Credit Union Times Magazine May-03, 2006

  • Latino Coalition Eager to Bring Barreto Aboard

    WASHINGTON - The Latino Coalition said bringing Hector Barreto on board will help take the organization "to a whole new level." "Hector Barreto is one of the most respected leaders in our nation," said Robert de Posada, president of the coalition. "As national chairman, Hector Barreto will be a leader...

  • Allegations Fly

    For their part, members of the DFCU Owners United group are protesting what they characterized as the credit union's "smear and fear" campaign against the possible recall. "We moved ahead with calling for the special meeting, because a large number of members urged us to do so," said Gary Wolas,...

  • CUNA Mutual Adds Five CUs for CPI

    MADISON, Wis. - Five credit unions that did more than $200 million in vehicle loans in 2005, recently chose CUNA Mutual Group's Collateral Protection Insurance to help mitigate the risks of loss from damaged, uninsured vehicles. BrightStar Credit Union, MidFirst Credit Union, Chetco Federal Credit Union, Sun Federal Credit Union...

  • Barreto Steps Down as Head of SBA To Become Chair of Latino Coalition

    WASHINGTON - In an unexpected move, Hector Barreto announced April 25 that he will resign as administrator of the Small Business Administration after nearly five years at the helm. Barreto said he is leaving the agency to become the national chairman of The Latino Coalition, a nonprofit organization formed to...

  • Comments Mixed on NCUA's Attestations ANPR; Most Agree $1 Billion Should be Cut-Off Mark

    ALEXANDRIA, Va.-NCUA received comments from credit unions and their trades, a banking trade association, CPAs, and others regarding attestations on internal controls for credit unions and their responses were all over the map. "After careful consideration, NAFCU is unconvinced that the benefits gained from an attestation on internal controls requirement...

  • Former NJCUL President Sentenced; Pleads Guilty to Embezzlement

    HIGHTSTOWN, N.J. - Thomas Shaughnessy, former president/CEO of the New Jersey Credit Union League was sentenced April 21, after pleading guilty to embezzling nearly $300,000 from the league. The 44-year old Shaughnessy was sentenced to five years probation and ordered to make full restitution. In addition, he was fined $7,500...

  • Filene Report: Long-Term CDs Seen as Viable Option to Generate Secondary Capital

    MADISON, Wis. - In the midst of the industry's ever-changing regulatory landscape, would members be inclined to invest in capital-building products beyond traditional credit union lines of business and to what extent could those products help raise secondary capital for credit unions? A new report from the Filene Research Institute,...

  • Schermerhorn: Outreach Requires More Than `Float in Parade'

    CLEVELAND - When it comes to social outreach, credit unions, particularly those with community charters, need to go beyond basic PR since "simply getting your float in the parade or sponsoring a Little League team" does not cut it. That message to CU executives to step up their social service...

  • Members, Community to Share Fort Community CU Dividend

    FORT ATKINSON, Wis. - A $1.1 million dividend from Fort Community Credit Union will not only be shared by members, but also by a number of organizations in the surrounding community. Members of the $105 million credit union will receive their portion of $538,000 and $602,500 will be distributed as...

  • NCUA Figures Show Community Charter Activity, Underserved Area Adoption Declines

    ALEXANDRIA, Va.-According to data released last month by NCUA, the adoption of underserved areas and conversions to and expansions of community charters slowed significantly between the first quarter of 2005, and the same period this year. Thirty-six credit unions either converted to community charters or expanded their communities during the...

  • Credit Union Interest Still High in Wal-Mart Case

    OVERLAND PARK, Kan. - Credit union interest in the outcome of Wal-Mart Stores' application for an industrial loan bank in Utah remained high last week with both regulators and trade group executives attending the last of the Federal Deposit Insurance Corp. hearings on deposit insurance. After a daylong session in...

  • Mica, Berger Ranked Among Top Association Lobbyists by Capitol Hill Newspaper

    WASHINGTON-Two top credit union lobbyists have made the grade on The Hill's 2006 list of top association lobbyists based on conversations with member of Congress, aids and lobbyists. CUNA President and CEO Dan Mica has made the list for the third year running. He "and his group are players on...

  • New York Assemblyman Introduces CU Bill that Expand CUs' Ability to Serve the Unbanked

    LATHAM, N.Y. - The New York State Credit Union League is keeping its fingers crossed that a bill introduced last week that would make it easier for credit unions in the state to provide services to the unbanked and underserved will be voted out of the state Assembly Banks Committee...

