Fredda McDonald, EVP for the credit union experience at PSCU, says, "The time is now to invest, grow and prosper with solutions that will attract, engage and retain members."

"A discontinuance of interest on overnight funds will cause significant problems for many credit unions who currently hold extremely large investment portfolios and cash reserves," said Tony Ferris, managing partner for Rochdale Group

Cory Jefferies, VP of business development for SWBC, said credit unions "simply have to pay more attention to non-traditional credit union products."

Credit unions can learn a thing or two from regional and community banks when it comes to succession planning, and CUs should keep that in mind when it comes to planning for 2013 and beyond.

Credit unions should continue to look for ways to improve their data-mining capabilities as they head into 2013, while also working to capitalize on the current "daily deals" craze.

Mark Weber, president and CEO of Weber Marketing Group, said that as 2013 begins to draw near, the "opportunity window" to capitalize on consumers' big-bank frustration and broken trust may be closing.

NEW YORK-Cash back, coupons and a potential new CU revenue stream are all part of a merchandise shopping platform being promoted to credit unions by UNFCU Financial Advisors.

LONG-TIME CU CHAMPION

NCUA Outlines Other Initiatives

There are few greater challenges than success, and great leaders must always ask themselves humbling questions every day. It might be a good idea to ask yourself, 'What's working now that might not work in the future?"

As a retired, former employee of WesCorp, I'm heartened that the service culture and sense of a higher calling that lives within each former WesCorp employee will now be disbursed throughout the credit union industry.

With a centralized database and tools in place to ensure data accuracy, credit unions can enhance staff efficiency and improve member service during a merger and for years to come.

Reader feedback: Your powerful recent news coverage and analysis of the Western Corporate Federal Credit Union and corporate credit union crisis saga totally captured my attention.

CINCINNATI – Payments processor Vantiv, spun off from Fifth Third Bancorp in March, reported a quadrupling in second quarter earnings to $20 million as it processed more card transactions.

CHANTILLY, Va. – Back-office service provider Online Resources Corp. reported an $800,000 loss for its second quarter, down from a $2.4 million loss last year, as revenues rose by 5%.

PHOENIX -- Police arrested a homeless man last week who allegedly held up an Arizona State CU branch with a simulated homemade bomb.

RALEIGH, N.C. -- State Employees’ CU members via the SECU Foundation have provided the North Carolina Symphony with $140,000 in funding for a new 28-foot insulated vehicle.

SAN FRANCISCO – San Francisco FCU and Geezeo will launch a new, free product for credit union members: a personal financial management tool called “The Big Picture” on August 21.

TOLEDO, Ohio – Directions CU has sighed with Andera to implement the company’s oFlows for account opening and lending.

EUGENE, Ore. -- Northwest Community CU has acquired a Portland branch with a deal for Portland’s $24 million UFCW Northwest CU.