Credit Union Times | Accurate and Timely CU News

Reverse Mortgages Come Under Scrutiny in Australia

By Staff Writer

MELBOURNE, Australia - Transcomm Credit Union has had its knuckles rapped by the Australian Securities and Investment Commission. Transcomm is one of 18 Australian financial institutions offering reverse mortgages to retirees. Reverse mortgages allow people to borrow money secured against their home without repaying either interest or principle until they...

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TransUnion, ID Analytics Team Up

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Langley FCU Fraud Prevention/ID Theft Program a Hit

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April 11, 2006

Special Report: Corporates

The corporate credit union scene was turned on its head last week with the announcement of yet another merger. Turn to the special report on pages 22-26 for that story and other corporate news.

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April 11, 2006

Cherry Blossom Tradition Builds

Credit unions picked a winner when they started sponsoring the Cherry Blossom 10-Mile Run in Washington D.C. On-site coverage is featured on pages 18-19.

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April 11, 2006

Southwest Corporate Surpasses $10 Billion

PLANO, Texas - Southwest Corporate Federal Credit Union has topped $10 billion in assets, a new record. The record was spurred in part by the success of its certificate specials. In the first quarter alone the corporate offered special certificates that attracted $286 million. Last year, it structured more than...

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April 11, 2006

Jones Departs Association Of Corporate CUs; Joins CUNA in New Role

WASHINGTON - Association of Corporate Credit Unions Program Coordinator Josh Jones has left the ACCU and joined CUNA. Jones spent three years as program coordinator. "He embarked on three pretty significant efforts. He redesigned the Web site, revamped our monthly newsletter and also worked with the corporate marketing forum to...

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April 11, 2006

New Loan Participation "Pioneers," Credit Unions Poised to Take Entry to New Heights

SCOTTSDALE, Ariz. - The number of loan participations bought and sold last year by credit unions were in the billions and industry experts predict those figures will continue to soar. Jean Faenza, president/CEO of Business Partner, LLC, told attendees at this year's symposium that loan participations not only allow a...

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April 11, 2006

CMN Receives $515M Check from CU Miracle Day, Inc.

WASHINGTON-Credit Union Miracle Day, Inc. `got `r' done' for the Children's Miracle Network. Credit Union Miracle Day, Inc., chaired by Northwest Federal Credit Union CEO Juri Valdov, presented Children's Miracle Network with a giant check for $515 million in a ceremony March 30, exceeding their half-a-million-dollar goal; that figure was...

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April 11, 2006

Hood Favors Criteria to Allow Credit Unions "Fast Track" to MBL Cap Waiver Request, Mayo Says

SCOTTSDALE, Ariz. - For federal credit unions approaching their 12.25% member business lending cap, at least one NCUA Board member is empathetic to those that have been waiting for a long time on whether their waiver request will be granted. Grace Mayo, president/CEO of Telesis Community Credit Union, told symposium...

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Top News Stories

Reverse Mortgages Come Under Scrutiny in Australia

TransUnion, ID Analytics Team Up

Langley FCU Fraud Prevention/ID Theft Program a Hit

Recommended Just For You

News Stories

Special Report: Corporates

Cherry Blossom Tradition Builds

Southwest Corporate Surpasses $10 Billion

Jones Departs Association Of Corporate CUs; Joins CUNA in New Role

New Loan Participation "Pioneers," Credit Unions Poised to Take Entry to New Heights

CMN Receives $515M Check from CU Miracle Day, Inc.

Hood Favors Criteria to Allow Credit Unions "Fast Track" to MBL Cap Waiver Request, Mayo Says