CUs Pledge $50K For Relief Efforts

COLORADO SPRINGS, Colo - Ent FCU sold its credit card portfolio several years ago, but SVP-Chief Lending Officer Bill Vogeney said there's "a sense" consumers will tap their credit cards to keep their mortgages afloat. He said the number of homeowners with little, no or negative equity has created an unprecedented situation.

NEEDHAM, Mass. - As the "Young Women Leaders of Tomorrow" program enters its second year, it's adding nine more high schools-bringing the number of schools in the program to 31.

With apologies to Mark Twain, "Reports of the death of SEG marketing are greatly exaggerated."

FT. MYERS, Fla. - NCUA is counting the losses, expected to eventually run into the tens of millions of dollars, from three failed credit unions caught up in a land speculation scheme-gone-array here.

ST. PETERSBURG, Fla. - Problems in the first mortgage market mean credit unions should keep a closer eye on their card portfolios, according to several analysts.

COLORADO SPRINGS, Colo. - The current tumult in the mortgage market has pushed dozens of subprime and exotic lenders out of business, but credit unions that resisted the temptations of the 2003-2005 real estate boom may emerge relatively unscathed- and leverage some big opportunities.

BROOMALL, Penn. - Franklin Mint FCU here meets with its members who are past due on mortgages or home equity loans. If the member indicates he or she is having a payment shock issue with another lender, the credit union turns over the file to its mortgage originators.

ENGLEWOOD, Calif. - It's no secret that instant issue of ATM and debit cards offers members one of the things they covet most: convenience. But in light of massive data breaches and large retailers such as TJ Maxx and even the Veterans Administration, industry experts told the Credit Union Journal that CUs should consider how owning their own card embossing machine can come to the rescue after a data incident.

I got my start in this financial reporting business by covering one of the real positive feel-good stories of the 20th century: the savings and loan crisis. It was sort of like getting your dream job of covering the NFL as a beat reporter and having the editor saying your first assignment is to talk to Mike Vick about something to do with dogs, and you're envisioning a nice human-interest piece about a quarterback and his love for man's best friend.

CUs Pledge $50K For Relief Efforts

WASHINGTON — CUNA President Dan Mica sent a letter to the Washington State Department of Financial Institutions expressing support for choice when it comes to private insurance versus federal insurance for state-chartered credit unions where the state law permits.

PASADENA, Calif. - When dealing with ATM deposits becomes a full-time job-and for multiple employees-it's time to reevaluate the program.

COLORADO SPRINGS, Colo. - What are credit unions in some markets hearing and seeing from competing banks in response to the mortgage market slowdown? Not much, according to one CU here.

DENVER - NCUA is charged with overseeing the security of member data; but is the agency also putting it at risk?

COLORADO SPRINGS, Colo - Ent FCU sold its credit card portfolio several years ago, but SVP-Chief Lending Officer Bill Vogeney said there's "a sense" consumers will tap their credit cards to keep their mortgages afloat. He said the number of homeowners with little, no or negative equity has created an unprecedented situation.

With apologies to Mark Twain, "Reports of the death of SEG marketing are greatly exaggerated."

NUTLEY, N.J. - Jim McKittrick, long-time president of Proponent Federal Credit Union, retired Sept. 1 after more than 30 years of service. Succeeding him will be Proponent's executive vice president, Debi Van Dorn, another 30-year Proponent veteran.

WINSTON SALEM, N. C. - Dana Padgett doesn't just talk about helping people.

MADISON, Wis. - A Green Bay Packers fan's passion for the game has led him to create a new way to reconnect with credit union members.