News

Even though U.S. Representative Melvin Watt's visit last week to the $143 million Charlotte Metro Credit Union was not part of the formal push among credit unions to meet their representatives in their home districts this year, credit union lobbyists say it's the kind of thing they hope happens a...

Southwest Corporate Federal Credit Union said that a merger of two regional offices of the Federal Home Loan Bank (see related item page 10) will not have a major impact on Southwest Corporate or the other approximately 80 credit unions that might be impacted.

The $38 million American Spirit Federal Credit Union has become the first Delaware CU to sign onto shared branching through a relationship with the Pennsylvania Credit Union Service Centers, PaCUSC has announced.

The nation's mortgage meltdown is triggering a call to action among credit unions with mortgage specialties.

The Filene Research Institute has chosen 12 rising credit union executives to replace members of the group who have fulfilled their three-year term encouraging the development of new ideas and innovations for credit unions.

Mortgage analysts said homeowners and the problems they are having making their monthly mortgage payments, combined with an undervaluing of the risks in securities backed by mortgages, are at the root of the current financial upheaval.

After reading a report in the Washington Post of a press conference held by President George W. Bush recently, NAFCU President/CEO Fred Becker decided that writing the Treasury Secretary and the IRS Commissioner was not enough.

NAFCU wrote NACHA generally in favor of its Transaction Origin Identification Proposal, part of a NACHA initiative to implement a comprehensive risk management strategy.