News

WASHINGTON-Credit unions are equipped to fight the declining rate of personal savings in the United States, Congressman Paul Kanjorski (D-Pa.) stressed to GAC attendees. After speaking out against the huge national deficit and lamenting the negative personal savings rate of Americans, the credit union advocate touted credit unions as part...

SALT LAKE CITY - NetDeposit, Inc. (www.netdeposit.com), a Check 21 software and remote deposit capture solutions provider, has recently unveiled NDpro Managed Services. For financial institutions, NDpro Managed Services provides a hosted, SAS70 Type II-compliant remote capture, clearing and IRD printing solution. The new offering enables banks of all sizes...

WASHINGTON - The Herb Wegner Memorial Awards Dinner is always a special event at CUNA's GAC, and this year's edition was no different. A powerful video presentation on credit unions' efforts in disaster relief for Hurricane Katrina started the dinner on an emotional note. During the video, USA FCU CEO...

WASHINGTON - Meeting in Washington in conjunction with CUNA's Governmental Affairs Conference, the National Federation of Community Development Credit Unions' Board has voted to move the organization's annual meeting in 2007 to New Orleans in order to help support the rebuilding effort in the region. "We aren't a huge conference,...

WASHINGTON-NCUA Board Member Gigi Hyland encouraged credit unions to look at their current challenges as opportunities. She emphasized that NCUA's efforts to begin documenting credit union service to members of modest means is only a pilot program. "I am absolutely opposed to imposing CRA-like requirements on credit unions," Hyland, the...

WASHINGTON-CUNA's unaudited financials, as reported during the Governmental Affairs Conference, show the trade association in a strong financial position heading into 2006. According to the report during the Annual General Meeting by CUNA Treasurer Tom Dorety, CEO of Suncoast Schools Federal Credit Union in Tampa, Fla., CUNA had an operating...