Moving to paperless functions and document imaging may seem costly, but one person says it's one of credit unions' best chances for growth.

The National Cooperative Bank is bolstering CUs' bottom lines by helping them offload deposits and access liquidity.

CUtopia is finding a niche in assisting credit unions with their marketing, and delivering growth as a result.

Since NCUA expanded the number of CUs eligible for the low-income credit union designation, which means a higher cap on MBL, WorldPay has seen its business and support for the industry rise.

As reported by Credit Union Journal, June 17, information on the performance of five failed corporates' so-called "legacy assets" are now available online.

Addressing its decisions to place five corporates into conservatorship in 2009, NCUA restated that its actions were the best for the industry.

Still Time For 'Free Gas'

The NCUA Board last week passed tough new regulations for loan participations-known in banking as syndications-that would that would set new requirements for sellers and buyers.

MSU FCU, East Lansing, Mich., promoted Dennis Dorogi to e-services manager, Cruz Martinez, Jr., to information technology help desk manager and Jacob Wootten to business operations manager.

A new study said it has identified the two largest drivers of improvements to member satisfaction: branch staff and online banking.

1st Valley CU will serve the underserved a couple different ways this summer.

The $32-million Upper Cumberland FCU is investing in direct mail and billboards to persuade members to bring over their loans to the credit union this summer.

South Florida Educational FCU doesn't really get down to heavy marketing until the summer draws to a close.

It's GFA FCU's 75th anniversary this year, and the credit union has lots of plans in place for next three months, said CEO Tina Sbrega.

BATH, Maine-Auto loan recapture is the big push at Midcoast FCU this summer.

Baseball tickets and ice cream headline Point Breeze CU's summer promos.

Marvin Umholtz is dismissing critics of a study he conducted earlier this year that found the credit union tax exemption is no longer needed. Umholtz said criticism that his work lacked any "statistical analysis" was off-base.

NCUA Town Hall Set For July 18

WOODLAND, Calif. - Yolo FCU last week said it is reissuing credit and debit cards for its members whose card information may have been breached. In a warning letter to members, the credit union said it was notified by Visa that there was a possible breach of "multiple merchant locations" and that there may be unauthorized access to member data files.

At the CU-sponsored Cherry Blossom Run in Washington this spring, Janet Bawcom set a new U.S. record in the 10-mile. Meanwhile, in the same week during the World Ice Cream Eating Contest sponsored by Magnify Credit Union in Florida, Joey Chestnut set a new world record by knocking off almost 1.5 gallons of vanilla ice cream in six minutes. Incredibly, Mr. Chestnut looks like he could run in the Cherry Blossom event and no one would think him out of place.