News

WASHINGTON-A credit union took a chance on Congressman Butch Otter's (R-Idaho) family business when no one else would. His father tried to get a loan from a bank to start a small dairy but was turned down. The Otters' credit union came to the rescue though. "That credit union took...

WASHINGTON-Communication, tied to action, is the way to maintain a strong credit union system, NCUA Vice Chairman Rodney Hood said. Hood stated, "Communication requires more than just listening. It requires action." He said that he and the agency had to be willing to adapt to credit unions' needs to fulfill...

WASHINGTON-The treatment of nonprofit credit unions is different from other financial service providers because of their structure and the work they do, Senate Banking Committee Ranking Member Paul Sarbanes (D-Md.) told GAC attendees. "It is very important for the credit union movement to keep in mind that there are very,...

PARSIPPANY, N.J. -RemoteDepositCapture.com can now count industry veteran Chris Dowdell as its latest addition. Dowdell brings check processing, payments systems, technical and industry standards expertise to his new position here with over 25 years experience in check processing and payments system products at industry-leading organizations including Chase Bank and BancTec....

WASHINGTON-Congress-man Mike Michaud (D-Maine), a former credit union board member whom credit unions rallied behind to get elected when he first came to Congress, impressed upon credit unions that every one makes a difference. "In reality, what you're doing here today does make a difference," he said; lawmakers do listen...

WASHINGTON-With 108 co-sponsors to the Credit Union Regulatory Improvements Act (H.R. 2317), it is off to a good start. But doubling that would be better, Congressman Ed Royce (R-Calif.) said. He urged credit unions to encourage their lawmakers to co-sponsor the bill during their visits last week. Royce is the...