Operations

Compliance Burden Keeps Growing

February 23, 2010
Credit union boards don’t have to know all the compliance answers. But boards must be able to ask key questions to ensure their credit union is “on track” complying with laws and regulations, said Kathy Thompson, CUNA’s senior vice president/associate general counsel for regulatory compliance, during a Tuesday panel discussion... READ MORE

The Fog Is Lifting

February 19, 2010
Nader Moghaddam Time to look at the economy and regulatory changes with clear eyes. At this time last year, we arrived at our nation’s capital encased in a heavy fog of confusion and uncertainty. Issues that loomed over attendees at the Credit Union National Association’s 2009 Governmental Affairs Conference included:... READ MORE

Move Members to E-Statements

February 19, 2010
Shifting members from paper to electronic statements saves money, improves security, and helps the environment. But how can credit unions convince members to make the shift? After using giveaways to entice members to use e-statements, Directions Credit Union, Toledo, Ohio, introduced staff incentives in 2009 to promote e-statements: Staff earned... READ MORE

Capturing the Fury

February 19, 2010
Dianne Molvig Focus Public outrage at big banks is erupting, and CUs are emerging as an attractive alternative. Many CUs are seizing the moment and taking advantage of glowing national media coverage.  Board focus: If your CU is in a strong capital position, there might never be a better time... READ MORE

Thanks for the Memories

February 19, 2010
By Darryl Tait and Lisa McCue Dan Mica reflects on 14 years as CUNA CEO. When outgoing Credit Union National Association (CUNA) President/CEO Dan Mica sat down to be interviewed for this article, he reached across his desk, picked up the microphone, and started crooning the old 1938 tune, “Thanks... READ MORE

Mica Reflects on 14 Years as CUNA CEO

February 18, 2010
Mica : Credit unions are poised for a massive growth spurt that could bring additional credibility and leverage on the political front. Late last summer, CUNA President/CEO Dan Mica announced his plans to step down from CUNA’s top position at the end of 2010. That will bring to a close... READ MORE

Dancing in the Streets: Scenes From Kenya

February 11, 2010
Credit Union Magazine Editor/roving reporter Steve Rodgers covers the launch of a new credit union in Kenya. By Steve Rodgers I recently traveled with a colleague from the World Council of Credit Unions (WOCCU) to Kenya. While there, I witnessed the work of some remarkable people who have committed their... READ MORE

Spread the Direct Deposit Message

February 10, 2010
By David A. Lebryk Whether your credit union serves a small town, a profession, or a workplace, your members trust you with their money and often look to you for sound advice. One word from credit union employees can have a powerful and immediate impact on your members. That’s why... READ MORE

2010's Top 10 Information Security Threats

February 09, 2010
The start of a new year is a great time for companies to evaluate their information security practices and prepare for threats they’ll face in the coming year, says Kevin Prince, chief technology officer for Perimeter eSecurity , Milford, Conn. “As these security threats become more serious and difficult to... READ MORE

Guard Against These Risks in 2010

February 08, 2010
By Brad Mundine Credit unions face numerous challenges and risks daily, not the least of which is fraud. Here are two emerging fraud risks CUNA Mutual Group Risk Management is recommending credit unions be cognizant of and prepare for in 2010. Wire/ACH transfer fraud This is one of the hottest... READ MORE

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