Credit Union Times | Accurate and Timely CU News

Bankers Staff Affinity FCU's Growing Lending Division

By Michelle A. Samaad

The $1.9 billion Affinity Federal Credit Union has hired another banking executive to keep up with the demand its commercial lending division is experiencing.

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Trades Make Changes on Websites

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Small Biz Tout Direct Deposit as Savings Channel

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February 24, 2011

Interchange, Mortgages Top Latest CEO List for Fed Meetings

More of the credit union CEOs tapped this month for Federal Reserve advisory panels meeting in the coming weeks spoke out Friday about issues they might raise, with debit interchange and tight mortgage conditions leading the list.

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February 24, 2011

NCUA Fires Another Round in WesCorp Suit

The NCUA's recently filed amended complaint in its court battle with Siravo, et al., runs for 63 pages, but four words in bold on the front page sum up the document: Demand for Jury Trial.

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February 23, 2011

Sens. Bennet and Hagan Urge Bernanke to Consider Small Issuers on Interchange Rule

Two members of the Senate Banking Committee wrote Federal Reserve Chairman Ben Bernanke asking him to "create a workable small issuer exemption," in the debit interchange rule that the Fed is writing.

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February 23, 2011

Former Mortgage CEO McGrath Gets 14 Years in Prison

Michael McGrath, the former CEO of CU National Mortgage, was sentenced to 14 years in prison today for his part in a scheme which saw some credit union mortgages fraudulently sold on the secondary market.

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February 23, 2011

Savings Growth May Remain Under 5% for CUs

This year may be a repeat of 2010's below-trend savings growth for credit unions as members continue to focus on paying down debt.

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February 23, 2011

Maryland/DC League Eyes Possible Merger

The Maryland/DC Credit Union Association, which since last year has been scouting for a new president/CEO, has also been looking at a possible merger with one of its Mid-Atlantic neighbor leagues.

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February 23, 2011

As Fed Panelists, Two CEOs Detail Goals

New England credit union CEOs James Blake and John Dwyer expect to give the Federal Reserve an earful next week drawn from differing agendas - one on mortgage lending and the other on Fed access.

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Top News Stories

Bankers Staff Affinity FCU's Growing Lending Division

Trades Make Changes on Websites

Small Biz Tout Direct Deposit as Savings Channel

Recommended Just For You

News Stories

Interchange, Mortgages Top Latest CEO List for Fed Meetings

NCUA Fires Another Round in WesCorp Suit

Sens. Bennet and Hagan Urge Bernanke to Consider Small Issuers on Interchange Rule

Former Mortgage CEO McGrath Gets 14 Years in Prison

Savings Growth May Remain Under 5% for CUs

Maryland/DC League Eyes Possible Merger

As Fed Panelists, Two CEOs Detail Goals