Daily Briefing for Friday, February 3:
Judge Eyes Dismissal In Another NCUA Wall Street Suit
WICHITA, Kan. – A federal judge issued a show cause order yesterday, jeopardizing NCUA’s suit against Wachovia Securities for the sale of failed mortgage backed securities to WesCorp FCU and U.S. Central FCU because NCUA has yet to legally serve the Wall Street bank, now a unit of Wells Fargo, more than two months after bringing the suit.
- Fiserv Has Surge In Fourth Quarter Earnings
- Earnings Flat At Cardtronics
- TDECU Builds Insurance Agency With Two More Deals
- Elevations CU Wins 10-Year Contract With U Of Colorado
- Mortgage Rates Drop Again To New Lows
- CU Direct CUDLs With Open Dealer Exchange
- Keesler FCU Signs For Geezeo’s PFM System
- CommonWealth One FCU Announces July Retirement Of CEO
- Arkansas FCU Gives $68,000 To Children’s Hospital
This Week's Lead Stories
Net Income Statements Move From Red To Black
ALEXANDRIA. Va.-The nation's biggest credit unions brushed off NCUA's $2-billion corporate credit union assessment in the third quarter and moved past the huge loan losses of the prior three years to record one of their best years ever in 2011.
Social Needia
FERNDALE, Mich.-Credit Union ONE here has begun offering financial advice to members via its Facebook page.
Check, Please: Rising Fees Could Drive New Members
LAKE BLUFF, Ill.-A debit card fee led to Bank Transfer Day. Now a big jump in bank overdraft pricing could add to the wave of bank customers moving over to credit unions, according to one analyst.
CUNA Mutual Clamps Down On Employee Theft, Embezzlement
MADISON, Wis.-CUNA Mutual Group said it has taken on a policy of "aggressively" pursuing civil litigation against credit union employees who steal from its insured CUs.
New Rules Proposed For Struggling Loans
ALEXANDRIA, Va.-NCUA last week proposed new rules for troubled debt restructurings that will cover how all federally insured credit unions account for delinquencies, charge-offs and income related to troubled home mortgages and member business loans, as well as for how those loans are reported on NCUA's quarterly Call Reports.
Special Report
Growth Strategies
In this issue Credit Union Journal works to fulfill its editorial mission and respond to readers with more than a dozen strategies for driving growth.
Special Report
Technology
This week's special report on technology includes a pair of roundtables — one with a group of technology executives discussing what will hold their focus in 2012, and another with solutions providers who share their views on developing consumer and credit union trends.
Special Report
Loan-Building Strategies
In this issue Credit Union Journal profiles lending experts and credit unions themselves for ideas and strategies on how to grow the lending portfolio in 2012. Ideas range from old-standbys to new approaches, with a goal of offering Journal readers some fodder for growth.
