The ongoing and prolonged drought across much of the Midwestern U.S. has credit unions keeping a wary eye on potential risks that may develop.

COMSTAR FCU is prepared for the Sept. 30 interest rate risk management policy deadline, as well as for a quick, sharp rise in rates.

Fiserv's Orlando Hanselman is asking whether credit unions will make the interest rate risk deadline and if all the right CUs are paying attention to the rule?

The Golden 1 Credit Union said its midyear numbers show ROA has grown to 1.1% and capital now stands at 10.56%.

For credit unions to succeed into today's choppy financial waters, it's not a bad idea for leaders to embody traits of former President Dwight D. Eisenhower.

Missouri CUA Signs With JMFA

NCUA has issued a Letter to Credit Unions regarding multi-featured open-end lending (MFOEL) and blended lending, and one person is predicting that the number of credit unions using open-end lending will continue to decline as a result.

As members of a credit union audience, as one person did here, to raise their hands if they offer "above average service," and you will get exactly the response expected: every hand goes up.

Saying it is seeking to better allocate resources to address areas of greater risk, NCUA will introduce the Office of National Examinations and Supervision, Jan. 1, 2013.

One Nevada Credit Union reported $590,000 in net income for the first six months of 2012, and a net worth ratio of 9.25%, as the Silver State's economy continues to improve slowly.

The North Carolina CU League announced the results of its board of directors election. Re-elected were: Tony Ebron, CEO of Winston-Salem FCU; David Elliott, CEO of Fort Bragg FCU; Lori Thompson, CEO of Premier FCU; and Bob Donley, EVP of Members CU. Officers are: Maurice Smith (chair), president of Local Government FCU; Patty Idol (vice chair), CEO of Mountain CU; Jeff Jones (treasurer), CEO of Freedom FCU; and Lola Bumbarger, manager/president of Century Employees' Savings Fund CU (secretary).

Few issues are as common to or discussed more often among credit unions than regulatory examinations and examiners.

St. Louis Community CU has entered into a four-year partnership with Carrollton Bank that will increase lending opportunities for low-income consumers throughout the region.

During NAFCU's Annual Conference, Credit Union Journal asked CEOs to share the top concerns facing their credit union.

A conversion attempt by $1.6-billion Technology CU to a bank used to be a private affair, but the advent of social media has added an entirely new element to the effort.

At Vermont FCU, things are beginning to smooth out between the credit union and a member of the Occupy Vermont group who has been elected to the board.

CONGRESS IS PRESSED TO

Changes On The CUES Board

Many credit unions have built marketing campaigns around saving their members interest by bringing in loans from outside lenders, but Yolo Federal Credit Union has taken the concept to a new level.

Vermont may rank 49th in population, but lately the Green Mountain State has a new contender for the No. 1 slot when it comes to native production: Odd News out of Credit Unions.