NY League Wins Hermes Award

SAN DIEGO-While many professional groups and conferences saw their numbers suffer during the recession, David D'Annunzio is proud to note the CUNA CFO Council had the opposite experience.

SAN DIEGO-Chief financial officers at credit unions across the country say the biggest impediment to improved efficiency is the regulatory burden.

WASHINGTON-In news that surprised many, new U.S. single-family home sales rose during April, the second straight month of gains and prices increases, according to the Commerce Dept.

MOSS POINT, Miss.-It's been nearly six years since Hurricane Katrina devastated the Gulf states, and many credit unions in the region say they have put into practice some of the valuable lessons learned in the immediate and longer-term wake of the storm.

CO-OP Introduces ATM Visual Control

LAS VEGAS-All residential mortgage originators at credit unions and banks are required to register with the Nationwide Mortgage Licensing System (NMLS) by July 29.

DALLAS-Will a credit union that has not yet registered its mortgage staff by July 29 be forced to shut down operations as the result of a new law?

Charter Oak FCU, Groton, Conn., appointed Colin Osborne to its supervisory board.

SAN DIEGO-Credit Union Journal asked attendees of the CUNA CFO Council conference here: Do you expect to be profitable in the second half of 2011? What will affect your credit union's bottom line the most, and why?

CUs Offered Their Own P2P Payments Solution

AVONDALE, Penn.-Sun East FCU and Keystone FCU have opened a freestanding, jointly owned branch here. While the two credit unions share the building and costs, they operate as completely separate entities.

JOPLIN, Mo.-One of the deadliest tornadoes to strike the U.S. in 50 years almost claimed the life of Cindy Atteberry, CEO of Joplin Metro CU.

PIERRE, S.D.-Lawyers for the Federal Reserve told a federal appeals court that expectations by Minnesota's TCF Bank for a continued revenue stream from debit transactions are not dependent on the free market but on card giant Visa, which paid the bank $100 million in debit fees last year.

VENSURE: NCUA IS WILLING TO LET CU 'WITHER ON THE VINE'

In Credit Union Land, April showers may have brought, um, warnings of higher capital standards, the shutdown of a CU alleged to be a front for online gambling, and a full-scale blitz from all sides related to debit interchange, yet of all the mail I received from readers during May the No. 1 issue was, as you most likely expected, all about Zombies.

I'd like to see our share insurance assessment reduced just as much as any other CEO, however, if it comes at the cost of the DFI/NCUA removing credit unions from their members by forcing mergers based on phony numbers — count me out.

Having accurate, standardized data will allow financial institutions to search their databases more easily and have confidence in their data integrity. It is just one simple step in a long line of changes that will need to be made as the Dodd-Frank Act continues to be rolled out.

No one seems to notice the death of small corporate credit unions in the wake of the corporate system meltdown. On Friday, April 29, 2011, Midwest Corporate FCU closed its doors forever, the victim of a hit and run when U.S. Central FCU and four other corporate credit unions had a heart attack at the wheel of the bus and ran over the small compact cars known as small, pass-through corporate credit unions.

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