Credit Union Times | Accurate and Timely CU News

Indiana CU Finds Success Funding Coop

By David Morrison

BEDFORD, Ind. -- An Indiana credit union is finding success helping another local cooperative get on its feet.

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Goldenwest CU 5K Raises Over $50,000 for Local Schools

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On-Site Coverage: Kansas Lawmaker 'Friends' Win KCUA Cheers

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April 28, 2008

Cal State 9 Bids Include Ill. CU

SAN FRANCISCO -- The bidding interest by credit unions into merging the failed $339 million Cal State 9 CU of Concord, now in NCUA conservatorship, appeared to be spiking Monday with at least one large Illinois CU, the $3.6 billion Citizens Equity First reportedly now in the fray.

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April 25, 2008

United Local Votes to Remove Board Member

FRESNO, Calif. -- Dr. Stan Louie, chairman of the supervisory committee at $108 million United Local Credit Union, confirmed that members voted 219 to 29 in favor of removing suspended board member Tom Rotella during a special meeting on Tuesday, April 22.

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April 25, 2008

Rep. Akin Becomes 149th Co-sponsor of CURIA

WASHINGTON -- The ranks of supporters of the Credit Union Regulatory Improvements Act grew Thursday when Rep. Todd Akin (R-Mo.) became the measure's 149th co-sponsor.

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April 25, 2008

On Site Coverage: SBA Agrees to Lenders' Standing Operating Procedure Extension

WASHINGTON -- Based on feedback from credits unions and other lenders, the Small Business Administration has agreed to grant a 45-day extension for implementation of the newly-streamlined Standard Operating Procedure.

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April 25, 2008

Quincy CU Converting to New Open Solutions Platform

QUINCY, Mass. -- Quincy Credit Union said it will be converting to the newest release of Open Solutions Inc.'s core processing system for credit unions.

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April 25, 2008

On Site Coverage: State CUs Being Prepped on Kansas FOM Law

WICHITA, Kan. -- The Kansas Credit Union Association said Friday it is launching starting in May a three-phase education program with its 88 state-chartered CUs to ensure they are well prepared for the start of the new field of membership/merger law which takes effect July 1.

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April 25, 2008