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Financial Institutions Subcommittee Holds Data Security Hearing

By Staff Writer

WASHINGTON-The House Financial Institutions and Consumer Credit Subcommittee held a hearing last week on data security legislation. Representatives Steve LaTourette (R-Ohio), Darlene Hooley (D-Ore.), Michael Castle (R-Del.), Domestic and International Monetary Policy Subcommittee Chairman Deborah Pryce (R-Ohio), and Dennis Moore (D-Kan.) introduced H.R. 3997, the Financial Data Protection Act of...

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Australia CUs Having Tough Time Against Banks

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BAI's Retail Delivery Focused Around the Retail Customer; CU Attendance Slightly Over 300

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November 15, 2005

Bosnian Zadrugas Battle for Existence; War-Torn Country Still Struggling

SARAJEVO, Bosnia and Herzegovina - Djana Fadil of the Railway Zadruga in this war-fatigued city has battled to keep his zadruga (credit union) open including resisting attempts by the government to arrest him. The zadruga has 4,700 members, a 30-person volunteer board and US$5 million in assets. It operates on...

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November 15, 2005

Canada's Credit Unions Rank High in Overall Customer Service

TORONTO - Credit unions in Canada rank higher than banks and other financial institutions in most customer service measures, according to an independent national survey. The 2005 Synovate Customer Service Index found credit unions ranked highest in: * overall quality of customer service; * values "my" business; * staff service...

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November 15, 2005

Utilities, Lenders Dominate Billers in Expedited Payment Channel

NEEDHAM, Mass. - Utilities continue to be the leading category of billers for expedited bill pay transactions in the United States, followed by lenders. Meanwhile, the research and advisory firm estimates that expedited bill payment volume in 2005 will total approximately 554 million transactions, 287 million of which originate through...

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November 15, 2005

Wayne Nygren to Retire from $4.5 Billion CU Central of British Columbia

VANCOUVER, British Columbia - After 20 years at the helm, Wayne Nygren announced on Nov. 8 that he will retire in April 2006 as president/CEO of Credit Union Central of British Columbia. Nygren, 60, joined Central in 1981 as vice-president, finance and chief financial officer. He was appointed president/CEO in...

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November 15, 2005

Australian Credit Union Gets Naming Rights for Football Stadium

PENRITH SYDNEY, Australia - Rugby Fans of the Penrith Panthers had mixed reactions to the renaming of their stadium. The new name will be Credit Union Australia Stadium Penrith after the country's largest credit union. This is the first time the stadium has had corporate sponsorship and is the home...

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November 15, 2005

New CU headquarters Pleases Australian Town

GOLBURN, Australia - Golburn is celebrating the creation of new jobs when the Police Credit Union moves its headquarters from Sydney in late November. The town lost several jobs when the Telstra's call center laid off 18 people and GHAS laid off nine. Another smaller lay off is anticipated from...

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November 15, 2005

New Zealand Credit Union Wins Association Award

INVERCARGILL, New Zealand - Southland Credit Union (SCU) has been presented the People Helping People Award by the New Zealand Association of Credit Unions (NZACU). The annual award goes to a credit union that made a definable difference in the lives of one or more members. This is the second...

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Top News Stories

Financial Institutions Subcommittee Holds Data Security Hearing

Australia CUs Having Tough Time Against Banks

BAI's Retail Delivery Focused Around the Retail Customer; CU Attendance Slightly Over 300

Recommended Just For You

News Stories

Bosnian Zadrugas Battle for Existence; War-Torn Country Still Struggling

Canada's Credit Unions Rank High in Overall Customer Service

Utilities, Lenders Dominate Billers in Expedited Payment Channel

Wayne Nygren to Retire from $4.5 Billion CU Central of British Columbia

Australian Credit Union Gets Naming Rights for Football Stadium

New CU headquarters Pleases Australian Town

New Zealand Credit Union Wins Association Award