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Small Credit Unions to See More Scrutiny, NCUA Region III Director Says

By Staff Writer

ATLANTA - A series of liquidated credit unions as a result of poor mismanagement and bad loans means small credit unions will see stricter oversight, NCUA Region III Director Alonzo Swann told attendees at the African-American Credit Union Coalition meeting here. A regional director since 1997, Swann oversees FCUs in...

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Four More CUs Sell Their Card Portfolios to TNB

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2004 saw CUs Defending Nearly Every Aspect of their Operations, Expect Same Trend Next Year, NAFCU Warns

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August 24, 2004

McDonald's to Start Accepting MasterCard Paypass Product

PURCHASE, N.Y. - Some Dallas and New York metropolitan area McDonald's restaurants will start accepting MasterCard's Paypass Pay product at the end of this year, McDonalds and MasterCard have announced. MasterCard's PayPass is a new "contactless" payment option utilizing radio frequency technology, the companies said. MasterCard PayPass cardholders can make...

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August 24, 2004

Georgia Congressman David Scott says CUs are at Forefront of Financial Literacy, Access for All

ATLANTA - Rep. David Scott (D-Ga.) recently told AACUC annual meeting attendees that he's aware of the often-contentious relationship between credit unions and banks, having played referee a few times when colleagues were "at loggerheads." "You want to keep your tax-exemption status," Scott said. "You want to ensure that every...

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August 24, 2004

AACUC Awards Discovery Conference Scholarship to Rita Haynes

ATLANTA - The African-American Credit Union Coalition (AACUC) recently awarded its first CUNA Mutual Group Discovery Conference scholarship to Rita Haynes, CEO of Faith Community United Credit Union. A 40-plus-year veteran of the credit union movement, Haynes has worked at Cleveland-based Faith Community United Credit Union since 1959, serving the...

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August 24, 2004

CUs Can Help Woo African-Americans as Record Number Own More Homes, says Fannie Mae

ATLANTA - Only 20% of the population are actually ready to apply for a mortgage and credit unions are in a unique position to increase that number, one expert said. Speaking at the AACUC's annual meeting here recently, Mercy Jimenez, senior vice president, National Business Center at Fannie Mae, said...

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August 24, 2004

PSCU Pleased with Disaster Plan Performance

ST. PETERSBURG, Fla. - PSCU Card Services, the card servicing cooperative for over 500 credit unions that process their card transactions with First Data Corporation, reported that its business continuity plan performed properly during Hurricane Charley. The cooperative put the plan into place beginning on August 11 when it appeared...

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August 24, 2004

African-American CU Coalition Welcomes All in Mission of Moving Forward

ATLANTA - With the message of moving forward and giving voice to the disenfranchised, the African-American Credit Union Coalition recently kicked off its sixth annual meeting Aug. 12-14. Formed in 1999, the AACUC's mission is to increase the number of African-American professionals in the movement. Over a five-year period, the...

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August 24, 2004

William Porter Honored with AACUC Pete Crear Lifetime Achievement Award

ATLANTA - William Porter's vision and tough, often out-of-the box decisions has catapulted what was once a credit union on the road to liquidation to become New York's largest state-chartered credit union. For a career in financial services spanning nearly 50 years - 23 years at Municipal Credit Union as...

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Top News Stories

Small Credit Unions to See More Scrutiny, NCUA Region III Director Says

Four More CUs Sell Their Card Portfolios to TNB

2004 saw CUs Defending Nearly Every Aspect of their Operations, Expect Same Trend Next Year, NAFCU Warns

Recommended Just For You

News Stories

McDonald's to Start Accepting MasterCard Paypass Product

Georgia Congressman David Scott says CUs are at Forefront of Financial Literacy, Access for All

AACUC Awards Discovery Conference Scholarship to Rita Haynes

CUs Can Help Woo African-Americans as Record Number Own More Homes, says Fannie Mae

PSCU Pleased with Disaster Plan Performance

African-American CU Coalition Welcomes All in Mission of Moving Forward

William Porter Honored with AACUC Pete Crear Lifetime Achievement Award