Credit Union Times | Accurate and Timely CU News

Williams Clarifies Yesterday's Wescom Report

By Heather Anderson

PASADENA, Calif. -- Wescom spoke with the Credit Union Times today to clarify reports the $2.8 billion credit union is out of the wholesale lending business, and has laid off 100-plus employees.

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CEO Departures Slightly Decrease in 2007

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CEO Departures Slightly Decrease in 2007

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January 08, 2008

CUs Should Look To Manual For Help In Disputes, NCUA Official Says

ARLINGTON, Va. -- Among several other important steps that credit unions should take to improve their compliance with the Bank Secrecy Act, Diane Wiltshire, a BSA Specialist and Supervision Analyst for NCUA's Region 2, suggested getting to know the Federal Financial Institution's Examination Council's BSA handbook well and having it...

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January 08, 2008

Sterlent CU's Loan Portfolio Puts It on Edge of PCA

PLEASANTON, Calif.--It appears that another California credit union is feeling the bite of the real estate downturn.

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January 08, 2008

Wells Fargo Sued for Race Discrimination by Baltimore

BALTIMORE-- Baltimore Mayor Sheila Dixon and the City Council here filed a federal lawsuit against Wells Fargo Bank claiming it discriminated against black mortgage borrowers, charging an interest rate three points above the federal guideline.

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January 07, 2008

PSCU Financial Gives Another $50,000 to NACUSO Center

NEWPORT BEACH, Calif. -- PSCU Financial Services has contributed another $50,000 for a total of $100,000 to NACUSO's National Center for Collaboration and Innovation, created in May 2007 to serve as a clearinghouse for collaborative and innovative efforts within the industry.

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January 07, 2008

In Milestone, Arkansas Co-Op CUSO Opens for Business

LITTLE ROCK, Ark. -- After nearly a year on the drawing board, ARCUSO, LLC, the new indirect lending CUSO of the Arkansas Credit Union League aimed at attracting new business and members for small CUs opened for business last week.

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January 07, 2008