News

JEFFERSON CITY, Mo. - The state Credit Union Commission at a meeting Aug. 9 issued a written decision supporting its May 24 rejection of an appeal filed by the Missouri Bankers Commission on a ruling by the director of the state Department of Credit Unions granting a 3,000-member expansion exemption...

LEEDS, U.K. - Sue Davenport, chief executive of Leeds City Credit Union has received the United Kingdom's Co-operative Council's Grassroots Co-Operators Award. She is only the second recipient ever of the award. Davenport was nominated for the award by the Yorkshire Chapter of Credit Unions, which praised her "seemingly inexhaustible...

TRENTON, N.J. - The state Department of Banking has released its third edition of the "Consumer Guide to Bank and Credit Union Fees," and the results show that credit unions once again compare favorably to bank in several categories. Among the findings, credit unions reported lower transaction fees for ATMs,...

GDANSK, Poland - Two Polish credit unions have responded to help members whose lives have been torn apart by recent flooding. Over 600 people were recently made homeless and five people died when torrential rains caused two rivers in Radunia and Strzy and a number of local streams to overflow....

STAMFORD, Ct. - Stamford Municipal Employees FCU was approved by the state Department of Banking to convert to a state charter. The credit union will be known as Stamford Credit Union. It is the first federal-to-state charter conversion to be approved by the Department of Banking since the former Sikorsky...

NEW YORK - On Aug. 8, 1971, two ordained ministers, a lawyer and a businessman launched the first socially responsible mutual fund, the Pax World Fund, which is now the Pax World Balanced Fund. Pax World Funds celebrated its 30th anniversary on Aug. 9 by issuing a report on the...