  • Missouri Credit Union Association Keeping Up Momentum of Public Awareness Campaign

    ST. LOUIS - The communications tools have been distributed to Missouri credit unions for the Missouri Credit Union Association's statewide public awareness campaign, and now it's time for the CUs to hit the streets with the CU message. The campaign is an MCUA initiative to strengthen the association's brand and...

  • MCT FCU Intern Praises Program

    ROCKVILLE, Md.- Paint Branch High School Senior Candace DePass talked up her recent MCT Federal Credit Union internship experience to a room full of representatives from Montgomery County Public Schools and the National Academy Foundation during a Leadership Team Breakfast. MCPS and the NAF representatives were meeting to discuss new...

  • Out of State CUs Win New Voting Rights in Colorado Association

    COLORADO SPRINGS, Colo. - In a governance departure possibly impacting other state leagues and reflecting regional CU growth, the Credit Union Association of Colorado is giving out-of-state CUs a stronger voice in guiding policy of the trade group. Meeting here for its annual meeting, CUAC delegates voted unanimously to allow...

  • Simmons Calls on Bankers to `Redouble' Efforts in Opposing CURIA

    WASHINGTON-In an attempt to thwart credit unions' efforts to pass the Credit Union Regulatory Improvements Act (H.R. 2317), American Bankers Association Chairman Harris Simmons is summoning the banking community's grassroots to follow up on Capitol Hill visits with letters opposing the bill. "For years, bankers have been concerned that credit...

  • Wolter Celebrates 40 Years as Alabama League CEO

    BIRMINGHAM, Ala. - Alabama Credit Union League CEO Gary B. Wolter, who holds the distinction as the most veteran league CEO, was honored by his league at a tribute during the league's annual meeting. The 66-year-old Wolter, who is celebrating 40 years as CEO, attributes his longevity in the trade...

  • Will Rising Fraud Fears, Costs, Lead More CUs to Abandon Credit Card Market?

    MADISON, Wis. - Although none of its executives will say exactly how much, it seems almost inevitable that CUNA Mutual will increase the costs of credit and debit card coverage in the coming months as the insurer seeks to protect itself from the wave of spectacular card data breaches and...

  • Veridian CU Director Kressig Shakes Head At Opponents `New Lows' as Re-Election Campaign Gears Up

    DES MOINES, Iowa - As the campaign season gears up, Iowa Rep. Bob Kressig (D-Cedar Falls) has been told by some of his constituents that they are receiving questionable, recorded phone calls about his track record. Kressig, a director at $1 billion Veridian Credit Union, who first came to office...

  • CUNA Lashes Out Against Bank Claims NCUA Is `Rubber Stamp' After FDIC IG Finds Insurer Allowed Banks to Wiggle Out of Premium

    WASHINGTON-A report by the FDIC's inspector general found that the federal deposit insurer for banks and thrifts maneuvered last year to help banks avoid paying a premium. The issue revolves around the calculation to estimate the insured deposits of Oakar institutions, Bank Insurance Fund-institutions that purchased Savings Association Insurance Fund-institutions....

  • Franklin Mint Federal Credit Union Celebrates Education Superstars

    BROOMALL, Pa. - What better way to honor Credit Union Youth Week than to recognize those devoted to educating students on how to be financially savvy consumers? Franklin Mint Federal Credit Union has hosted the first Partners in Learning banquet to celebrate education and award scholarships. "This evening is about...

  • DFCU Financial Board Fight Getting Ugly; CU Following Columbia Model to Try and Save Board

    DEARBORN, Mich. - The fight over whether the $1.8 billion DFCU Financial will recall its board has supplanted the fight over whether the CU would become a bank and is showing itself to be the uglier and more desperate struggle. The credit union leadership abandoned its quest to become a...

  • Desert Schools Exceeds Low-Income Home Loan Goal in Five Months, Will Renew Commitment

    PHOENIX - Desert Schools FCU has surprised even itself. Five months after it signed a Community Lending Alliance with Fannie Mae and committed $100 million in home loans to low-to-moderate income and minority families over two years, the $2.5 billion CU exceeded its goal. "When we set the $100 million...

