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Two California CUs Merge

Peter Westerman | May 30, 2006

OAKLAND, Calif. - The California Department of Financial Institutions recently announced the approval of a merger between a tiny credit union with ailing growth and a larger one.

Kohn to be Next Fed Vice Chair

Peter Westerman | May 30, 2006

WASHINGTON - The president has announced his intent to nominate Federal Reserve Board Governor Donald Kohn as the next vice chairman of the board for a four-year term.

KEMBA Fiancial Credit Union, Columbus, Ohio, has promoted Laura Ille to marketing manager. US Federal Credit Union, Burnsville, Minn., has appointed Rachel Gronewald to business/community development specialist. RCU, Royal Credit Union, Eau Claire, Wis., recently re-elected John Sackett and Bill Blackburn to three-year terms. Dianne Addington, president/CEO of T&C Federal...

News

Pennsylvania State Rep. Scavello to Introduce Predatory Lending Bill

Peter Westerman | May 30, 2006

HARRISBURG, Pa. - State Rep. Mario Scavello (R-176), a member of the House Finance Committee, is in the final stages of preparation to introduce legislation designed to protect first-time homebuyers and new residents from predatory lending practices that result in foreclosures.

Election Year Issues

Peter Westerman | May 30, 2006

Congress has latched on to the matter and has been furiously introducing and moving legislation with about 10 bills circulating between the two chambers. "Nobody knows right now what's going on," NAFCU Associate Director of Legislative Affairs Debbie Kwon-Moore explained. On May 11, a House Judiciary subcommittee held a hearing...

News

Special Report: Mortgages

Peter Westerman | May 30, 2006

Should credit unions retain servicing of mortgages they sell? Read about that and the latest mortgage news in the special report on pages 22-26.

SOUTH

Peter Westerman | May 30, 2006

Founders Federal Credit Union, Lancaster, S.C., has named Brian J. Mickleberry vice president of its Chesterfield County offices.

American First CU Helps Kids `Bank at School'

Peter Westerman | May 30, 2006

LA HABRA, Calif. - American First Credit Union is teaching elementary school students the benefits of saving with its Bank at School program.

News

The Faces Behind WOCCU's Development Projects; Credit Unions Give Hope to Struggling Families

Peter Westerman | May 30, 2006

INCAHUASI and SAN MATEO, Bolivia -WOCCU currently has credit union development projects in eight countries and over the years has influenced credit union development all over the globe including in Bolivia.

Community Bankers Target CUs, Relief During Hill Visits

Peter Westerman | May 30, 2006

WASHINGTON - A force of community bankers-300 strong-headed to Capitol Hill last week with credit unions and a few other top priorities in mind.

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Two California CUs Merge

Kohn to be Next Fed Vice Chair

MIDWEST

Pennsylvania State Rep. Scavello to Introduce Predatory Lending Bill

Election Year Issues

Special Report: Mortgages

SOUTH

American First CU Helps Kids `Bank at School'

The Faces Behind WOCCU's Development Projects; Credit Unions Give Hope to Struggling Families

Community Bankers Target CUs, Relief During Hill Visits

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