News

The heads of the two major national credit union trade associations took turns last week pointing to banks' and thrifts' record profits in the second quarter to fish out the bankers' red herring.

The National Federation of Community Development Credit Unions announced that 11 community development credit unions were awarded grants from the U.S. Treasury Department's Community Development Financial Institutions Fund in the 2006 round of awards.

CUNA nominated Central Star Credit Union President and CEO A. Lee Williams to serve on the Federal Reserve Board's Consumer Advisory Council.

The long-running campaign to get more volunteers in leadership of credit union trade groups is due for a new airing this month when a resolution encouraging the trend and soliciting ballot support goes before the National Association of Credit Union Chairmen.

NCUA announced last month its approval of the new Comunidad Latina Federal Credit Union in Santa Ana, Calif.

Kenneth Sorrels is no longer president/CEO of $1.4 billion Credit Union of Texas effective Aug. 28. The board of directors has named John Lederer interim/president CEO of the credit union. Lederer took the new role on Aug. 28 replacing Sorrels, who had been at the helm for the past decade....