News

WEST PALM BEACH, Fla. - As robberies seem to be on the rise, more credit unions are responding by exploring physical barriers. Whether by "takeover", where the credit union is taken hostage by fully armed gunmen or "note jobs", where a robber passes a note to a teller demanding funds,...

RIVERSIDE, Calif. -In a fraud fight, offense is just as important as defense, says Riverside County's Credit Union Security Officer/Investigator Kathy Roney. Setting aside maybe 10-15% of its security budget for resources, the $450-million credit union boasts a high prosecution and conviction rate on fraud attempts and a low near-zero...

In a much anticipated meeting, the NCUA Board voted on a final FOM rule and a proposed MBL rule. See story page 3. There was also crucial testimony given on reg relief last week. See pages 3 and 4.

SAN DIMAS, Calif. - There may soon be a $25 billion corporate in the network in WesCorp. WesCorp is seeing rapid asset growth coming from two areas: continued inflow of funds from members, as well as its portfolio paying down as mortgages get paid back with continued refinancing. "This month...

SOUTHFIELD, Mich. - William Walby, CEO of the $3.3 billion CenCorp, is in his second tour so to speak with the corporate and things are going just great. Walby worked for CenCorp for over eight years starting in 1990. He then left in 1999 for a year and a half...

EAGAN, Minn. - Minnesota Corporate is celebrating its 20th and what could be its last year as an independent corporate. Minnesota Corporate is in the process of merging with Mid-States Corporate, where Mid-States will be the surviving corporate. However, Minnesota's offices will be left intact and current Minnesota Corporate President/CEO...