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Articles Tagged with 'recovery'

Repo Man Goes High-Tech

October 15, 2011
Auto repossessions are as American as apple pie, reaching nearly three million during the depths of the Great Recession. READ MORE

When Disaster Strikes

November 12, 2011
When Louisianans think about floods, they usually think of “water falling from the sky or blown in by the wind,” says Mignhon Tourné, CEO at $300 million asset ASI FCU. READ MORE

Meager Margins

December 12, 2011
Don't expect a turnaround until 2013. READ MORE

Selling Mortgages Might Be Easier Than You Think

April 01, 2012
Many members still recognize the benefits of home ownership and the fact that home prices are at historic lows. READ MORE

Disaster Planning: Seven Steps for Smoother Sailing

March 28, 2012
Testing often lands on the back burner, but it’s the only way to ensure the plan will work. READ MORE
May Cover

Credit Union Magazine

• May digital edition

May 2013

heroes

What's Popular

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Look into the Future of Finance

Finovate Highlights Industry's Best and Brightest

Scenes from FinovateSpring 2013

Gladwell: CUs are David to Banks’ Goliath

Lessons in Crisis Management from Sept. 11

Recent Discussion

In remembering Warren, the first thing I think of was his smile. He was a gentle, caring man who always thought of others first. I was honored to be a part of the MiOpportinidad project with Affinity Credit Union, Warren and Miriam. His hard work and dedication to that project was inspirational. Warren so deserves this award.

The author really understands the credit union philosophy and I really enjoyed the analogy of his bathroom remodel. The only thing missing was pictures of the finished bathroom! :)

Thank you Phillip for showing the differences between a Big Bank that is only looking to sell you products and a Credit Union that actually looks out for its members needs. Great article!

I love and give a standing ovation to Ron Kase and to other caring people just as much as those who passed away on 2012 like Warren Morrow at Des Moines Iowa. He worked hard for those who are under-served an under-represented, but wasn't mentioned in your magazine. It may be beneficial for the entire world to know about his accomplishments no for his benefit, obviously, but to increase the number of positive and caring people and to add members the CU. Just ask Coopera Consulting at Des Moines Iowa about Warren Morrow's legacy.

That’s right Lisa. The servicing rule would not require a credit union to create its own policies and procedures if all aspects of the servicing are delegated to a sub-servicer. However, remember that the credit union will have to conduct due diligence on the sub-servicer to make sure it is following the minimum requirements for policies and procedures. Unfortunately, even those credit unions that use a third party servicer will need to have a working knowledge of the CFPB’s servicing rule.

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