News

NEW YORK - In case anyone ever doubted it, the 9/11 attacks on the World Trade Center in New York City brought home the importance of having a disaster relief plan that is as flexible and redundant as possible. It came out this year that the $1 billion Municipal Credit...

ALEXANDRIA, Va.-The National Community Reinvestment Coalition filed suit against NCUA at the beginning of 2002 for its elimination of the Community Action Plan regulation. The CAP was removed through an interim final rulemaking at the end of 2001, which did not allow for public comment that NCRC claimed is required...

REDWOOD CITY, Calif. - Former Provident Central CU President/CEO Ludelle Morrow will certainly have the ear of her successor at the $1.1 billion CU - not that she plans on talking CU business with him. Morrow was succeeded by her son, Wayne Bunker, who was serving as president/CEO of the...

LATHAM, N.Y. - In September, the New York Credit Union Foundation announced the recipients of credit unions' outpouring of support for individuals and institutions harmed by the World Trade Center attacks one year before. Over the course of the year since the attack, the Foundation collected more than $1.4 million...

WASHINGTON - The National Credit Union Foundation gained power in 2002 as pledged investments from credit unions around the country tripled its Community Investment Fund from $50 million to $150 million. The credit unions responsible for the bulk of the growth took part in an investment drive of more than...

There were a few surprises this year in the credit unions participating in the name change game. Here are a few of the more notable name changes that occurred in 2002: With a sponsor company declaring bankruptcy and all the negative publicity associated with it, Enron Federal Credit Union quickly...