MIAMI-2013 could be the year of mortgage compliance changes for CUs, according to Lauren Calhoun, CUNA Mutual Group's regulatory compliance manager. Calhoun said it all depends on the CFPB, has issued seven proposed mortgage rules expected to be issued in final form by the end of 2012 or in January 2013, with others to follow.

Unfortunately, as credit unions seek to add or upgrade the skills of increasingly critical compliance personnel, there is no one simple approach that is really effective.

myCUmortgage Announces Winners

The ancient Mayan calendar predicts that the world will end on Dec. 21. In response, Latitude 32 CU says that if it does, all its loans will be forgiven.

Even as credit unions continue to struggle with getting MBL legislation passed in Congress, there remains strong support among many CEOs for a bill.

CUNA and its affiliated state leagues last week, faced once again with defeat of legislation that would expand CUs' member business lending authority, were calling on Senators to also kill the TAG bill that bankers have been pushing for.

McGraw-Hill FCU was back up and running-at least in limited capacity-the day after Hurricane Sandy hit, and while the storm taught many lessons, the recovery is far from over.

Every business faces a growth paradox, according to John Moore, in that small business must appear larger and large business must appear to provide the service of a smaller operation.

ALEXANDRIA, Va.-The NCUA Board last week approved a new rule that will replace the current Wall Street rating system as a criteria for determining the permissibility of an investment with two new standards: whether the investment is determined to be of "investment grade" and whether it contains a "minimal amount of credit risk."

Transaction-driven marketing not only provides financial institutions with a proven way to monetize their digital banking platforms (online, mobile, SMS, e-mail, ATM), but also enhances member relationships by providing secure, targeted, relevant offers that help members save money on everyday purchases.

Most credit union leaders know not to take anything for granted.

Credit unions large and small have contemplated the member and bottom-line benefits of seeking a merger.

John Worth, chief economist with the National Credit Union Association, explains what the potential for going over the fiscal cliff means to credit unions.

Readers beware. On the heels of the Consumer Financial Protection Bureau/Department of Education report, "Private Student Loans," sensational headlines continue.

SACRAMENTO, Calif. – State regulators approved the merger of State Center CU, a troubled one-time $90 million Fresno credit union, into Valley First CU, a $415 million credit union in nearby Modesto

CINCINNATI – Fifth Third Bancorp, which created processing giant Vantiv, Inc. and helped take it public earlier this year, expects to earn as much as $280 million with the sale of as many as 13.6 million Vantiv shares registered last week.

PORTLAND, Ore. – Police are looking for a man they said grabbed two boxes of cash from an armored car employee who was replenishing OnPoint CU ATMs and quickly disappeared early Friday morning.

OKLAHOMA CITY – ME/CU, the former Muncipal Employees CU, has signed with Sharetec to deploy the company’s mobile banking solution.

BYNUM, Ala. – AOD FCU announced the hiring of Richard Simonton, an experienced credit union executive who recently served as NCUA conservator of Keys FCU in Key West, Fla., to be president and CEO of the $250 million credit union.

MICHIGAN CITY, Ind. – First Trust CU said Friday it named Kim Kniola, currently a vice president, as CEO of the $92 million credit union.