News

COLUMBUS, Ohio - It's only been about five months since a new corporate network-owned CUSO acquired Corporate One's brokered CD program, but it's already boosting business. Corporate Exchange, a CUSO owned by all 29 corporates, acquired SimpliCD from Corporate One's CUSO Primary Financial in late August of last year. Corporate...

WARRENVILLE, Ill. - Mid-States Corporate FCU and the Minnesota Credit Union Network have announced a strategic alliance to support each other's efforts in serving credit unions. The organizations will host a joint reception during the Network's upcoming Annual Meeting on Saturday, April 17, 2004. Minnesota Corporate Federal Credit Union merged...

SAN DIMAS, Calif. - WesCorp has announced two executive changes. Vice President of Marketing and Membership Services Jim Hayes has been promoted to Senior Vice President, Investment Services; and Marketing and Manager of Public Affairs Sheri Ledbetter has been promoted to Director, Public Affairs.

AUBURN, Mass. - No corporate credit union is an island, that's part of the new mantra for the $270 million Central Credit Union Fund. The corporate serves some 229 credit unions in Massachusetts, located in a very competitive Northeast region that's home to five corporates. For years Central CU Fund...

This issue contains a number of statistics and statistic-related stories. Find them on pages 3, 32, 36, 42 and 43.

With the refi boom over, credit unions face new mortgage lending challenges. Turn to pages 20-26 to learn what's in store in mortgage lending for 2004 and other related mortgage news.