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System Scan: CU Tax Exemption

December 23, 2008
Credit unions obtained their tax exemption from Congress on June 15, 1937, in an amendment to the Federal Credit Union Act of 1934—with little difficulty or fanfare. It was enacted that December. The Bridge, forerunner of Credit Union Magazine, briefly recounts: “In its original form the Federal Act permitted the... READ MORE

CUNA Tools

December 23, 2008
Be bold. Be heard. Be there. The 2009 Credit Union National Association (CUNA) Governmental Affairs Conference (GAC) is your time to step up, tell your story, and make a difference. This event, Feb. 22-26, at the Washington (D.C.) Convention Center, also provides opportunities to hear from influential Washington policy makers... READ MORE

A Rainbow on That Horizon

December 23, 2008
James Collins Will the new year be as dire as pundits predict? If you read the newspaper headlines, the economic environment in 2009 will be as empty as the electrical department in an Amish store. In fact, the Credit Union National Association’s 2008-2009 forecast says growth, burdened by a deep... READ MORE

Spotlight: Robert Cashman

December 23, 2008
‘My grandfather started as a CU volunteer in the 1940s.’ Who : Robert Cashman What : President/CEO Where : Metro CU, Chelsea, Mass. On being a third-generation CU executive: My grandfather and father preceded me at Metro. Intrigued by the idea of helping people, my grandfather started as a credit... READ MORE

A Nation in Need of CUs

December 23, 2008
Daniel A. Mica CUs shouldn’t be named or blamed for the current crisis. This country needs credit unions, maybe now more than ever. And the country needs a credit union movement that is regulated by a unique entity, just as credit unions are unique among financial institutions. As the new... READ MORE

Take Control in Crisis

December 23, 2008
John Franklin Emerge with a stronger image and increased respect from members. The economic crisis and its impact on consumers, small businesses, big businesses, and the financial services industry is the news right now. It’s likely to continue to be the No. 1 news story until the nation sees material... READ MORE

Lead With a Guiding Light

December 23, 2008
Sharyn Alden CU leaders must be laser-focused during these extraordinary economic times. In today’s volatile world of finance, credit union CEOs say they must draw from an even wider variety of leader-ship skills than normal to guide their credit unions. Three CEOs discuss how they leverage leadership competencies to inspire... READ MORE

Misery Builds Character

November 18, 2008
Walk into any credit union information technology (IT) manager's office and announce it's time to switch core systems. What do you think the response will be? READ MORE

Federal CU Act Passes: 1934

November 18, 2008
A federal law passed in 1934—a year in which U.S. unemployment stood at 22% and dust storms in the Central Plains created the “Dust Bowl”—is behind much of the business-as-usual of today’s credit unions.   The 73rd Congress passed the Federal Credit Union Act June 16, 1934, and President Franklin... READ MORE

Post-Panic Economic Look

November 17, 2008
Bill Hampel   The economy won’t get nearly as bad as during the Great Depression .   Even before the conservatorships of Freddie Mac and Fannie Mae, the bailout of AIG, and the failure of Lehman Brothers, the economic outlook was far from rosy. Back then, it appeared the economy... READ MORE

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