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BEAVERTON, Ore. - Up until it was time for a joint Washington and Oregon credit union task force to recommend to their respective boards for consolidation of the Credit Union Association of Oregon and the Washington Credit Union League, everything seemed a go. But things took a 180-degree turn when...

ARLINGTON, Va. - NAFCU continued to lead the way on credit union issues in 2004, strongly supporting a regulatory relief bill that passed the House with a number of credit union provisions. NAFCU also worked very hard for a separate credit union bill, the Credit Union Regulatory Improvements Act, and...

ALEXANDRIA, Va.-NCUA employees' new union, Chapter 303 of the National Treasury Employees Union, held officer elections Dec. 1. The board will consist of 11 members including, four officers, a representative from each of the five regions, a central office representative, and a representative from the Office of Corporate Credit Unions....

PORTLAND, Ore. and EUGENE, Ore. - The merger process of Portland Teachers CU and Oregon Community CU seemed to be going along fine, but appearances can be deceiving. Late in 2003 the two credit unions announced that their boards agreed to explore the possibility of a merger. At the time...

HIGHTSTOWN, N.J. - In a move that surprised many New Jersey credit unions and still has some asking why and speculating on reasons, the board of the New Jersey Credit Union League terminated Tom Shaughnessy as president/CEO of the League. Shaughnessy was in Hawaii attending CUNA's Future Forum when he...

SALT LAKE CITY - Attacks on credit unions by the banking groups proved even more ferocious in 2004 than it had been in recent years. In June, the three major national banking trade associations-the American Bankers Association, America's Community Bankers, and the Independent Community Bankers of America-joined forces to create...

WEST PALM BEACH, Fla. - Record low interest rates over the last couple of years continued into the first half of 2004 and helped feed the refinancing boom that boosted many credit unions' and other mortgage lenders' portfolios. But all good things must end, and that was true for the...

WEST PALM BEACH, Fla. - 2004 saw more high-profile leadership changes than any year in recent history. The industry's largest vendor, largest credit union, and federal regulator each saw changes at the very top of the ladder. State leagues also experienced executive churn as did many other organizations important to...