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FOM Proposal Caps off Year of Credit Union Regulatory Relief

By Sarah Snell Cooke

ALEXANDRIA, Va.-NCUA's proposed rule expanding field of membership authorities issued for comment at the November board meeting was the icing on the cake of 2002's credit union regulatory relief advances. Though modifications were made to virtually every portion of the regulation, according to NCUA Senior Staff Attorney and Field of...

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CUs Broaden, Deepen, Their Work with the Poor in 2002

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Bream Says Goodbye to United

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December 17, 2002

9/11 Attack Brought Home Importance of Back-Up

NEW YORK - In case anyone ever doubted it, the 9/11 attacks on the World Trade Center in New York City brought home the importance of having a disaster relief plan that is as flexible and redundant as possible. It came out this year that the $1 billion Municipal Credit...

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December 17, 2002

NCRC Lawsuit Against NCUA CAP Repeal in Limbo

ALEXANDRIA, Va.-The National Community Reinvestment Coalition filed suit against NCUA at the beginning of 2002 for its elimination of the Community Action Plan regulation. The CAP was removed through an interim final rulemaking at the end of 2001, which did not allow for public comment that NCRC claimed is required...

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December 17, 2002

All in the Family at Provident Central CU

REDWOOD CITY, Calif. - Former Provident Central CU President/CEO Ludelle Morrow will certainly have the ear of her successor at the $1.1 billion CU - not that she plans on talking CU business with him. Morrow was succeeded by her son, Wayne Bunker, who was serving as president/CEO of the...

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December 17, 2002

New York Foundation Disburses 9/11 Donations

LATHAM, N.Y. - In September, the New York Credit Union Foundation announced the recipients of credit unions' outpouring of support for individuals and institutions harmed by the World Trade Center attacks one year before. Over the course of the year since the attack, the Foundation collected more than $1.4 million...

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December 17, 2002

NCUF Gained Power in 2002; Callahan Fund is Born

WASHINGTON - The National Credit Union Foundation gained power in 2002 as pledged investments from credit unions around the country tripled its Community Investment Fund from $50 million to $150 million. The credit unions responsible for the bulk of the growth took part in an investment drive of more than...

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December 17, 2002

Notable Name Changes

There were a few surprises this year in the credit unions participating in the name change game. Here are a few of the more notable name changes that occurred in 2002: With a sponsor company declaring bankruptcy and all the negative publicity associated with it, Enron Federal Credit Union quickly...

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December 17, 2002

Credit Unions Mourn Passing of Leaders, Supporters in 2002

The year 2002 marks the unfortunate passing of many pioneers who brought so much energy, dedication and service to the credit union movement. The following list is by no means complete, and Credit Union Times regrets the omission of any notable deaths not highlighted here. *Former NCUA Administrator and lobbyist...

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Top News Stories

FOM Proposal Caps off Year of Credit Union Regulatory Relief

CUs Broaden, Deepen, Their Work with the Poor in 2002

Bream Says Goodbye to United

Recommended Just For You

News Stories

9/11 Attack Brought Home Importance of Back-Up

NCRC Lawsuit Against NCUA CAP Repeal in Limbo

All in the Family at Provident Central CU

New York Foundation Disburses 9/11 Donations

NCUF Gained Power in 2002; Callahan Fund is Born

Notable Name Changes

Credit Unions Mourn Passing of Leaders, Supporters in 2002