News

Turn to page 30 for complete coverage of NCUA's March meeting where it ruled on two community charter applications and an interim rule on share insurance coverage. It also reviewed its annual budget and its five-year strategic plan.

QUEBEC, Canada - One of Canada's first credit unions, named for one of the founders of the credit union movement, Desjardins Group, is looking to expand its business outside Quebec by opening a brokerage unit in Toronto and to sell insurance in Ontario if legislative approval is granted. Some provinces...

WASHINGTON-America's Community Bankers President and CEO Diane Casey-Landry highlighted the fund-raising ability of the Credit Union Legislative Action Council of CUNA and urged the bankers to compete. To illustrate her point, Casey-Landry held up a copy of a Credit Union Times article regarding CULAC's size and breadth of contributions both...

MONTEREY, Calif. - Credit unions that want to serve the Hispanic market should be prepared to ask themselves difficult questions, like whether or not their current members will feel comfortable standing in teller lines with large numbers of newly arrived immigrants, said CES Credit Union Vice President Kelly Schermerhorn, who...

WASHINGTON-America's Community Bankers listed among its priority issues for 2006 the Credit Union Charter Choice Act (H.R. 3206) and clearing obstacles to further conversions of credit unions to mutual savings banks. ACB First Vice Chairman Mark Macomber, president and CEO of Litchfield Bancorp in Litchfield, Conn., taunted NCUA as a...

MONTEREY, Calif. - The NCUA must take into account the different types of credit union charters during its data collecting initiative, said new California Credit Union League President Bill Cheney during the opening session of the league's Big Valley Educational Conference. Cheney covered a number of topics during the session,...