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Credit Union Journal

Thursday, July 3, 2008, as of 7:08 PM ET

Headlines for Thursday, July 3:

Pentagon Backs Bank Giant JP Morgan Chase in Battle With Defense CUs

WASHINGTON – The Department of Defense has rejected a challenge by defense credit unions to a new credit card offered by JP Morgan Chase at on-based PX and BX retail outlets.

This Week's Lead Stories

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House Passes Reg Relief Bill For CUs After Adding Help For Banks

WASHINGTON - The House approved the regulatory relief bill for credit unions last week, but not before combining it with a bill for banks and thrifts.

For Corporate CUs, Numbers Lead To Emphasis On Words

GREENSBORO, N.C. - The nation’s corporate credit unions say they have ramped up communications with natural-person credit unions aimed at addressing any concerns over the state of their financial health.

Credit Unions & The Big Apple

NEW YORK–As credit unions descend on The Big Apple for America's Credit Union Conference, CU Journal Explores the unique needs the city's credit unions seek to fulfill.

Corporates Told To Reclassify Member Capital As Equity

ALEXANDRIA, Va. - NCUA last week said the declining value of mortgage backed securities held by corporate credit unions has prompted it to reclassify membership capital share accounts as equity.

Account Takes On The ING’s Of The World

FLINT, Mich. - Dort FCU is going head-to-head with online rivals such as ING with a new high-yield, self-service online account that has one very important thing the ING’s don’t: the credit union reputation.

Special Report

An In-Depth Look At Credit Union Mergers

This week's special report takes an in-depth look at mergers in the credit union industtry including the drivers, the realities and the alternatives.

Special Report

Credit Unions & The Big Apple

As credit unions descend on The Big Apple For America's Credit Union Conference, CU Journal explores the unique needs the city's credit unions seek to fulfill.

Special Report: Technology

The Latest In Technology

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RECENT ISSUES

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Focus On Staffing: ‘Nonsense’ Work Schedules Boost Productivity

BOULDER, Colo. - A scheduling tool that spits out seemingly nonsensical schedules has actually allowed the contact center at Elevations CU here to do more in less time–with 15% fewer full-time agents.
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What Happens When The Fastest Growing Market Takes A Hit?

The combination of a crackdown on immigration and the slowdown in the economy is hurting America's biggest growth market: Hispanics. Credit unions who serve this market share the strategies they are using to work with these members.
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Downturn Seen As Opportunity For CUs & Small Biz

PORTLAND, Ore. - The commercial lending market remains strong and growing for credit unions, with banks helping to send business CUs’ way, according to the leaders of four CUSOs.
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How To Improve Your Forecast For Q3 & Q4

WEST PALM BEACH, Fla.–The first half of 2008 is nearly complete, and while credit unions haven’t seen the losses suffered by others in the financial marketplace, they have been feeling the strain on their bottom lines. To help credit unions get out from behind the economic clouds for the remainder of the year, Credit Union Journal asked analysts and solutions providers for their strategies and ideas for improving the bottom line as part of our ongoing focus on growth. Click on the related links to read what they had to say.
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A Contagion You Want Your Staff To Pass To Members

WEST JORDAN, Utah - When the employees of Mountain America Credit Union (MACU) here are happy, members find it contagious.
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