WASHINGTON-The Senate easily confirmed Deborah Matz as chairman of the NCUA Board, marking the first time an NCUA Board member will return to the regulatory panel.

2010 Marketplace Directory Out Next Week

ARLINGTON, Va. — One industry leader is not worried about credit unions being able to comply with the CARD Act on Aug. 20.

ST. PETERSBURG, Fla. — City-County's FCU's edgy "Drop the Bank" campaign, which portrays bankers as sneaky and untrustworthy, could not have been released at a better time.

LAS VEGAS — Utah-based America First CU expanded its presence in this market last week after NCUA arranged a purchase-and-assumption following the liquidation of $159-million Community One FCU.

RUTLAND, Vt. — One CEO here is wondering if the rate his corporate is paying is reflective of market realities, or is it a punishment?

DUBLIN, Ohio — The assessment levied upon federally insured credit unions to cover the cost of corporate CU failures, along with the specter of new assessments, has led to a significant increase in calls to private share insurance provider American Share Insurance.

BARCELONA, Spain — The current economic crisis proved that no business or financial institution is "too big to fail," according to Mark Sievewright, SVP with Fiserv Inc, who added the crisis has also helped solidify credit unions' value and worth in helping members survive tough times.

LAS VEGAS — In last week's NCUA takeover of Community One FCU there was little doubt the troubled credit union's net worth ratio was far below the critical level set under NCUA's minimum capital rules.

BARCELONA, Spain — Nearly 40 top women leaders in the global credit union movement met as part of the Global Women's Leadership Network, immediately following World Council of Credit Union's (WOCCU) World Credit Union Conference here. The network, launched earlier this year by WOCCU in collaboration with†the Canadian Co-operative Association (CCA), is the first of its kind, bringing together women leaders from†more than 15†countries to connect, share ideas and participate in a peer advisory program.

BARCELONA, Spain — Dave Chatfield, the well-known former president of the California/Nevada league and a former NCUA board member, was honored by the World Council with its highest honor, the Distinguished Service Award. Also recognized with the same awared was Wayne Nygren, who retired in 2006 as CEO of Credit Union Central of British Columbia.

CUPERTINO, Calif. — Symantec Corp. released the global results of its fifth annual IT Disaster Recovery survey, which it said demonstrates rising DR pressures on organizations caused by soaring downtime costs and more stringent IT service level requirements to mitigate risk to the business.

WASHINGTON — Tiny iron particles may be the next item in the banking industry's antifraud toolkit.

BARCELONA, Spain — More than 6,600 mortgage foreclosures occur each day in the U.S. as a result of the current financial crisis, and among the hardest hit have been community development credit unions (CDCUs) and the members they serve, according to Cliff Rosenthal.

BARCELONA, Spain — A credit union that has a goal of controlling 25% of the CU assets in its country has some advice on making mergers work.

Harland FS Selects CUBUS

AZ CU Adds Mobile Banking

GLENDALE, Calif. — Thousands of credit unions back up business data onto magnetic tapes, but Los Angeles FCU (LAFCU) here never liked that practice.

VERNON HILLS, Ill. — Managing your money at Mint or Wesabe may be popular in the down economy, but some say that getting financial advice online from your credit union is better for the long-term-particularly when that advice recommends the CU's products and services.

CAMAS, Wash. — Determined to examine risk from all angles, Lacamas Community CU here is looking for one risk management tool that "does it all," at a price the $175-million CU can swallow.