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MILWAUKEE-Eighty-seven settlement agreements have been reached between the State of Wisconsin and its banks, which have been accused of using subsidiaries in Nevada to evade state taxes, a Dec. 2 report in the Wall Street Journal stated. The agreements settled on total $24 million in payments of back taxes, state...

LANCASTER, S.C.-NCUA Board Member Debbie Matz was scheduled to participate in the grand opening of Founders Federal Credit Union's first bilingual branch last week after deadline. "The future of the credit union community depends upon serving America's fastest-growing ethnic groups," she commented. "Latinos are under-represented in credit union memberships; reaching...

WASHINGTON - Credit union lobbyists have said that the Credit Union Regulatory Improvements Act, currently H.R. 3579, would get a revamp for the next Congress, but no one can know the specifics of it until it is introduced next year. With the 109th Congress, that bill number is likely to...

ALEXANDRIA, Va.-Small credit unions are going the way of the do-do bird and Tyrannosaurus Rex, NCUA Board Member Debbie Matz fears. Data recently released from NCUA demonstrates the increasingly speedy disappearance of small credit unions and the need for NCUA's new Office of Small Credit Union Initiatives, she said. In...

Credit Union Times inadvertently misquoted remarks from NAFCU Chief Economist Tun Wai in a Dec. 1 article entitled, "Careful What You Wish For, ABA Tells CUs; CU Economist Say Banker View Skewed" regarding credit union capital. The second paragraph should have read: However, that is where the agreement ended. "At...

WICHITA, Kan. - Lowell Richardson, president/CEO of Mid American Credit Union, will retire on Dec. 31 after nearly 15 years at the helm. Richardson, 63, will be replaced by Jim Holt, executive vice president of the $123 million credit union. During Richardson's tenure, several new branches were added including a...

FORT COLLINS, Colo. - It seemed simple enough eight years ago when Norlarco CU decided to open a branch in Estes Park, a small growing mountain community located at the mouth of Rocky Mountain National Park. But the credit union finally bit the bullet recently - it owned up to...

WASHINGTON-Personal bankruptcy filings in federal courts dropped 2.6% during fiscal year 2004 (the 12-month period ending Sept. 30). According to a report from the Administrative Office of the U.S. Courts, personal bankruptcies fell from 1,625,813 as of Sept. 30, 2003 to 1,584,170 at the same time this year. "Despite the...