  • GrooveCar's `Dealer Challenge' Gets CUs', Dealers' 2006 Auto Lending Activity Off to Fast Start

    HAUPPAUGE, N.Y. - The year may already be five months old, but credit unions on Long Island got a jumpstart on their annual auto lending activity from the successful Dealer Challenge that was run by GrooveCar for the first three months of the year. The 2006 GrooveCar Dealer Challenge ran...

  • Illinois Credit Union League, Midwest Association of Credit Unions Agree to Merge for Small CUs' Benefit

    NAPERVILLE, Ill. - Illinois credit unions have reached a milestone in their history. After 44 years of having two credit union associations in the state - the Illinois Credit Union League and the Midwest Association of Credit Unions, - as of May 1 there will only be one. After several...

  • Lawmakers Share the CU PAC Spoils; NAFCU Holds Joint Fundraiser with ACB to Benefit McHenry

    WASHINGTON-Though the two major credit union trades had contributed funds to Congressman Patrick McHenry's (R-N.C.) election campaign, contributions ceased after the introduction of McHenry's Credit Union Charter Choice Act (H.R. 3206), which lessens NCUA's role in credit union-to-bank conversions. In April of last year, the Credit Union Legislative Action Council...

  • Baker Hill Launches Portfolio Risk Advisor

    CARMEL, Ind. - Baker Hill, an Experian company, has launched its Portfolio Risk Advisor, a solution that leverages its risk-management platform with Experian data. Portfolio Risk Advisor is an automated loan portfolio monitoring solution that uses internal and external performance and behavioral data to help financial institutions streamline the portfolio...

  • SBA's Micro Loan Program on Chopping Block Again

    WASHINGTON - The Small Business Administration's Micro Loan program may be eliminated if President Bush's 2007 budget proposal for the agency goes through. The lending program provides very small loans to start-up, newly established, or growing small businesses. SBA makes funds available to nonprofit community based lenders which, in turn,...

  • Maryland Coalition for Financial Literacy Presses Forward on New Graduation Requirements

    TOWSON, Md. - The Maryland Coalition for Financial Literacy, which counts the Maryland and District of Columbia Credit Union Association, Maryland Credit Union Foundation and several credit unions among its members, is pushing to have personal financial education as a course requirement for high school graduation. "Financially literate students most...

  • Bush Nominates Steven Preston as Next SBA Administrator

    WASHINGTON - Shortly after SBA Administrator Hector Barreto announced his plans to resign from the agency, President Bush nominated Steven Preston to take over the helm. Preston currently serves as executive vice president of strategic services at The ServiceMaster Co. The firm provides lawn care and landscape maintenance, termite and...

  • OnPoint Community CU Reps Recognized For Top Investment Performance

    PORTLAND, Ore. - Michael Volk and Stephanie Nelson, registered representatives affiliated with CUSO Financial Services, LP, are among those who have received the broker-dealer's 2005 Gold Pacesetter Award. The award honors the top producing registered representatives among CFS' 100 credit union programs. Volk and Nelson were credited with generating significant...

  • Latino Community CU Honors Members Graduating from Financial Program

    DURHAM, N.C. - For their diligence with learning about a number of financial education topics, 20 members of Latino Community Credit Union were recently honored at a graduation ceremony. Members completed workshops offered by the $24 million credit union, which included education on the benefits of a checking account and...

  • NAFCU Launches `Macro Data Flash'

    ARLINGTON, Va.-NAFCU President and CEO Fred Becker announced the unveiling of its new Macro Data Flash, which provides members with macro-economic trend analysis. Developed by NAFCU Senior Economist Jeff Taylor, the Macro Data Flash provides concise analysis of key consumer-oriented economic indicators, such as the gross domestic product, consumer price...

  • Newtek Says Plans to File 10-K to Avoid NASDAQ Delisting

    NEW YORK - Newtek Business Services, Inc. said it anticipates filing its annual Form 10-K for the year ending December 31, 2005, on or before May 3. The small business services provider and one of CUNA's strategic partners, previously announced that, due to the late filing, it had received an...

  • Two Former CUs Make Cover Of April Banking Journal

    WASHINGTON - Two former CUs that became banks in 2005, have made the cover of the ABA's Banking Journal. In its April issue, the magazine has a lengthy interview with Larry Duckworth, CEO of the formerly $1.1 billion OmniAmerican Credit Union, now OmniAmerican Bank and a slightly smaller interview with...

