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Hyland Expresses `Glass-Half-Full' Attitude about CU Challenges

By Sarah Snell Cooke

WASHINGTON-NCUA Board Member Gigi Hyland encouraged credit unions to look at their current challenges as opportunities. She emphasized that NCUA's efforts to begin documenting credit union service to members of modest means is only a pilot program. "I am absolutely opposed to imposing CRA-like requirements on credit unions," Hyland, the...

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March 07, 2006

Top Government Officials Back Tax-Exemption at GAC

WASHINGTON-Legislator after legislator took the podium during CUNA's GAC in support of credit unions' tax-exemption. They were met with standing ovations. *Senate Majority Leader Bill Frist (R-Tenn.) told credit unions we are an `over-taxed' nation. "We, I, on behalf of our legislative body, absolutely support the current [tax] exemption for...

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March 07, 2006

Credit Freezes Debated at GAC

WASHINGTON - A representative from the Consumer Data Industry Association and a lobbyist who works with the Delaware Credit Union League debated some of the finer points of so-called credit freezes, procedures by which consumers can prevent credit reporting agencies from selling their credit reports for opening new credit applications....

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March 07, 2006

Koppel Criticizes Media Focus on Now Rather Than News

WASHINGTON-Self-professed Luddite, former Nightline Anchor Ted Koppel, lamented how technology has changed the media and our lives "not always for the better." He recalled the "old days" of news reporting when he was covering the Vietnam War and how he could barely get garbled messages through the Telex system and...

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March 07, 2006

Check 21 Solution Helps Rutgers University Student and Alumni FCU's Growth Strategy

NEW BRUNSWICK, N.J. -Rutgers University Student and Alumni Federal Credit Union (RUSA FCU) President Ken Buren has found that it pays to take the time to find the right Check 21 fit. "About a year ago we started looking into Check 21 and at the time I thought it was...

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March 07, 2006

Checking Into Remote Capture: What Credit Unions Ought to Consider

When the Check Clearing for the 21st Century Act took effect some 16 months ago, it paved the way for what many describe as the greatest advance in check-processing technology since the MICR line - the ability to perform remote capture and transmit electronic image cash letters (ICLs). For most...

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March 07, 2006

Treasury Officials Thank CU Organizations for Work on PCA Reform, More to be Done

WASHINGTON-Emil Henry, assistant secretary for financial institutions, said Treasury appreciates all the work credit unions and their representatives have done on a risk-based capital framework but is not quite ready to put its seal of approval on it. "This work has led to a number of positive proposals, such as...

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March 07, 2006

League Service Corps. Working with CUs To Get Comfortable with Image Exchange

WEST PALM BEACH, Fla. - While the rest of the financial world has been busy getting itself image-enabled since October 2004 when Congress passed Check 21 legislation, credit unions have been leveraging their head start with truncation to implement the technology with their credit union clients. In fact, league service...

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Top News Stories

Hyland Expresses `Glass-Half-Full' Attitude about CU Challenges

CUNA in the Green: $1.5M Operating Margin

CUNA Looking to Move GAC

Recommended Just For You

News Stories

Top Government Officials Back Tax-Exemption at GAC

Credit Freezes Debated at GAC

Koppel Criticizes Media Focus on Now Rather Than News

Check 21 Solution Helps Rutgers University Student and Alumni FCU's Growth Strategy

Checking Into Remote Capture: What Credit Unions Ought to Consider

Treasury Officials Thank CU Organizations for Work on PCA Reform, More to be Done

League Service Corps. Working with CUs To Get Comfortable with Image Exchange