OCTOBER

SAN FRANCISCO-NCUA filed an appeal last week with the Ninth Circuit U.S. Court of Appeals to reinstate claims against Wachovia Capital (now a unit of Wells Fargo & Co.) and Nomura Asset Acceptance Corp., which both originated subprime loans packaged into mortgage-backed securities that figured into the 2009 failure of WesCorp FCU.

Few people ever sympathize or even empathize with federal and state regulators when it comes to compliance.

In the wake of a natural disaster, when floodwaters recede or winds and rain subside, some credit unions find they have learned vital disaster-recovery and business-continuity lessons.

INOVA FCU Hires Insuritas

In addition to NCUA's proposal to stress test large credit unions, the agency is also rolling out new initiatives related to investigating fraud.

New CEOs Take Over At 3 CUs

For Christian Financial Credit Union, winning the $2,000 grand prize in NerdWallet's Gen Y Credit Union Contest is the gift that keeps on giving.

Given the number of youth-oriented programs $20 million Syracuse Cooperative Federal Credit Union offers, it was only natural that its latest initiative would involve high schools.

PremierOne Credit Union said its award-winning "Credit Zone" microsite is just one of several initiatives designed to make the CU appealing to young people.

School Employees Credit Union of Washington is a hit on Facebook as it pursues a multi-channel strategy for engaging young people.

Chicago S&L Failure Resurrected As CDCU

HARRISBURG, Penn.-Patrick Conway has been named the new president and CEO of the Pennsylvania CU Association.

Patrick Spyke has been promoted to EVP at LAFCU, Lansing, Mich.

More than two dozen credit unions received checks totaling $8.1 million from the estate of CU National, more than four years after the massive fraud that sent the owner of the company and its U.S. Mortgage Corp. parent to prison and threatened to sink several of the credit union victims.

State Employees' CU, one of four $10 billion-plus credit unions that would be stress-tested under a proposal being considered by NCUA, is all in favor of the tests now undergone by big banking companies and insists the results should be made public, just as they are for banks.

Having software with the ability to cross-sell products and services to members based on internal, forward-looking data removes the guess work.

Vantage Releases Android Mobile App

Forbes Names FIS 'Most Innovative'

As more credit unions look to the clouds for information storage and access, issues surrounding security and best practices become more pronounced.