News

There were a few surprises this year in the credit unions participating in the name change game. Here are a few of the more notable name changes that occurred in 2002: With a sponsor company declaring bankruptcy and all the negative publicity associated with it, Enron Federal Credit Union quickly...

The year 2002 marks the unfortunate passing of many pioneers who brought so much energy, dedication and service to the credit union movement. The following list is by no means complete, and Credit Union Times regrets the omission of any notable deaths not highlighted here. *Former NCUA Administrator and lobbyist...

WASHINGTON-After passing out of the House Financial Services and Judiciary Committees, the Financial Services Regulatory Relief Act (H.R. 3951) lost momentum and died at the conclusion of the congressional session. However, lobbyists view next year as more promising. Several provisions in the bill were favorable to credit unions, which caused...

LANCASTER, S.C. - The number of women credit union CEOs is increasing, and they have Laura Fleming to thank for that. Fleming, president/CEO of Founders FCU is known as a pioneer for women CEO. She retires at the end of 2002 after 42 years with the $840-million credit union. Fleming...

ALEXANDRIA, Va.-Facing the closure of the Region IV office in the Midwest and pressure from credit unions and their trades for NCUA to slash its budget, agency employees are concerned about job security. Earlier this year, some NCUA employees contacted the National Treasury Employees Union for guidance on organizing a...

ALEXANDRIA, Va. - It was a long haul to a new corporate regulation, but most corporate leaders feel it was worth it. The NCUA Board approved the new corporate reg at its October board meeting. The main highlights include the following: *A grandfathering provision for Paid-in-Capital; *Elimination of a provision...