Credit Union Times | Accurate and Timely CU News

Nation's first corporate credit union, Central CU Fund, turns 70

By Staff Writer

AUBURN, Mass. - The first corporate credit union turns 70 this year, and its relatively new CEO says this small corporate is ready to make some noise in the network. With a stroke of the pen back in 1932, the Massachusetts state legislature formed the nation's first corporate credit union....

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UN credit union helps multinational writer

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White to step down as CEO of Treasure State Corporate in early 2003

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February 05, 2002

What to ask when choosing an electronic bill payment vendor

Today, consumers are looking for more efficient and cost-effective ways to manage their time, finances and related bill-payment activities. Increasingly, they are finding what they want at credit unions. More and more, consumers are turning to credit unions for a variety of electronic commerce products and online financial services. That's...

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January 29, 2002

Hawaii CUs losing a gem

Ron Ogata has retired as president/CEO of the $471 million HAwaiiUSA FCU. Find out how this former banker approached the job... See story page 22.

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January 29, 2002

Special Report: Lending/Mortgages

Economists are predicting an upswing in mortgage rates later this year, and CU experts are advising credit unions to revisit their ALM policies. Read about this and more in a special report on pages 16, 17 and 20.

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January 29, 2002

Navy FCU Mortgage Trends

1998 1999 2000 Loans Closed Loans Closed Loans Closed # $ # $ # $ Jan. 859 104,878 1,919 237,693 467 61,624 June (cume) 9,900 1.2 11,032 1.4 3,941 527,321 Dec. (cume) 20,813 2.6 15,958 2.1 8,790 1.2 Source: Navy FCU

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January 29, 2002

Rising mortgage rate environment a good time for CUs to reassess their ALM strategies

By ELAINE KINGOFF-BARR CU Times Editor-in-Chief WASHINGTON - Low mortgage rates last year were good news for credit unions' loan portfolios, especially when loan growth in other areas was soft. Coupled with a strong growth in savings, credit unions tended to hold onto fixed rate mortgages to build up their...

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January 29, 2002

Loan Product Ratios SCCUs, FCUs

SCU FCU Total # of CUs 970 852 1,822 Real estate loans-to-total loans 44.61% 42.65% 43.60% 1st Mortgage loans-to-real estate loans 70.22% 66.20% 68.20% Fixed rate real estate-to-real estate loans 60.39% 66.80% 63.62% # of real estate loans granted to total 7.29% 6.91% 7.11% $ real estate granted to total...

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January 29, 2002

2001 a stellar year for year-old Prime Alliance

By ELAINE KINGOFF-BARR CU Times Editor-in-Chief TUKWILA, Wash. - Joe Brancucci, vice president of lending and chief lending officer for Boeing Employees' Credit Union, and president/CEO of Prime Alliance Solutions had a good reason to celebrate the new year. Not only did the one-year old CUSO formed in partnership between...

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Top News Stories

Nation's first corporate credit union, Central CU Fund, turns 70

UN credit union helps multinational writer

White to step down as CEO of Treasure State Corporate in early 2003

Recommended Just For You

News Stories

What to ask when choosing an electronic bill payment vendor

Hawaii CUs losing a gem

Special Report: Lending/Mortgages

Navy FCU Mortgage Trends

Rising mortgage rate environment a good time for CUs to reassess their ALM strategies

Loan Product Ratios SCCUs, FCUs

2001 a stellar year for year-old Prime Alliance