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Regulatory Relief Legislation Died in 2002, but Expected to Rebound for 2003

By Sarah Snell Cooke

WASHINGTON-After passing out of the House Financial Services and Judiciary Committees, the Financial Services Regulatory Relief Act (H.R. 3951) lost momentum and died at the conclusion of the congressional session. However, lobbyists view next year as more promising. Several provisions in the bill were favorable to credit unions, which caused...

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Fleming, Retires from Founders FCU

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December 17, 2002

Part 704 Revamped: A New Reg is Born

ALEXANDRIA, Va. - It was a long haul to a new corporate regulation, but most corporate leaders feel it was worth it. The NCUA Board approved the new corporate reg at its October board meeting. The main highlights include the following: *A grandfathering provision for Paid-in-Capital; *Elimination of a provision...

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December 17, 2002

Callahan Hangs Up his Hat at Patelco

SAN FRANCISCO - After more than 25 years working in various aspects of the credit union movement including 15 years as CEO of the $2.9 billion Patelco CU and four years as NCUA Chairman, Ed Callahan will retire on Dec. 31. Known for his dedication to credit unions, his sense...

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December 17, 2002

Checks Down in Volume, Value; ACH EBT Gaining

WEST PALM BEACH, Fla. - Any way you look at it and regardless of which set of numbers you go by, one fact remains: the number and value of checks being written by consumers is declining. The Federal Reserve didn't have to release the revised numbers it did in August...

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December 17, 2002

There Were Still a Few Big Tech Firm Mergers to Speak of

WEST PALM BEACH, Fla. - In years past in this last issue of the year a number of credit union data processing or Net banking mergers that occurred would be chronicled. There's not as many these days, though there's been a deal here and there. One of the most intriguing...

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December 17, 2002

Credit Union Museum Makes U.S. Debut

MANCHESTER, N.H. - This year marked the opening of America's Credit Union Museum. Since 1994, when Armand and Joanne Lemire donated the Boivin family home to the New England Credit Union Heritage Foundation, plans to restore the house to create a national credit union museum, and build a state-of-the-art conference...

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December 17, 2002

Madden Joins the Ranks of Billion Dollar CU Women CEOs

POUGHKEEPSIE, N.Y. - It isn't just the overall number of women credit union CEOs that's increasing, it's also the number of women CEOs of billion dollar credit unions. In May, Mary Madden became the fifth member of that club when she was named president/CEO of the $1.4 billion-in-assets Hudson Valley...

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December 17, 2002

A Regional Corporate Concept is Pushed in the Midwest

WEST PALM BEACH, Fla. - Missouri Corporate CU President/CEO Dennis DeGroodt is worried about Midwest corporates losing their voice. DeGroodt proposed that eight Midwest Corporates (some however don't look like they're from the Midwest when looking at a map) merge and form one large Midwest regional corporate. The eight corporates...

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Top News Stories

Regulatory Relief Legislation Died in 2002, but Expected to Rebound for 2003

Fleming, Retires from Founders FCU

NCUA Employees Consider Organizing Union

Recommended Just For You

News Stories

Part 704 Revamped: A New Reg is Born

Callahan Hangs Up his Hat at Patelco

Checks Down in Volume, Value; ACH EBT Gaining

There Were Still a Few Big Tech Firm Mergers to Speak of

Credit Union Museum Makes U.S. Debut

Madden Joins the Ranks of Billion Dollar CU Women CEOs

A Regional Corporate Concept is Pushed in the Midwest