  • NAFCU Unveils Risk-Weighted PCA Calculator

    ARLINGTON, Va.-NAFCU has posted a new risk-weighted net worth calculator on its Web site (www.nafcu.org) to help all credit unions to forecast long-term net worth. Chief Economist Tun Wai explained that the new calculator will enable credit unions to estimate the change in its risk-weighted net worth over five years...

  • Credit Union 24 Has Another Record Dividend

    TALLAHASSEE, Fla. - Credit Union 24 has paid its network-participating credit unions approximately $7.2 million in dividends and rewards for 2005, the Florida based CU-owned ATM and EFT network announced. The $7.2 million disbursement includes a $2.5 million Patronage Dividend declared by the Credit Union 24 Board of Directors, and...

  • Community Development CUs Growing Fast, Investing Report Says

    WASHINGTON - Community Development Credit Unions are among the fastest growing segments of socially responsible investing and grew their assets by 749% in the six years between 1999 and 2005, according to a report prepared by the Community Investing Program, a project partially sponsored by CO-OP America. The Community Investment...

  • CENTRIX's Consumer Loan Performance Rebounds from Effects of Katrina, Bankruptcy Legislation, High Gas Prices

    CENTENNIAL, Colo. - After dealing with the economic effects of Hurricane Katrina, higher gas prices at the pump and the new personal bankruptcy laws that became effective last October, CENTRIX Financial says its consumer automotive loan delinquencies are on the downturn. The company reported its consumer automotive loan delinquencies dropped...

  • Barksdale FCU Staffers Give CEO Shirts Off Their Backs

    BOSSIER CITY, La. - To mark Barksdale Federal Credit Union CEO Arno J. Easterly Jr.'s 71st birthday, staffers literally gave the shirts off their backs. BFCU Financial Service Representative Verena Accettella came up with the idea for each of the over 270 staffers to donate one of their credit union...

  • NAFCU Hurricane Relief Fund Comes Up Big

    The NAFCU Foundation's Hurricane Katrina Relief Foundation was set up in the wake of the massive storm to benefit the American Red Cross. A contribution of $168,751.55-coming from NAFCU members and staff, corporate sponsors, credit unions and other avenues-was presented to Jennifer Stokes, director of annual campaigns in the development...

  • TNB Sweepstakes Boost New Accounts By 68%

    DALLAS - TNB Card Services, the card processing and servicing arm of credit union-owned Town North Bank, saw new accounts in its agent portfolio relationships increase 68% in November and December 2005, over the same period in 2004, thanks to an employee incentive sweepstakes offered at 33 of its agent...

  • Elections Becoming Costlier, Drawn Out

    WASHINGTON-CUNA Senior Vice President for Political Affairs Richard Gose said the Credit Union Legislative Action Council of CUNA began this election cycle (2005-2006) doling out funds faster than in the past. He explained that as lawmakers begin ramping up for re-election earlier and earlier in the House's two-year election cycle,...

  • TNB Processes for Four More CUs

    DALLAS - TNB Card Services has completed conversion of four credit union credit card programs, and is now providing its full-range of processing services to those credit unions, the card processing arm of credit union-owned Town North Bank announced. The new conversions took place at the $114 million Cy-Fair Federal...

  • CU 4 Reality Fair a Reality Check for Middle School Students

    MANCHESTER, N.H. - Students lined up to get real about money during the second annual CU 4 Reality Financial Literacy Fair held at America's Credit Union Museum. CU 4 Reality is a financial management program taught to seventh and eighth graders as part of the Math curriculum at Rundlett Middle...

  • New Members Continue to Join Credit Unions, Latest Data Shows

    MADISON, Wis. - An additional 305,000 members joined credit unions in February. Year to date, membership has increased by 505,000, according to CUNA Mutual Group's just-released Credit Union Trends Report, bringing the year-over-year increase back above the million member mark. Looking at the rest of the year, a "modest growth...

  • Saugus FCU Youth Savings Program a Hit

    SAUGUS, Mass. - Credit Union Youth Week provided Saugus Federal Credit Union an opportunity to shine the spotlight on its popular Youth Savings Program at the Oaklandvale School. In its fourth year, the program helps the elementary school students learn the value of saving money and watching their savings grow....

