News

BURWOOD, Australia - Two Australian credit union support organizations are in the process of merging to offer a better service to credit union managers and directors. They will begin operations as a single organization January 1, 2006. They plan to offer "a fully integrated suite of programs targeted to the...

SYDNEY, Australia - Thirty years ago there were 777 credit unions in Australia. Today there are only 163, but despite the reduced number of credit unions the movement is doing anything but shrinking. Although some of the credit unions were just too small to continue, there is another reason for...

WASHINGTON-Much can be said about credit unions and their net worth. Some say credit unions, as cooperatives, are just playing it safe with high levels of net worth. Credit unions are required to have 7% net worth before they get into trouble with Prompt Corrective Action, yet the industry average...

CORK, Ireland -- In a country where artists get tax breaks, it is not surprising to find 33 Cork credit unions coming together to support local talent as part of a county-wide cultural program. Although donating to this project was voluntary, the participating Chapter XI credit unions contributed _60,000 (US$73,000)...

ALEXANDRIA, Va.-NCUA's 2004 Annual Report features loads of information and graphics on the nation's credit unions as well as artistic shots of NCUA's Alexandria headquarters and the key players in it. The agency really kicked its Annual Report up a notch for 2004, but it is not just for federal...

MOOROOKA, Australia - Lloyd Frederick Hawkins, a credit union leader known in the United States from his connections with the Credit Union Executives Society, is not a man who considers retirement or ill health as an excuse to sit in a chair and do nothing. Hawkins' connections with CUES go...

WEST PALM BEACH, Fla. - Three years' worth of data from NCUA's 5300 call reports and collected by Massachusetts Credit Union Share Insurance Crop. comparing federal credit unions and state-chartered credit unions in key areas shows that despite occasional spikes on the radar screen, both federal and state-chartered credit unions...

NORTHVILLE TOWNSHIP, Mich. - In a rising interest rate environment such as the current one credit unions are operating in, what are the best ways for credit unions to maintain the best income position? A study commissioned by the Michigan Credit Union Foundation addressed the risk exposure faced by Michigan...