MADISON, Wis. (1/5/12)--An article about the number of consumers who joined credit unions in the month leading up to Bank Transfer Day (BTD) was by far the most-read News Now
article in 2011.
The top article received nearly three times more page requests than the second most popular article, a story about how credit unions could maintain the momentum of BTD.
The 20 most-read articles of 2011 were:
20. CU-to-bank conversions declining
MADISON, Wis. (1/14/11)--2010 was a year without a single credit union-to-bank conversion, and it arrived on the heels of two years in which only one such conversion per year occurred. News Now, sniffing a trend, decided to look closer and noted a decline in conversions since they peaked at eight conversions in 2001.
19. Wis. provision in budget bill would make CU conversions easier
PEWAUKEE, Wis. (5/16/11)--The Wisconsin Legislature's Joint Finance Committee Thursday voted to include language in the state budget bill that would make it easier for Wisconsin's 2.2 million credit union members to be stripped of their equity in the cooperative financial institutions they own--by permitting direct conversion from a credit union to a bank charter, according to the Wisconsin Credit Union League.
18. Fed final interchange rule reflects CU input, Cheney says
WASHINGTON (6/30/11)--Credit Union National Association President/CEO Bill Cheney said that the Federal Reserve "listened to the real concerns of credit unions" as it developed its final debit interchange fee cap rule, which was approved by a 4 to 1 vote by the Fed on Wednesday.
17. CUNA delves into corporate fund prepayment issues
WASHINGTON (6/14/11)--The National Credit Union Administration (NCUA) continues to evaluate credit union interest in its proposal to allow credit unions to prepay some of their corporate credit union stabilization fund assessments, and NCUA Deputy Director Larry Fazio on Monday said that whether or not a given credit union participates in the plan would not affect its NCUA examination or treatment by examiners.
16. NCUA advises examiners ahead of Bank Transfer Day
ALEXANDRIA, Va. (10/25/11)--Credit unions will be interested to know that the National Credit Union Administration has advised its examiners on alternative ways to view how the sudden inflow of deposits and members caused by the planned Nov. 5 Bank Transfer Day could impact credit union finances.
15. Western Bridge Corp. council OKs stand-alone option
TORRANCE, Calif. (2/22/11)--Western Bridge Corporate's Member Advisory Council has voted in favor of a recommendation to apply for a new charter as a stand-alone corporate credit union. A new charter would enable the corporate to take the next step toward consolidation with Members United Bridge Corporate.
14. CU efforts intensify at Fed as interchange delay fails in Senate
WASHINGTON (6/9/11)--Credit Union National Association (CUNA) President/CEO Bill Cheney said Wednesday that the U.S. Senate's failure to delay implementation of the Federal Reserve's debit card interchange fee cap is deeply disappointing and CUNA and credit unions will continue pressing the Federal Reserve to improve the proposed rule to minimize negative effects on credit unions and their members.
13. Visa CEO notes interchange rule's impact on CUs
NEW YORK (7/8/11)--As it made its first filing with the Securities and Exchange Commission since the Federal Reserve's final ruling on restricting debit card interchange fees, Visa Inc. said in a conference call Wednesday that it expects credit unions and small banks and other programs to see "unintended consequences" from the rule.
12. Fed issues interchange 'exempt/not exempt' lists
WASHINGTON (7/13/11)--In its first step to facilitate a two-tiered debit card interchange fee structure since adoption of its final rule, the Federal Reserve Tuesday issued two lists--one with the names of each institution considered to be covered by the new cap on debit interchange fees and another with the names of those that are exempt.
11. How stock market woes may impact CUs
MADISON, Wis. (8/8/11)--Thursday's 513-point plunge in the stock market--the worst decline in nearly two years--could affect credit unions and their members.
10. Senate, House bills would delay Fed interchange plan
WASHINGTON (3/16/11)--Credit Union National Association President/CEO Bill Cheney said last night that the proposed interchange delays introduced in both the Senate and House Tuesday give credit union members and other consumers "a ray of hope that the debit card programs they have come to appreciate may continue unchanged, at least for the short term."
9. What CUs should do in 2011--CUNA economist
MADISON, Wis. (1/7/11)--The Credit Union National Association's (CUNA) 2011 Economic and Credit Union Forecast reflects expectations that the economy will improve, but the level of growth associated with the rebound will be lower than what is typically seen in an economic recovery. This has implications for credit unions' actions, says a CUNA economist.
8. CUs' checking accounts best: Schenk to Bankrate
MADISON, Wis. (4/13/11)--When it comes to offering higher interest rates, credit union interest checking accounts regularly outdo other types of accounts--including those of banks--Mike Schenk, vice president of research and statistics at the Credit Union National Association, told Bankrate Tuesday.
7. Early reports show Bank Transfer Day success
MADISON, Wis. (11/8/11)--For many credit unions, Saturday's Bank Transfer Day was a huge deal. Although many had seen an influx of new members throughout October after the mega-banks announced their now-rescinded debit card fees, many made record single-day strides in new accounts opened Saturday. Some reported more than 600 new members.
6. Supreme Court to look at RESPA case
WASHINGTON (6/27/11)--Credit unions will want to be aware of last week's U.S. Supreme Court decision to hear a Real Estate Settlement Procedures Act--or RESPA--class action case that involves title insurance.
5. 2011 NCUSIF premium not a definite
ALEXANDRIA, Va. (2/22/11)—The National Credit Union Administration said it may not need to assess a National Credit Union Share Insurance Fund premium on credit unions in 2011.
4. CU execs must serve only one board, NCUA says
ALEXANDRIA, Va. (9/12/11)--The National Credit Union Administration's management official interlocks rule prohibits members of a credit union's management team from serving other nonaffiliated depository organizations, NCUA Associate General Counsel Hattie Ulan said in an agency legal opinion.
3. CUNA survey: 40k members, $80M in savings on BTD
WASHINGTON (11/9/11)--Credit unions brought in 40,000 in new members, and added $80 million in new savings account funds, on last Saturday's Bank Transfer Day, capping a month that resulted in nearly 700,000 new credit union members joining the movement.
2. Bank Transfer Day momentum sure to continue, CUNA says
WASHINGTON (11/7/11)—The official Bank Transfer Day came and went on Saturday, and by now the dust has settled and tallies have been taken of how many consumers switched from being bank customers to credit union members on the day that was so much ballyhooed in advance.
1. 650,000 new members ahead of Bank Transfer Day
WASHINGTON (11/4/11)--At least 650,000 consumers across the nation have joined credit unions in the past four weeks, reflecting consumers' reactions to rising fees at banks, according to a survey by the Credit Union National Association.
(Editor's note: In story No. 1, new-member numbers have since been revised to reflect the final results of CUNA's survey.)