News

Former New World FCU CEO Pat Wagner announces retirement plans. Page 4.

WASHINGTON - The Association of Corporate Credit Unions said it has decided to bring someone in-house to fulfill its vision of a Compliance Clearinghouse, a reversal of its previous plans. The ACCU announced earlier this year that it was creating the clearinghouse with the goal of solving the problem of...

ALEXANDRIA, Va. - NCUA has recently proposed a number of clarifications and definition changes involving member business lending including the minimum capital requirements a corporate credit union must meet to make unsecured member business loans to non-member credit unions and corporate CUSOs. As it stands, MBLs made by corporates to...

ATLANTA - Tallahassee, Florida-based Southeast Corporate is utilizing VSoft's eDesk Branch Item Capture solution to help facilitate its Check 21 efforts. VSoft's eDesk allows credit union personnel, using capture devices with a small footprint, to capture items at the branch. As items are captured, they can be electronically sent to...

CHICAGO - Thought it doesn't get much publicity, the Corporate Credit Union Operations Forum continues to produce one of the most productive conferences for corporate credit unions. Last week the Corporate CU Operations Forum met in Chicago. Twenty-one corporates were represented, with approximately 50 attendees. What separates this conference from...

IRONDALE, Ala. - The $842 million Corporate America CU said it has applied for Part V investment powers from NCUA. Part V would allow the corporate to engage in loan participations. Loan participation is an area more corporates are considering getting into as they look for ways to help credit...