGHAM, Ala.-The crisis in confidence among consumers toward their financial institutions is leading to media campaigns across the country by CUs and trade groups stressing the safety of credit unions. In addition to advertising, state...

Why Making The Right CHOICE Is Key To Strategic Planning.(Views & Opinion)
October 13, 2008... Byline: Tony Emerson It should be no secret to anyone in credit unions that strategic planning is a major focus of regulators, as well as a very necessary process needed to ensure the growth and viability of an institution. Proactive...

Credit Unions In The Media.(Views & Opinion)
October 13, 2008... The Clarion-Ledger featured faith-based credit unions in a news story about a local school district employee who was able to move into a new home thanks to Hope Community CU in Jackson, Miss., which helped her obtain a $15,000 grant to use...

Research: Research Rule No. 1: CU's Goals Must Be Driving Force.(Viewpoint essay)
October 13, 2008... Byline: Neil Goldman What role should customization, trending and peer comparison play in research and what is their relative importance? The first rule in any research is that it should be driven by the organization's goals and...

Why Economic Upheaval Is Putting CUs In Driver's Seat For Auto Loans.(News)
October 13, 2008... Byline: Scott Painter As we all know too well, credit union members and consumers are struggling on several fronts. A tight economy and high fuel costs are making some people desperate for a deal on a more fuel-efficient car. And...

What CUs Must Do To Capture More Cost Savings From Processing.(News)
October 13, 2008... Byline: Douglas Turner and Joseph Pitzo Since the introduction of Check 21 legislation, financial institutions have been implementing remote capture strategies from a number of sources. Clearly the most widely adopted application has been...

$250K Increase Won't Cost Anything Initially.(Washington Watch)
October 13, 2008... Byline: Analysis by Ed Roberts WASHINGTON-Federally insured credit unions will not be charged a premium to increase the coverage of the National CU Share Insurance Fund to $250,000 per account, but the confidence-building effort could come...

More Ailing California Credit Unions Merged Out.(Washington Watch)
October 13, 2008... Byline: Analysis by Ed Roberts SAN DIEGO-State regulators said last week they have approved the merger of Financial 21 Community CU, a $133-million credit union that was wounded by an ill-fated foray into subprime auto loans, into...

Last-Gasp Bid for Deregulation by CUs.(Washington Watch)
October 13, 2008... Byline: Analysis by Ed Roberts WASHINGTON-Even with Congress approving the massive government bailout of the financial markets, the CU lobby was making a final pitch for its regulatory relief package. CUNA was calling on the Senate,...

AGENDA.(Washington Watch)
October 13, 2008... EVENTS NCUA CU Roundtables are being hosted in Clarksburg, W.V. Oct. 18; Buffalo, N.Y. Oct. 18; Denver Oct. 25. NCUA is hosting a CU Workshop in New Orleans Oct. 18. NCUA Board Meeting is on Oct. 16. COMMENT Federal...

PEOPLE.(Washington Watch)
October 13, 2008... Pentagon FCU, Alexandria, Va., named Brett M. Decker senior vice president of its charitable foundation. Greater Texas FCU, Bastrop, Texas, named Jennifer Lawhon branch manager. Dupaco Community CU, Dubuque, Iowa, named Tim Costello...

Investment Tips; Where To Stash Cash.(CU In The Eye Of The Storm)
October 13, 2008... Byline: Joyce Moed, Reporter COLUMBUS, Ohio-What investment strategy should credit unions be deploying in a struggling, even sinking economy? The same strategy deployed when the economy is strong, several analysts told Credit Union...

SELCO Opens 'Lending Outlet'.(News From cujournal.com)
October 13, 2008... EUGENE, Ore.-SELCO Community CU said it has opened a second Lending Outlet, a subsidiary operation that offers consumer loans and other services aimed at low-income people. In addition to assisting walk-in customers, the Lending Outlet...

TFCU Offers Low Rates On Refis.(News From cujournal.com)(Tropical Financial Credit Union)(Brief article)
October 13, 2008... MIRAMAR, Fla.-Tropical Financial CUannounced a special rate for businesses and commercial real estate borrowers who want to refinance their loans. Rates are starting at 5.99% on a 10-year term that is amortized over 20 years; this means...

CEFCU Entangled in Litigation.(News From cujournal.com)
October 13, 2008... BLOOMINGTON, Ill.-A state court refused to tie the foreclosure of a troubled $9-million condominium project financed by CEFCU to a lawsuit between developers of the project. The Peoria-based credit union giant is foreclosing on the $5.8...

Pacific Marine Opens Mobile Branch.(News From cujournal.com)
October 13, 2008... CAMP PENDLTEON, Calif.-Pacific Marine CU said it has partnered with Financial Service Centers Cooperative to make a shared mobile branch available to this sprawling military base, which covers roughly 200-square-miles and is home to more than...

CorporateOne's Advice To CUs: Stay The Course.(News)
October 13, 2008... Byline: Michael Bartlett, Reporter COLUMBUS, Ohio-Bailouts, mergers and failures, oh my! With bad news dominating the financial sector, Credit Union Journal asked a series of corporates and consultants what risk management advice they...

The Three Keys To Risk Management: Liquidity, Liquidity, Liquidity.(News)
October 13, 2008... DALLAS-The three most important words for credit unions today: liquidity, liquidity, liquidity. That was the message from Emily MorA[c] Hollis, CFA, partner with ALM First Financial Advisors, LLC, a fee-based financial advisory firm based...

cujournal.com SURVEY.(News)
October 13, 2008... In terms of risk management, we have: Installed technology solutions 0% Institiuted policy solutions 7% Both of the above 52% Made no changes 41%

NEW CU Products & Services ON THE MENU.(News)
October 13, 2008... Yolo ATMs Now Envelope-Free WOODLAND, Calif.-Yolo FCU awarded all of its ATMs to envelope-free deposit-taking capabilities. The CU is touting the use of the image-capture technology being more environmentally friendly-with the...

Under The Microscope: Latest Developments In Research.(News)
October 13, 2008... Decoupled Cards Could Have Legs In The Market ATLANTA-The introduction of decoupled debit cards, which allow an institution to issue a debit card a consumer can use to access funds from a different institution, has raised alarms at credit...

4 CUs, 3-Day Weekend, 1 DP Provider: Conversions Come Off Without A Hitch.(News)
October 13, 2008... Byline: Ray Birch, Correspondent SAN DIEGO-Converting one large credit union's core data processing system without any glitches can be challenging enough. But try switching over four shops in one weekend-including three billion-dollar CUs....

CDCU View; Troubles Trickle Down.(CU In The Eye Of The Storm)(community development credit unions)
October 13, 2008... Byline: Joyce Moed, Reporter CHICAGO-Their asset sizes are at the opposite end of those troubled institutions that have led to the $700-billion bailout by the federal government, but community development credit unions (CDCUs) expressed...

Why MN CUs Lead Way On Data Security.(News)
October 13, 2008... Byline: Michael Bartlett, Reporter ST. PAUL, Minn.-California Gov. Arnold Schwarzenegger's veto of CU-sponsored data security legislation was met with disappointment 1,880 miles away at the Minnesota Credit Union Network, which was the...