News

MADISON, Wis. - CUNA Mutual endured one of its most bitter battles with its union ever in 2005. For over a year, the company and the Office of Professional and International Employees Local 39 sparred over a new collective bargaining agreement. The battle was very public. It included picketing at...

WASHINGTON - How loan participations should be conducted to qualify for accounting treatment as a sale continued to be a priority for the Financial Accounting Standards Board (FASB) this year. The latest FASB statement issued in October was an improvement over a 2003 version, CUNA said, but more tweaking is...

WEST PALM BEACH, Fla. - In 2005 creativity in showcasing the credit union difference was key in credit union marketing efforts. Beyond just billboards and television/radio spots credit unions opted to play up their brand identity with a focus on stepping up to sponsor local and national events ranging from...

RANCHO CUCAMONGA, Calif. - David L. Chatfield announced his retirement as CEO of the California Credit Union League earlier this year. "I would expect by January 1, give or take a couple of days, an announcement will be made," said Diana Dykstra, chairman of the league's search committee, regarding a...

MADISON, Wis. - Credit union veteran Pete Crear only got to be retired for about six months before he was picked by the World Council of Credit Unions as its new president/CEO. Crear succeeded Arthur Arnold who left WOCCU in January after leading WOCCU for five years. Dr. Brian Branch...

SACRAMENTO, Calif. - The California state legislature passed a controversial elder abuse bill on August 15, the first day the body reconvened from summer recess. It was signed into law by Governor Schwarzenegger, and takes effect January 2007. SB 1018 requires financial institution employees to act as mandated reporters, with...