News

From mergers to executive changes, the face of today's corporate network looks much different than just a few years ago. The following "Directory of the Corporate Network" highlights the assets, location, Web address, phone number and CEO of each of the nation's 35 corporates. (Assets are as of year-end 2001)...

WASHINGTON - According to many in the corporate network, the dreaded 2% RUDE (reserves, undivided earnings) ratio as it was originally proposed in NCUA's Part 704 revision proposal will not see the light of day in the final reg. "It looks at this point that the 2% RUDE is going...

WASHINGTON - The Association of Corporate Credit Unions is going to commission a study to look at how corporate credit unions can best serve credit unions in the future. The study will be funded by an independent grant from U.S. Central Credit Union. It will be conducted by an outside...

ORLANDO, Fla. - At its annual meeting here, Southeast Corporate FCU elected three directors to fill expiring terms on the board. Jim Mitchell, president/CEO of Army Aviation Center FCU in Dalesville, Ala.; and Ron Fye, president/CEO of Florida Commerce CU in Tallahassee, Fla., were each re-elected to three-year terms. Mitchell...

Here is a sampling of how the ACCU proposes to risk weigh corporates' investment portfolios: Investments 0% Cash & equivalents Repurchase agreements collateralized by Treasury securities Direct Treasury obligations All other securities backed by full faith and credit of US Government 20% Money market instruments issued by OECD depository institutions...

WASHINGTON - The Association of Corporate Credit Unions recently published The Journey - A History of the Corporate Credit Union Network. Commissioned by ACCU and written by John H. Arnold, former CEO of Southwest Corporate FCU, the book looks at the evolution of the corporate credit union network. Arnold started...