NCUA REPORTING DEFICIENCIES CITED IN CORP. ACCOUNTING

NASA FLIES INTO REMOTE DEPOSIT

MIAMI-Hispanics are the fastest growing population of individuals going online and represent an increasingly attractive market for online financial advertising.

Buchanan Added To Agenda

Commercial lending was once unfamiliar territory for most credit unions. No more. Now many CUs have established member business commercial lending units. This member benefit can be very profitable if the basic fundamentals are established early-and very costly if not.

As the "Greatest Generation" is gradually leaving us, we are faced with a loss of loyal members for reasons completely beyond our control. Credit unions must now position themselves to serve the specific segments of the population where there is future demand and need: baby boomers and Generation Y.

To paraphrase, they say if you can make it there, you can make it anywhere. And so it was last week that credit unions found themselves in a piece that generally painted CUs as stodgy, old-fashioned, and well, boring. In this case, it was a compliment.

It is very disappointing that in your online story on June 15, Credit Union Journal ignored a basic fact that would have been of interest to all federally insured credit unions and members: The National Credit Union Share Insurance Fund (NCUSIF) received unqualified audit opinions ("clean" audits) for both 2008 and 2009.

JACKSONVILLE, N.C. – Team Little Guy, a group of employees and directors of credit unions across North Carolina, rolled into town Saturday to bring that journey to a powerful finish and to present Hope for the Warriors with a check for $161,000.

NEW YORK – Fynanz Inc., a provider of private student loans for credit unions and operator of the cuStudentLoans.org program, announced that CU Student Lending, LLC, its affiliated CUSO, has lowered rates to just 2.75%, one of the lowest rate private student loans in the nation.

SPRINGFIELD, Colo. – Peoples CU has selected TRC Interactive to provide it with online instruction through CreditUnionTrainingOnline for its credit union-wide training needs.

ROCHESTER, N.Y. – More than 40 local social service agencies will receive free admission passes to Strong National Museum of Play to give to families, some of whom are homeless or living in agency housing, thanks to a partnership with ESL FCU.

TULSA, Okla. – Saint Francis FCU officials said 8,400 account holders' information may be at risk after the loss of a backup tape that contained personal information.

LANSING, Mich. – CASE CU last week named Jeffrey Benson, vice president of operations for Michigan State University FCU, as president and CEO of the $190 million credit union.

WASHINGTON – The FDIC shuttered Nevada Security Bank in Reno, Nev., the 84th bank failure for 2010.

WASHINGTON – As campaign season heats up and important legislation is pending before Congress, such as the bank reform bill, credit unions and other interest groups are targeting more of their campaign contributions toward congressional leaders.

ALEXANDRIA, Va. – NCUA plans to borrow as much as $800 million at preferable rates from the U.S. Treasury, which it will infuse into the corporate credit unions as capital in the system continues to dwindle to dangerous levels.

SHELTON, Wash. – Joe Robertson, president and CEO of Our Community CU for the past 25 years, will retire Dec. 31.

LATROBE, Penn. – Thomas Brown, former board president and longtime volunteer of Latrobe FCU, died Tuesday, June 15, at age 81.

FAIRFAX, Va. – Apple FCU’s 9th Annual Charity Golf Tournament on June 7 raised $25,000 for the American Cancer Society.