News

ALEXANDRIA, Va. - NCUA has recently proposed a number of clarifications and definition changes involving member business lending including the minimum capital requirements a corporate credit union must meet to make unsecured member business loans to non-member credit unions and corporate CUSOs. As it stands, MBLs made by corporates to...

ATLANTA - Tallahassee, Florida-based Southeast Corporate is utilizing VSoft's eDesk Branch Item Capture solution to help facilitate its Check 21 efforts. VSoft's eDesk allows credit union personnel, using capture devices with a small footprint, to capture items at the branch. As items are captured, they can be electronically sent to...

CHICAGO - Thought it doesn't get much publicity, the Corporate Credit Union Operations Forum continues to produce one of the most productive conferences for corporate credit unions. Last week the Corporate CU Operations Forum met in Chicago. Twenty-one corporates were represented, with approximately 50 attendees. What separates this conference from...

IRONDALE, Ala. - The $842 million Corporate America CU said it has applied for Part V investment powers from NCUA. Part V would allow the corporate to engage in loan participations. Loan participation is an area more corporates are considering getting into as they look for ways to help credit...

SAN DIMAS, Calif. - WesCorp said its retained earnings topped $601 million at the close of March. "This is a significant milestone for WesCorp as it represents a first among corporates in our industry as well as another sound measure of our stability and financial strength. Our ability to continually...

WASHINGTON - Corporate credit unions throughout the nation are still trying to get a handle on exactly what they should be doing to comply with the Bank Secrecy Act. BSA is considered a vital reg to help cut off funding for terrorists and detect illegal activity in the financial services...