David Cotney says growing state-federal cooperation can help ease regulatory burden on credit unions.
It’s been four years now since lawyers from CUNA and the American Association of Credit Union Leagues drafted a so-called "Model Credit Union Act" for implementation by the leagues. But the 2011 project is off to a quick start with bills ready for introduction in several state legislatures.
Douglas J. Petersen, who became the interim CEO of the $800 million Workers' Credit Union of Fitchburg, Mass. in December following the sudden departure of its veteran head, Frederick D. Healey, has been promoted to the permanent CEO slot.
The $800 million Workers' Credit Union of Fitchburg, Mass., said Friday it has promoted Douglas J. Petersen, its interim president/CEO, to permanent status.
Last month, the Credit Union Community Hope Initiative presented the Massachusetts Coalition for the Homeless with a check for $125,000, representing funds raised by the credit
In compliance with NCUA's Jan. 27 rule on financial literacy for directors, state leagues are revving up their 2011 training and education programs.
Massachusetts credit unions can now accept deposits above the $250,000 insurance limit under a new law that went into effect last week.
The top seats on the CUNA Technology Council will remain in the same hands for the next year.
The economy may be struggling, but the summer series of big credit union conferences upcoming in Las Vegas and Chicago seems to be wooing good crowds even though many participants are on tight travel budgets.
In a departure from the routine, New England credit union executives will get a bank regulator's perspective on conditions facing financial institutions next Friday.