Headlines for Thursday, August 28:
FDIC Boosts Reserves by Staggering 2,000%
WASHINGTON – The Federal Deposit Insurance Corp. (FDIC) boosted reserves more than 2,000% during the second quarter to cover the costs of bank failures.
- Gulf Coast CUs Gear Up For Gustav
- CUs Seek ‘Positive Message’ at Convention
- Penn. CUs in Family Savings Account Program
- Former CFO Charged in Embezzlement
- Nearly 375,000 Students Hear From Credit Unions
- Another CU Warms Up to Winter Fuel Loans
- California Crusin’ Sweepstakes Offers $5,000
- Members Worried About Your CU? Help Put Them at Ease
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This Week's Lead Stories
State Examiners Tightening Scrutiny
ARLINGTON, Va. - When examiners visit state-chartered credit unions in the coming months management should expect tougher scrutiny of member business lending, vendor relationships, indirect lending, and HELOC portfolios, according to the trade group representing state agencies.
Bankers Press GOP, Dems To Add CU Directive To Platforms
WASHINGTON - Bankers called on both national parties last week to include provisions in their platforms that would strengthen the nation's banks and, among other things, to direct credit unions to focus on what they say is the credit union mission of serving the underserved.
Big Ticket ITem
WILLIAMSBURG, Va. - Technology budgets stick out like a sore thumb, especially during a tight economy-so managers better have good analytical tools and make sure IT spending is in line with the CU's strategic plan, information technology execs were told last week.
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Calif.
One Calif. CU Forced To Put Lid On Construction Loans
APPLE VALLEY, Calif. - The figure is as staggering as it was eye-catching: 20.45% of loans were delinquent at High Desert FCU as of June 30.
Special Report
Strategic Planning 2009
As credit unions get ready to sit down to do their strategic planning for 2009 and beyond, a dozen different experts and analysts offer Credit Union Journal readers insights and tips on strategic planning.
Special Report: Facilities
Is It Time To Expand
Why CUs Should Be Branching Out In Times Of Trouble
This week's special report explores why now is the right time to add branches instead of sitting tight and waiting for the economy to improve. Other stories in the report examing the technology being used to build branches as well as being used inside branchesand how some self-service technology can be a double-edged sword.
Special Report
Tumultuous Student Loan Market Offers CUs Opportunity
Recent changes to the federal student loan program has driven away a lot of players in the student loan market, creating a variety of opportunities for credit unions in both the private and federal student loan sectors. This is the first in a special CU Journal series.
