Daily Briefing for Thursday, March 11:
Is NCUA Putting Cart Before Horse, er Gorilla, On Corporate Proposal?
ALEXANDRIA, Va. – Credit union executives and volunteers overwhelmingly are urging NCUA that before undertaking a reform of the corporate system it move to insulate credit unions from the growing losses in the corporates, what one NCUA Board member referred to as the "800-pound gorilla."
- First Tech CU No Stranger To Mega Merger
- Amplify FCU Pumps Volume On Expansion Plans
- Bethpage FCU’s New Marketing Campaign Introduces Beth, Paige
- Generations FCU Adds Branch In Goodwill Store
- CDCUs Offered $1 Million Capital Infusion
- Former Manager Jailed For Dormant Accounts Scheme
- First Community FCU Acquires Ailing Education First CU
- Dupaco Community CU’s Bob Hoefer Wins GAC Home Theater Raffle
- Stubborn Teller Thwarts Serial Robber
- Career Criminal Imprisoned For Hold Up At Holy Rosary CU
This Week's Lead Stories
Consolidating 27 Corporates Into 1 National Entity Proposed
WARRENVILLE, Ill.-Corporate credit unions are lobbying NCUA mightily for their future, with one plan emerging that would combine all 27 corporates into a single entity serving the whole country.
Senate Abandons Plans For Consumer Protection Agency
WASHINGTON-Leaders of the Senate Banking Committee apparently have agreed on a scheme for a consumer financial protection agency, but the latest plan would establish the initiative as an office inside the Treasury Department, rather than creating a new bureaucracy.
Mid-Atlantic Corp Unveils New Membership Structure
MIDDLETOWN, Penn.-Members of Mid-Atlantic Corporate FCU here will have to make a long-term commitment to the institution or potentially face higher costs for products and services when its new structure goes into effect.
How Aspire FCU Is Taking Advantage Of Toyota Recall
CLARK, N.J.-With the recall of millions of Toyota models reverberating throughout the country, Aspire FCU here is making an effort to calm any fears its Toyota-owning membership may have-and also generate additional loan volume.
CUSO Irony: CEOs Decline to Invest in Opportunity
NEWPORT BEACH, Calif.-For most of their history credit unions have rued the fact they are a superior option to banks but many consumers still don't join.
Special Report
Insurance
The credit union industry, at CUNA Mutual Group's urging, embarked on a quest to drive down credit card fraud. Now, several years later, CU Journal explores how successful that effort has been and also delves into debit card fraud, identity theft and other insurance issues in this week's special report.
Special Report
Growth Strategies
Credit unions have seen an influx of new members, due as much to their own efforts as conditions beyond their control, including national campaigns spurred by anger at large banks to urges consumers to move their money to credit unions. But will credit unions be able to retail all these newfound members? CU Journal explores the member retention dilemma in this week's special report.
Special Report
Credit & Debit Cards
As card issuers gear up for the Feb. 22 implementation of the CARD Act, the race to get portfolios into compliance just keeps getting tougher as even more reform and regulation is coming down the pike. Learn more about upcoming compliance issues and how they're affecting pricing, as well as implementation. Bonus coverage includes how rewards programs are driving revenue.
