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In August 2001, the NCUA General Counsel's Office issued a legal opinion that permitted credit union employees to be licensed to sell securities. The NCUA also removed regulations that prevented credit unions from fully realizing the benefits of the networking arrangements aunder the 1993 Chubb Letter. In response to the...

WASHINGTON - Women-owned businesses are becoming savvier with SBA loans and credit unions might want to take notice. The SBA and its lending partners provided nearly 18,000 loans totaling $2.5 billion to women-owned businesses in fiscal year 2004, the highest numbers ever in SBA's history. SBA Administrator Hector Barreto said...

WASHINGTON - In their most extensive criticism yet, the Federal Reserve Board, the FDIC and OCC have jointly attacked the SEC's broker/dealer exemption proposal concerned that it conflicts with existing regulations and may be a cumbersome waste of time, energy and expenses. In a 32-page, Oct. 8 comment letter, Federal...

PROVO, Utah - CUDATA.COM is offering a new version of its Online Credit Union Comparative Data Analysis System to help credit union managers evaluate financial and productivity performance. The online service, which began in 1999, provides paid subscribers, at $495 a year, unlimited access to 20 quarters worth of data,...

NEW YORK-During the American Bankers Association's recent annual convention, the organization elected SouthTrust Bank (Virginia Beach, Va.) Executive Vice President for Community Bank Development Elizabeth Duke as its new chairman. "I owe a debt of gratitude to the hundreds of thousands of women in this industry. There never could have...

ST. PAUL, Minn. - Nine years after it was introduced, Deluxe Financial Services' cause-related check program which involves the company contributing a portion of the proceeds from the sale of checks with cause-related designs to organizations featured on the checks, has raised nearly $7 million. Introduced in 1995, the program...

SAN ANTONIO - Security Service Federal Credit Union has been singled out as one of San Antonio's fastest growing companies. Sponsored by the San Antonio Business Journal and other area businesses, the "Fast Track" awards for 2004 recognize companies for their stellar growth and overall financial advancement. To qualify, companies...

WAUWATOSA, Wis. - Central States Mortgage, which was founded nearly 20 years ago by Wisconsin credit unions to provide mortgage services and which has over the years expanded into other areas such as insurance and title insurance services, is now in the car leasing business. The parent company of Central...