WASHINGTON-The Credit Union Economics Group's most recent quarterly report predicts the economy will pick up slightly for the rest of 2003 and into 2004. "We are beginning to feel the impact of the federal tax cut and government spending programs," CUNA Mutual Economist Dave Colby said. "While there is a...

WASHINGTON-The Missouri Supreme Court is slated to hear on Sept. 10 arguments in a field of membership lawsuit brought against TelComm Credit Union by the bankers. The lawsuit, brought by the Missouri Bankers Association and Century Bank of the Ozarks in 2001 against TelComm Credit Union, the Missouri Division of...

WASHINGTON-CUNA is taking full advantage of technology and the August recess by bringing key lawmakers in the battle for regulatory relief to the computer monitors of credit union officials nationwide. CUNA is distributing links to a video presentation via e-mail to the state leagues, which in turn will send them...

WASHINGTON-U.S. District Court Judge Henry H. Kennedy Jr. ruled that NAFCU and CUNA can not provide any unique information to aid the court in making its decision in the suit filed by the National Community Reinvestment Coalition challenging NCUA's process in repealing the Community Action Plan. The court found, "An...

BOSTON-NCUA Vice Chair JoAnn Johnson announced a new cost-saving measure at NCUA at NAFCU's 36th Annual Conference. She noted that NCUA currently spends about $1 million a year distributing information to credit unions. If just 50% agreed to receive those communications electronically, the agency's savings would be substantial, Johnson observed....

BOSTON-Often when credit union officials and others in the financial services industry hear the word privacy, the first thing that comes to mind is regulations and privacy notices. According to Fidelity Investment Chief Privacy Officer Leigh Williams, that should not be the case, even though those matters are important. Member...

BOSTON-Three major, incorrect perceptions of credit unions exist that the community needs to work to reverse, NCUA Board Member Deborah Matz told attendees of NAFCU's 36th Annual Conference. Matz said that there are three dangerous misperceptions some lawmakers have about credit unions: that large credit unions are just like banks;...

BOSTON-With standing room only, Joanna Bruno, president of J.R. Bruno & Associates told attendees of NAFCU's 36th Annual Conference that credit unions have the opportunity to hook some pretty big fish through Small Business Administration-backed loans. She noted that while it is called the `Small' Business Administration, it can guarantee...