In Other News

  • AWARD

    Franklin Mint Federal Credit Union, Broomall, Pa., recently named Margaret Wanger, first Financial Literacy Advocate. She will be awarded during the Credit Union's Partners In Learning banquet. In addition to being recognized for her efforts in helping bring the first student-operated credit union branch to the Philadelphia region, she will...

  • MILESTONE

    CMT Federal Credit Union, Fairfield, Calif., has gone back to the 1950s to celebrate its 50th anniversary. The 50th anniversary celebration event is built around a sweepstakes drawing with three home size CD jukeboxes as the grand prizes. Continuing the 1950s theme are special anniversary loan rates and bonus gifts...

  • DONATION

    Teachers Credit Union and WSBT Channel 22, South Bend, Ind., announced the winners of their I Love to Read Challenge. The challenge was to read as many minutes as possible in the month of February. In attendance at the event were the top three classrooms, the top seven student readers,...

News

Regulatory/Compliance

News Briefs

  • McKnight Retiring After 37 Years of CU Service

    SUGAR LAND, Texas - Sally McKnight's credit union career that began as a volunteer for Den-Tal-Ez Employees CU 37 years ago and culminated with her serving as president of Houston FCU, will end next month. McKnight has announced her plans to retire in June. Christopher Choat, HFCU's senior vice president...

  • Coastal FCU Fills Member Need with HSAs

    RALEIGH, N.C. - Coastal Federal Credit Union is the latest credit union to offer Health Savings Accounts. HSAs are tax-free savings accounts that can be used to pay for medical expenses including prescription and over the counter drugs incurred by individuals, spouses or dependents. These accounts are accompanied by high-deductible...

  • NCUA Approves Empire/Mid-States Merger

    ALEXANDRIA, Va. - NCUA has approved the merger of the $4.5 billion Empire Corporate and the $6.4 billion Mid-States Corporate. This is one of a number of large corporate mergers in the corporate network. Just recently, the $10 billion Southwest Corporate announced plans to merge with the $4 billion Southeast...

  • Bank Fee Rise May Give CUs Opportunity

    NEW YORK - Credit unions seeking to become their members' primary financial institution might consider exploiting the steady increase in different fees charged by banks, particularly ATM and checking fees. According to a survey conducted by Bankrate.com, a leading independent source of financial data, the fees banks charge for a...

  • Glen Lee Leaves TNB

    DALLAS - Glen Lee, longtime senior vice president for marketing with TNB Card Services and an executive who helped the firm make the transition from urging CUs to keep their credit card portfolios to buying them, has left the firm. TNB Card Services is the card processing arm of credit...

  • Strong Member Growth, More Assets Found at CUs With MBL Programs

    WASHINGTON - A number of characteristics set credit unions that have member business lending programs apart from those that don't. One of those is asset size. In 2005, the average size of a credit union offering MBLs was $243.5 million compared to $185 million for non-MBL program participants, according to...

  • USE Credit Union Baughman Quietly Resigns

    SAN DIEGO - USE Credit Union President and CEO Linda Baughman resigned from her position April 11 in a move that came as a surprise to the remaining leadership of the $768 million credit union, said USE CU Assistant Vice President Kevin Moyle. Credit union officials aren't budging from their...

Marketing

  • North Island Credit Union First to Donate to 49er Quarterback Alex Smith's Foundation

    SAN DIEGO - North Island Credit Union is helping area foster teens by donating $10,000 to the Alex Smith Foundation. The donation marks the first public contribution to former San Francisco 49er Quarterback Alex Smith's organization. The credit union's relationship with Smith began last year during an Extravaganza Golf Tournament...

  • Kauai Community FCU Youth Program Takes Honors

    LIHUE, Hawaii - Kauai Community Federal Credit Union Youth Program marketing efforts have been recognized with some five awards. At the CUNA Marketing and Business Development Conference in Orlando, Florida in March, KCFCU received two Diamond Merit Awards. One in the category of Youth Marketing & Financial Education for its...

  • DHA Clients Golden Mirror Winners

    THE WOODLANDS, Texas - D. Hilton Associates and five of its marketing and advertising clients walked away with eight Golden Mirror awards at the recent CUES Nexus Conference. Leading the award-winners among DHA's clients was Pacific Oaks Federal Credit Union, which received First Place for its logo (assets of $150...

