News

HAUPPAUGE, N.Y. - By all assessments, 2005 was a very good year for GrooveCar. Consider the following: in a market where sales have declined as much as 50%, the privately-owned, indirect lending company processed nearly 40,000 applications valued at approximately $800 million. That compares to 15,000 applications in 2004 worth...

The year starts with a number of notable high-level personnel changes. Of course there's Bill Cheney (top right of this page), but he is not alone. Francis Lee has taken over at U.S. Central (page 3), and Tom Griffiths announced plans to retire from the Iowa CU League (page 3)....

Given the increase in community charters and member diversity, credit union name changes remained a top priority in 2005. Credit unions eager to refine and define their brand identity unveiled new names this year to better connect with members and potential members alike. Here is a look at a few...

2005 saw many high-level personnel changes, hitting all areas of the industry. From vendors, trade associations, NCUA and of course credit unions, a number of people have come and gone. Here is a look at just some of the changes in 2005. The list is by no means exhaustive.

HARAHAN, La. - In the early weeks following Hurricane Katrina's, and then Hurricane Rita's, demolition of the Louisiana coastal landscape, one phrase was repeated over and over: nothing is the same. The familiarity taken for granted with living conditions, working conditions, personal relationships, communication, transportation, and even finding sustenance had...

TALLAHASSEE, Fla. - In June of 2004, the members of the $170 million Sunshine State FCU voted to approve their credit union becoming a mutual bank. But in March 2005, the credit union backed off, withdrew its application and left it withdrawn - even though at the time of the...