Credit Union Times | Accurate and Timely CU News

Canning Says ACCU Close to Filling Vacancy for Compliance Clearinghouse

By Staff Writer

WASHINGTON - The Association of Corporate Credit Unions said it has decided to bring someone in-house to fulfill its vision of a Compliance Clearinghouse, a reversal of its previous plans. The ACCU announced earlier this year that it was creating the clearinghouse with the goal of solving the problem of...

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NCUA Aims to Bring Minimum Capital Requirements for Corporates to Issue Unsecured Member Business Loans to Non-Members

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Southeast Corporate Goes With VSoft's eDesk

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May 10, 2005

For Corporate Operations Forum, Less is More When it Comes to Dues, Structure

CHICAGO - Thought it doesn't get much publicity, the Corporate Credit Union Operations Forum continues to produce one of the most productive conferences for corporate credit unions. Last week the Corporate CU Operations Forum met in Chicago. Twenty-one corporates were represented, with approximately 50 attendees. What separates this conference from...

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May 10, 2005

Corporate America Applies for Participation Powers

IRONDALE, Ala. - The $842 million Corporate America CU said it has applied for Part V investment powers from NCUA. Part V would allow the corporate to engage in loan participations. Loan participation is an area more corporates are considering getting into as they look for ways to help credit...

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May 10, 2005

WesCorp's Retained Earnings Top $600 Million

SAN DIMAS, Calif. - WesCorp said its retained earnings topped $601 million at the close of March. "This is a significant milestone for WesCorp as it represents a first among corporates in our industry as well as another sound measure of our stability and financial strength. Our ability to continually...

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May 10, 2005

Corporates Struggling to Find Their Role in Bank Secrecy Act

WASHINGTON - Corporate credit unions throughout the nation are still trying to get a handle on exactly what they should be doing to comply with the Bank Secrecy Act. BSA is considered a vital reg to help cut off funding for terrorists and detect illegal activity in the financial services...

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May 10, 2005

Changing Seasons Brings Continuity Planning in Focus as Hurricane Season Approaches in Southern U.S.

What do Charley, Frances, Ivan and Jeanne have in common with Arlene, Bret, Cindy and Dennis? Hopefully, nothing. The first are the hurricanes that raged through the country's southeast region last year; and the second are names the National Weather Service has given to storms yet to be. Hurricane season,...

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May 03, 2005