Looking back four years ago finds NCUA Chairman Norman D’Amours resigning under pressure from the White House. The general reaction to the news in CU-land was an overwhelming sense of “it’s time for all of us to move on.” Though D’Amours’ letter did not specifically offer a resignation, its tone did. “It was a great honor being associated with your presidency, and I will always be grateful for your many kindnesses and your support. If ever I am in a position to render any service to you, please do not hesitate to ask,” said D’Amours in his resignation letter to President Clinton. That issue also finds 30 credit unions in South Carolina joining with the South Carolina Credit Union League’s service corporation to form an ATM CUSO. The Credit Union Member Access Corp. provides a network of no-surcharge ATMs in underserved areas throughout the state. “There is a need for this,” said the CUSO’s CEO Ed Culpepper. “Credit unions here are having a hard time competing with banks for member checking accounts and to become their members’ primary financial institution because they don’t offer ATMs. So this CUSO has been formed for the good of the credit union system here.”

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.