News

WASHINGTON - CUNA has found a replacement for Gigi Hyland, the former executive director of the Association of Corporate CUs who left to take a legal position with Empire Corporate FCU. Michael F. Canning, 41, is the new ACCU executive director and vice president of corporate credit union relations for...

OVERLAND PARK, Kan. -A team of cyclists Corporate Network Brokerage Services sponsored in the 2002 Kansas City MS150 raised over $35,000 in the fight against Multiple Sclerosis. The MS 150, a two-day, 150-mile bike ride to benefit the National Multiple Sclerosis Society was held in September. The team, Team COR,...

Corporates advocated for a grandfathering clause to issue Paid-in-Capital in Part 704. They got their wish, with the NCUA Board instituting an 18-month window for them to issue PIC. As the chart here shows, less than half of all corporates have yet to issue PIC. Here's a breakdown of those...

DULUTH, Ga. - Who says corporate cooperation is dead? Georgia Central Credit Union and First Carolina Corporate Credit Union recently participated in the joint Georgia/South Carolina League Volunteer and Management Institute Conference on October 24-28th in Hilton Head Island, S.C. The corporates, which have distinct fields of membership, worked together...

MADISON, Wis. - CUNA Mutual has formed a marketing agreement with Corporate Network Brokerage Services (CNBS) for CNBS to offer CUNA Mutual's Notes program, an investment offering for corporate credit unions. CUNA Mutual Notes was first unveiled in Oct. 2000 at an Association of Corporate Credit Unions meeting. The product...

LENEXA, Kansas -U.S. Central reported net income of $16.1 million as of Sept. 30, 2002, up from $14 million for the same period last year. Looking year-to-date, net income is $50.2 million, up $9.5 million from last year. Average interest-earning assets as of Sept. 30 were $31.8 billion, up 10.3%...