Credit Union Times | Accurate and Timely CU News

Iowa Volunteers Re-Elected, Survive 'Optiva' Challenge

By Jim Rubenstein

Putting an end, at least for the time being, of the Optiva name change controversy, the chairman and two directors of the $544 million University of Iowa Community Credit Union have been re-elected to the CU board surviving a dissident challenge at the annual meeting.

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NCUA Charters a New Faith Based CU in the Bronx

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Former CU Exec Indicted For Embezzlement, Money Laundering

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April 03, 2007

Hampel Provides Grim Outlook for Housing Data on Bloomberg TV

CUNA Chief Economist Bill Hampel told Bloomberg TV prior to the release of the housing data that gave Bloomberg TV a peek into what they might reveal.

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April 03, 2007

Hoel: Too Much Capital Can Attract Takeover Bids

Too much capital in a credit union risks an attempt for a hostile takeover and "a net worth ratio of 16.8% is bound to attract attention," according to Bob Hoel, the former executive director of Filene Research Institute.

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April 03, 2007

Bipartisan Flood Insurance Reform Legislation Introduced

Representatives Judy Biggert (R-Ill.) and Barney Frank (D-Mass.) introduced the Flood Insurance Reform and Modernization Act (H.R. 1682) last week.

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April 03, 2007

Wine Auction Brings in $170,000 for Children's Miracle Network

Vintage wines were on the menu March 16 as supporters of credit unions raised $170,000 to help sick children at a wine auction, according to the Financial Service Centers Cooperative, one of the sponsors of the event.

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April 03, 2007

California Supreme Court Agrees to Review Miller vs. BoA

After an appeal by Paul Miller of an appellate court ruling in favor of Bank of America, the California Supreme Court has agreed to offer its opinion in the case involving the coverage of an overdraft using Social Security benefit funds.

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April 03, 2007

Banks Continue Shifting Focus to Small Businesses, Study Shows

With consumer lending, residential mortgages, and commercial real estate volumes declining, U.S. banks are quickly shifting their lending focus to small businesses, a segment that has been growing steadily for the past five years, a new study revealed.

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April 03, 2007

Subprime Mortgage Downfall Offers CU Opportunities, Maintains Analyst

The subprime meltdown on mortgages has a silver lining for credit unions, according to an analyst working for the California/Nevada Credit Union Leagues.

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Top News Stories

Iowa Volunteers Re-Elected, Survive 'Optiva' Challenge

NCUA Charters a New Faith Based CU in the Bronx

Former CU Exec Indicted For Embezzlement, Money Laundering

Recommended Just For You

News Stories

Hampel Provides Grim Outlook for Housing Data on Bloomberg TV

Hoel: Too Much Capital Can Attract Takeover Bids

Bipartisan Flood Insurance Reform Legislation Introduced

Wine Auction Brings in $170,000 for Children's Miracle Network

California Supreme Court Agrees to Review Miller vs. BoA

Banks Continue Shifting Focus to Small Businesses, Study Shows

Subprime Mortgage Downfall Offers CU Opportunities, Maintains Analyst