  • Credit Unions Shine Spotlight on CMN Sponsorship

    HAMILTON, N.J. - Hamilton Horizons Federal Credit Union CEO/ New Jersey Credit Union League Board Secretary Cindy Rein-Zima helped make sure consumers know how CUs are supporting the Children's Miracle Network. Rein-Zima was recently interviewed on a television program, The Children's Miracle Network Celebration, and spoke with local CN8 host...

Billlionaires Club

Opinions

  • It's Not Just About Philosophy Anymore

    In my last Op-Ed in Credit Union Times, which ran on October 19 2005, titled "Facing up to the Benefits of Collaboration," I laid out a strong case for credit unions to take another look at the advantages offered by collaboration in CUSOs. I told you of the "new" NACUSO,...

Publisher's Column

  • Leagues Can and Should Still Be Innovators

    Sometimes I worry that state leagues defer to CUNA too much on various issues. I am a fan of the current CUNA, which has truly become a world-class trade association, but CUNA doesn't do everything well. They have had a number of failures on the product side, an area CUNA...

People

  • SOUTH

    Fort Campbell Federal Credit Union, Clarksville, Tenn., has appointed R. Jeffrey Harris to vice president of finance.

  • SOUTHWEST

    EDS Credit Union, Plano, Texas, has appointed Jane Lindeman as branch manager and Gina Williams as call center supervisor at its Democracy branch. Piper Madison is the new branch manager for the CU's EDS Centre Building Branch on the EDS Campus. The CU also named Shelley Pence, assistant vice president,...

  • WEST

    Mountain America Credit Union, West Jordan, Utah, has appointed Curtis Anderson to vice president of small business administration loans; Terri Barlow to vice president of risk management; Ray Carsey to vice president of information technology; Bret Carter to vice president of select member services; David DeLaMare to vice president of...

  • EAST

    Sunmark Federal Credit Union, Schenectady, N.Y., has named Stella Pigeon, compliance analyst of risk management. Jersey Shore Federal Credit Union, Northfield, N.J., has elected Stephen Dymnioski and re-elected Robert Wilson to its board of directors. The 2006 officers were named: John DiNofrio, chairman; Robert Wilson, vice chairman; John Marsden, secretary;...

  • MIDWEST

    Team One Credit Union, Saginaw, Mich., board of directors appointed Pat O'Toole as chairman. CME Federal Credit Union, Columbus, Ohio, has named Jacquie Ayres, assistant vice president of marketing, and Amy Day, assistant vice president of human resources. Centra Credit Union, Columbus, Ind., has appointed Laura Burton to mortgage originator;...

Special Report

  • Merrimack Valley FCU, BrandPartners Team Up For New N.H. Facility

    NORTH ANDOVER, Mass. - Merrimack Valley Federal Credit Union has tapped BrandPartners, a provider of differentiated retail environments headquartered in Rochester, New Hampshire, to design and construct its new Plaistow, N.H. branch. The branch marks the credit union's first location in New Hampshire. The project consists of a 3,500 square-foot...

  • New Roost for Raritan Bay FCU Eagle's Nest Branch

    SAYREVILLE, N.J. - Raritan Bay FCU's student-run Cardinal McCarrick High School branch, dubbed the Eagle's Nest, is now a freestanding kiosk. Located inside the school's cafeteria, which is shared with St. Mary's Elementary School, the branch is now open to all students, staff and faculty at both schools from grades...

  • Barksdale FCU Acquires Former Bank Building

    ALEXANDRIA, La. - Barksdale Federal Credit Union has recently purchased the former Jackson Street Rapides Bank building. Members will continue to be served at the credit union's current location in the Rayford building until the new center is open and operational. "To help our members immediately, the first phase of...

  • Truliant FCU Hosts Grand Opening

    WINSTON SALEM, N.C. - Truliant Federal Credit Union is hoping Guilford County residents will be drawn to its new High Point member financial center here. The state-of-the-art member financial center includes such amenities as drive-thru service, a 24-hour no-surcharge ATM, interactive video-conferencing and an electronic kiosk where members can access...

Looking Back

  • CREDIT UNION TIMES Vol. 11, No. 18 May 3, 2000

    Looking back six years ago finds National Bank of Commerce Chairman/American Bankers Association Governmental Affairs Committee Chairman-Elect Ken Fergeson spouting off against credit unions. Vowing to fight credit unions for sake of family and country, Fergeson believes that since public schools, national defense, roads and all other services administered by...

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