News

California Governor Arnold Schwarzenegger recently announced the appointment of Michael Kelley as the new state commissioner of financial institutions.

Chetco Federal Credit Union President/CEO Stan Baron has been named one of the "50 Great Leaders for Oregon" by Oregon Business magazine.

Tom Welch, president/CEO of the $252 million Piedmont Aviation Credit Union for 33 years and the key figure in guiding the credit union through turbulent times of its parent sponsor, has retired. Succeeding Welch is Judy Tharp, vice president of strategy and solution development for CUNA Mutual Group in Madison,...

The Association of Corporate Credit Unions found its new executive director from the corporate credit union ranks. Treasure State Corporate Credit Union President/CEO Brad Miller has been named the new executive director, filling the vacancy left by Mike Canning, who departed last October. Canning held the position for three years....

Bayer Federal Credit Union felt the time was right to make a change that would reflect its broader membership.

The average homebuyer usually purchases an excessive amount of points when selecting a mortgage, which leads to a higher payment than if they would have opted for zero points and a higher interest rate, according to research by Abdullah Yavas, Elliott professor of business administration at Penn State's Smeal College...

a group the composition of which has not been announced yet--the National Federation of Community Development Credit Unions emphasized the difference between low-income and modest means and that politicizing the low-income designation could backfire.

For credit unions considering adding mortgage lending to their list of service offerings, asset size is not necessarily the deciding factor. Both million dollar and billion dollar CUs have found that partnering with a vendor is an effective way to both get a foot in the mortgage door as well...