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Charter Oak to Keep Alliance After Insurance Firm Sale
The $635 million Charter Oak Federal Credit Union said it will continue to work with the company that recently bought an insurance owned by one of its CUSOs.
CU Learns Value of Credit Card Rewards Program
The $86 million Delta County Credit Union, headquartered in Escanaba, Michigan, recently learned how much rewards can boost a credit card program.
NCUA Liquidates First American CU
NCUA has liquidated the $137 million First American Credit Union of Beloit, Wisconsin.
Cheney “Disappointed” with NCUA’s Amended WesCorp Charges
CUNA CEO Bill Cheney said he is “disappointed” NCUA has chosen to pursue gross negligence and breach of fiduciary duties charges against him in the Western Corporate FCU lawsuit.
NCUA's Amended Defendants List in WesCorp Case Adds Two, Excuses 13
An amended NCUA complaint against former officials with Western Corporate FCU added two former WesCorp employees not originally named.
NCUA: Private Label MBS Concentrations Killed WesCorp
Increasing concentrations of non-agency MBS drove Western Corporate FCU to failure, NCUA said in its amended complaint against former directors and officers yesterday in U.S. District Court.
Court Docs Describe Siravo and Swedberg’s Alleged SERP Scheme
NCUA used strong words – false, misleading, willful and malicious – to allege a scheme by former Western Corporate FCU officers Robert Siravo and Tom Swedberg to increase their Supplemental Executive Retirement Plan payouts.
Trade Associations Address Advisory Board
The President's Economic and Recovery Advisory Board has drawn letters from both CUNA and NAFCU after its Aug. 31 report mentioned taxing credit unions as a potential way of improving the federal tax system.
Advisory Report Triggers Wisconsin Fight
The report from President Obama's Economic Recovery Advisory Board that mentioned taxing credit unions has sparked a flare up in the ongoing fight between banks and credit unions in Wisconsin.
Connecticut CUs Keep MBL Before Legislators
For the second time this month, Connecticut credit union representatives have met with Rep. Jim Himes (D-Conn.) to discuss the proposed member business lending cap.
First Citizens’ FCU Opening Branch in Shuttered Bank Building
In a changeover with noteworthy symbolism, the $500 million First Citizens’ Federal Credit Union of Fairhaven, Mass. has taken over a vacant bank building in Mattapoisett, a coastal community, opening it as a CU branch.
California CUs Seek To Counter Negative Column
Los Angeles credit unions, smarting from a negative article in a local business journal hitting on poor performance, stepped up a quiet media campaign this week countering that “not all credit unions are suffering.”
NCUA Amends WesCorp Complaint to Include Fraud
The NCUA Board, serving as conservator plaintiffs in the Western Corporate FCU lawsuit, filed an amended complaint today in U.S. District Court that alleges more serious charges than those originally filed.
CUNA, NAFCU Downplay Tax Threat
Both CUNA and NAFCU sought to downplay a recent suggestion from the President’s Economic Recovery Advisory Board that taxing credit unions might be one way to increase government revenue.
Feinberg Meets With Southeast League on Oil Spill Claims
Southeast credit unions, striving to serve and assist victims of the BP Oil Spill, are hoping they have a friend on loan guarantees in the government’s claims czar, Kenneth Feinberg.
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Summit Credit Union Finds Remote Deposit Capture Helps the Sell to SEGs
Home remote deposit capture is the latest tool in the chest for Summit Credit Union as it competes for members, SEG by SEG.

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Editor's Column
See what Credit Union Times Editor-in-Chief Sarah Snell Cooke has to say about the hot-button topics on credit union executives' minds this week.
Business Decisions That Turn Hair a Whiter Shade of Pale
August 25, 2010
We all make tough business decisions where there is no black and white, only shades of gray. ...

Credit Union Exchange

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Still Searching for a Credit Union, Still Coming Up Empty
Staff Reporter Lindsey Siegriest discusses why she is not a credit union member.
Lack of Young Blood Runs Deeper Than Membership
"What are credit unions doing to attract, retain and reward the future leaders of the industry?" Guest Blogger Tim McAlpine asks.
It's Just Business
The decision to run the story on Tom Glatt Sr.'s personal misfortune was the right one. Let me explain.

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