Credit Union Times | Accurate and Timely CU News

Schwarzenegger Names Kelley California Commissioner of Financial Institutions

By Staff Writer

California Governor Arnold Schwarzenegger recently announced the appointment of Michael Kelley as the new state commissioner of financial institutions.

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Chetco President/CEO Makes 50 Great Leaders for Oregon List

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Tharp Replacing Retiring Piedmont CEO Welch, a 33-Year Veteran

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January 09, 2007

Association of Corporate Credit Unions Names Miller Executive Director

The Association of Corporate Credit Unions found its new executive director from the corporate credit union ranks. Treasure State Corporate Credit Union President/CEO Brad Miller has been named the new executive director, filling the vacancy left by Mike Canning, who departed last October. Canning held the position for three years....

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January 09, 2007

Broader Membership Prompts Bayer FCU's New Name

Bayer Federal Credit Union felt the time was right to make a change that would reflect its broader membership.

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January 09, 2007

Study Shows Homebuyers 'Point' in the Wrong Direction

The average homebuyer usually purchases an excessive amount of points when selecting a mortgage, which leads to a higher payment than if they would have opted for zero points and a higher interest rate, according to research by Abdullah Yavas, Elliott professor of business administration at Penn State's Smeal College...

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January 09, 2007

Federation Warns NCUA Task Force Not to Confuse Low-Income with Modest Means

a group the composition of which has not been announced yet--the National Federation of Community Development Credit Unions emphasized the difference between low-income and modest means and that politicizing the low-income designation could backfire.

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January 09, 2007

Large and Small Credit Unions Alike Can Benefit from Vendor Partnerships to Enhance Mortgage Lending Capabilities

For credit unions considering adding mortgage lending to their list of service offerings, asset size is not necessarily the deciding factor. Both million dollar and billion dollar CUs have found that partnering with a vendor is an effective way to both get a foot in the mortgage door as well...

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January 02, 2007