News

CUDL (www.cudl.com), which administers the nation's largest point-of-sale and indirect auto lending network for credit unions announced that three credit unions in Alabama have chosen its CUDL Complete program for their indirect lending needs.

As the credit union trades sit down to digest the new proposed rule, issued by the Treasury Department and Federal Reserve Board last week implementing the Unlawful Internet Gambling Enforcement Act, they already know one thing: it is not all they hoped for.

The perception that trust services are earmarked for the ultra wealthy may be shared by some smaller credit unions.

As credit unions gear up to celebrate International Credit Union Day on Thursday Oct. 18, President George W. Bush has issued a letter of greetings to mark the occasion.

There are two pressing issues confronting volunteers these days--how to deal with large-scale credit union mergers and the prospect of CUs being acquired by expansion-minded banks.

The Credit Union Association of Oregon Board of Directors announced last week that President Gene Poitras will retire as of Nov. 30.