AWARDS, BRANCHING OUT, DONATIONS
One of the first orders of business when lawmakers return from the August district work period is a hearing on the credit markets in the House Financial Services Committee.
When the real estate boom was booming, Huron River Area Credit Union boomed right along with it. But as the tide turned, so did the CU's financials.
Camino Federal Credit Union is helping students brush up on their financial responsibility skills with its Right Start Checking Account.
The Michigan Credit Union League announced on its Web site (www.mcul.org) that the questions for its Community Reinvestment Initiative survey were distributed last week with the online survey to be posted Sept. 4.
CUES is giving credit unions the chance to win a free CUES eVote election.
In conjunction with Dunebrook's fifth annual graduation ceremony, Members Advantage Credit Union recently hosted its first IdentiChild community event.
The World Council of Credit Unions has begun collecting money on behalf of Peruvian credit unions and their members who have been damaged by a large coastal earthquake. The 7.9 magnitude quake struck the southwest coast of the South American country on August 15.
Affinity Federal Credit Union is helping parents and students beat the back-to-school blues.
When it comes to raising money for kids, Desert Schools Federal Credit Union is right on top.
Increasing new home sales in the western part of the country could mean the housing slump is turning the corner, NAFCU Chief Economist Tun Wai forecast.
TNB Card Services, the card portfolio processing arm of credit union-owned Town North Bank, has rolled out a product designed to help credit unions who process with the bank to better understand the flow of card data they receive.
The Oct. 1 deadline for using the revised Consumer Handbook on Adjustable Rate Mortgages--CHARM booklet--is fast approaching.
The popularity of its Regulation Z Webinars on proposed changes by the Federal Reserve Board to multi-featured open-end lending has prompted CUNA Mutual Group to add three more Webinars this month.
Eric Jenkins will join the Georgia Credit Union Affiliates as its new senior vice president of credit union development.
Tom DeFrank, an award-winning political journalist and author seeded second among White House reporters, has agreed to speak at the annual Maine Credit Union League's Legislative Forum on Sept. 18.
Given the significant growth in the size and complexity of credit unions' member business lending programs, NCUA has created a new position to help examiners assess safety and soundness.
One more credit union will be merged out of existence this weekend with the combination of Dallas credit unions City Credit Union and Dallas Area Rapid Transit (DART) Federal Credit Union.
Credit unions around the nation are generally seeing significantly improved credit card portfolio performance, according to an analysis of second quarter card portfolio activity.
Membership in Card Services for Credit Unions, the association of credit unions that use the Fidelity National Information Systems card platform, has just made membership in the organization in 2006 free to its members.
Visa USA has made available more details of how large and comprehensive a financial education program it has offered to allow credit unions to offer their members free of charge.
Recovery efforts in New Orleans show two totally different sides, said Peter Ricchiuti, who still has vivid memories of Hurricane Katrina.
After Hurricane Katrina pummeled New Orleans in the summer of 2005, VAHNOLA Federal Credit Union immediately felt the strong impact.
Justice Department officials heard how credit unions can help in community development and crime fighting while attending an Aug. 24 national conference in Detroit sponsored by the Department.
There are signs across the credit union card space that credit unions are beginning to turn back to credit union owned and operated firms for solutions to their ATM, debit and credit challenges.
Illinois Governor Rod Blagojevich has recently signed three Illinois Credit Union League-initiated legislative measures into law.
Ryan Donovan has made the change from California & Nevada Credit Union League director of federal government affairs to CUNA vice president of legislative affairs as of Sept. 4.
The Iowa Credit Union Foundation, together with Coopera Consulting--a subsidiary of the Iowa Credit Union League--has secured more than $425,000 from an anonymous foundation to establish the first credit union Individual Development Account savings program in Iowa.
Indiana credit unions are on a roll this summer when it comes to brick and mortar branches with three medium-sized CUs announcing plans for their first off-site facilities.
This Sept. 5 will mark the sixth anniversary of the revision of Part 721 of the Code of Federal Regulations, which provided more latitude for credit unions to legally engage directly in activities that had previously been prohibited.
Like the three parts of a magic trick, an investment land scam in Florida described in a raft of lawsuits involving Norlarco CU, Huron River Area CU and New Horizons CU had its own twist on the three-step stage trick.
Credit unions trying to keep up with the shifting sands of state and federal rules and regulations amid a landslide of member data and interlocked business processes may feel like technology and regulators seem to be in a race for their dollars and attention.
Now facing a stream of angry reactions to the "mum's the word" handling of the NCUA conservatorship of Norlarco Credit Union here, Chris Myklebust, state commissioner of financial services will also have to cope with state legislators who vowed to revisit a state statute that in fact did not exist.
In the wake of its 2006 attempt to convert to a mutual bank, Lafayette Federal Credit Union has been struggling and steadily shrinking, even as the CUs leadership has pressed its legal case against its former CEO over the failed attempt.
