News

PORTSMOUTH, N.H. -- New Hampshire Governor John Lynch gave kudos to $1.2 billion Service Credit Union during its 51st annual meeting last week, saying the state's largest credit union "sets the standard for all other organizations" during his keynote speech.

ARLINGTON, VA -- Unsurprisingly, NASCUS this morning added its voice to the chorus of credit union associations reacting negatively to the recent financial regulatory proposal from the Bush Administration.

BIRMINGHAM, Ala. -- The restrictive Kansas field of membership bill--likely to become law within days--presents an array of prickly problems for regulators and their credit unions but any national spillover from new population thresholds contained in the legislation remains uncertain, a partner for Dollar Associates said Monday.

WASHINGTON -- US Housing Secretary Alphonso Jackson announced this morning that he will resign his post effective April 18. Jackson cited family matters for his resignation, but he has been the subject of several ethical investigations in the past two years.

FITCHBURG, Mass. -- Workers' Credit Union recently received the highest possible rating--"outstanding"--for its lending practices by the Massachusetts Division of Banks, the credit union reported.

MADISON, Wis. -- The industry's new fixation on Generation Y--those born between 1977-1997--to grow membership has now become a priority topic for CUNA Mutual Group's annual Discovery Conference this June in Florida.