News

As the credit union trades sit down to digest the new proposed rule, issued by the Treasury Department and Federal Reserve Board last week implementing the Unlawful Internet Gambling Enforcement Act, they already know one thing: it is not all they hoped for.

The perception that trust services are earmarked for the ultra wealthy may be shared by some smaller credit unions.

As credit unions gear up to celebrate International Credit Union Day on Thursday Oct. 18, President George W. Bush has issued a letter of greetings to mark the occasion.

There are two pressing issues confronting volunteers these days--how to deal with large-scale credit union mergers and the prospect of CUs being acquired by expansion-minded banks.

The Credit Union Association of Oregon Board of Directors announced last week that President Gene Poitras will retire as of Nov. 30.

With credit union boards about ready to do strategic planning for next year, CUNA is providing new guidance to CUs on where to turn and what's needed based on findings of a specialized "board assessment" product that has been on the market for just over a year.