When it comes to attracting, retaining and motivating key executive talent, D. Hilton Associates wants credit unions to stand out from the competition.
Nearly 100 credit union leaders participated in the California Credit Union League's Lobby Day in support of the league-backed Consumer Data Protection bill.
Congressman Rick Renzi (R-Ariz.) will not be seeking re-election, the National Republican Congressional Committee recently announced.
NCUA Legislative Analyst Anne Marie Kelley has left the agency to join the Securities and Exchange Commission as legislative and intergovernmental affairs specialist.
The mortgage turmoil is giving credit unions fresh reason to give portfolios new scrutiny on what they contain in light of the prospect for higher delinquencies and foreclosures, NCUA's top Western states regulator said last week.
The Credit Union of Texas has appointed John B. Lederer as president/CEO, the board announced Aug. 24.
NAFCU recently announced that it has added two more speakers to address its Congressional Caucus Sept. 9-12 at the Grand Hyatt in Washington, D.C.
To mark its 75th Anniversary, Firstmark Credit Union is paying tribute to its roots and the arts.
Travis Credit Union is that latest neighbor moving into Concord.
Atlanta City Employees Credit Union is making it even easier for members to conduct their business at the branch.
GTE Federal Credit Union's New Tampa branch became the destination for some 500 members and guests during its grand opening festivities.
Navy Federal Credit Union's Pensacola, Florida Heritage Oaks Campus Building One, designed by ASD, Inc., has recently received the highest award from BusinessWeek and Architectural Record magazines 10th annual "Good Design is Good Business" competition.
The new the Thomas Jefferson $1 Coin began circulation Aug. 16, according to a release from the U.S. Mint.
CUNA has written NCUA in opposition to the agency's proposal to add a conflict of interest provision to the eligible obligations rule because it is unnecessary while NAFCU said in its comment letter the trade association saw the logic of it; Navy Federal Credit Union, whose CEO sits on NAFCU's...
NCUA and the federal banking agencies and others have revised the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual again.
NCUA recently announced five orders of prohibition against former credit union employees, including one from Dover New Jersey Spanish American Federal Credit Union currently under a cease and desist order from the agency.
he Federal Reserve Board issued a notice last week regarding illegitimate checks being drawn on an entity named TUC Private Currency Office and other questionable practices by The United Cities Corp., Miami, Fla.
The Financial Crimes Enforcement Network has improved its search engine on its Web site, www.fincen.gov.
The discussion over who serves small businesses better--credit unions or banks--was the topic of a June 2007 article in Utah Business Magazine.
To more effectively respond to major disasters, paving the way for faster recovery in affected communities, the Small Business Administration and the U.S. Chamber of Commerce have formed a partnership.
The Members Group has rolled out a new employee initiative program that aims to create a pool of talented individuals that the company can select from when the need to hire occurs.
Prior to launching a full suite of business services and loans, State Employees Credit Union of Maryland's lineup of piecemeal offerings was just enough to appease members who sought them out.
Credit union & CUSO leaders are invited to attend the NACUSO 2007 CEO Collaborative hosted by CU*Answers, Sept. 27-28 at the Crowne Plaza Grand Rapids in Grand Rapids, Mich.
Lisa Renner, CEO of CU Holding Company LLC, and Jeff Russell, CIO/vice president strategic development at The Members Group and executive vice president of affiliate TMG Financial Services, have been elected to Co-operative Payroll Solutions, LLC.
Aiming to enhance local awareness and in line with a trend toward private labeling, Westerra Credit Union has rebranded its securities subsidiary under the name, Westerra Financial Advisors, offering products under CUNA Mutual's Brokerage Services unit.
With the concept of cultivating, planting and bringing an idea to fruition, CUNA Mutual Group has rolled out "The Greenhouse," a new Web site that will provide an outlet for credit unions to submit ideas that could potentially lead to the development of new products.
When it comes to ranking CUSOs by assets, owners, revenue and clients, those affiliated with ATM networks, shared branching and credit and debit cards, top the list, according to data from Callahan & Associates, Inc.
I always enjoy Paul Gentile's columns and I especially enjoyed his recent column about paying directors (CU Times, Aug. 8). I believe it is a subject that should be openly and vigorously discussed.
To assess the current subprime market you have to consider how we got here. Back in the 80s, ARM originations were on the increase as borrowers were enticed with teaser rates sometimes 125 to 200 basis points below prevailing fixed rates.
Americans from all walks of life are benefiting from a strong, resilient, and dynamic economy, which boasts nearly six years of uninterrupted growth.
Things were pretty serious last week with the private insurance column. This week I want to lighten up a bit with a new code credit union leaders should live by given recent events.
EAST, SOUTH, MIDWEST, WEST