PayThink

Though the CARD Act may be expected to hurt banks more than credit unions, we should not take that as a reason to be complacent.

Although faxing a document to a member asking for "wet" signature has worked great over the years, there is still one huge problem that remains — and that's paper.

As a member of the CUNA board of directors who approved the hiring of Bill Cheney that we took his service on the US Central and WesCorp boards into careful consideration.

A credit union executive writes to concur with the Sept. 6 letter-to-the-editor, Fold NCUA's Tent Before Regulator Folds CUs."

Legacy assets. In the fine tradition of "deferred success" and "convenient terms," yet another euphemism aimed at telling it like it isn't.

The window of opportunity for credit unions to convert casual members to become their primary financial services provider is slowly closing.

Anyone who has ever had an NCUA examination and experienced a disagreement over their level of loan loss reserves can appreciate the reasoning behind NCUA's recent assessment.

Whatever you are measuring communicates focus and the desired attention of your team. Whatever you are not measuring similarly communicates a lack of importance.

In our current economic climate, it comes as no surprise that the financial services industry is under increased scrutiny. Therefore, it is no surprise that NCUA has taken a more aggressive stance regarding enforcement and administrative actions.

In the aftermath, the CEO noted, the credit union has found the fake bomb threat has put not just its emergency response plan into question, but has raised other issues it had not previously given thought to.