News

WASHINGTON - The Mortgage Bankers Association has urged the Senate to approve legislation that will restart the Federal Housing Administration's multifamily mortgage insurance program. According to the MBA, the program would encourage the development of more that 50,000 rental units in 33 states and the District of Columbia. The Senate...

NEW HAVEN, Conn. - St. Raphael Healthcare CU, the tenth largest state-chartered credit union in Connecticut as of Dec. 31, 2000, was approved by the Office of the Banking Commissioner to amend its bylaws and expand its field of membership to consist of all persons who live or work in...

ARVADA, Colo. - The Colorado Financial Services Board will hold a public hearing on July 13 to consider the application from Colorado Central Credit Union, Arvada, to expand its field-of-membership to include a geographic community. Colorado Central, the 17th largest state-chartered CU in the state, has almost 20,000 members. It...

Jim Mills, president/CEO of Three Rivers FCU, Fort Wayne, Indiana, will officially open his first NAFCU Annual Conference and Exhibition as chairman here in Orlando. Mills took over for outgoing chair Ron Keeler, retired president/CEO of Lockheed FCU, at the close of last year's Annual Conference and Exhibition in Hawaii.

AUSTIN, Texas - Credit unions in the Lonestar State continue to reach out to broaden their field-of-membership. Among the most recent applications received by the Credit Union Division: * Fort Worth Community Credit Union (formerly known as Fort Worth FCU), has applied to serve all of Tarrant County, one of...

BASEL Switzerland - Several U.S. credit unions and international credit union organizations, plus the World Council of Credit Unions (WOCCU) have sent their comments to the Bank of International Settlement (BIS) of the new steps in the Basel Capital Accord. The Accord was originally supposed to be published by the...

ALBANY, N.Y. - Legislation that would enact a revised Article 9 of the Uniform Commercial Code (UCC) and bring New York State up to par with other states is among the bills waiting Gov. George Pataki's signature. The revised UCC Article 9 creates a new statewide system for filing of...

MADISON, Wis. - If you cover the world as the World Council of Credit Unions (WOCCU) does, then it makes good sense to have representation from around the world. In the past, the WOCCU Board was heavily weighted by U.S. membership, although there were other countries on the board. That...