• Credit union reps hopeful in banker appeal

    WASHINGTON - The U.S. Court of Appeals for the District of Columbia heard the appeal of the field of membership (FOM) case brought by the American Bankers Association (ABA) against NCUA. Michael Robinson, attorney for the Department of Justice, represented NCUA in court. "I don't see any reason, based on...

  • NCUA Letters to credit unions address electronic security

    WASHINGTON - NCUA recently issued two Letters to Credit Unions dealing with securing transactions in cyber space. In a letter focused on authentication in electronic banking, NCUA advised CUs to review authentication guidance recently issued by the Federal Financial Institutions Examination Council (CU Times, August 22). "Member interaction with credit...

  • CUNA Small Business Task Force to strengthen CU/SEG relationships

    WASHINGTON - CUNA is in the process of establishing a nine-member Small Business Task Force charged with strengthening credit unions' relationships with their SEGs by putting together "a package of services which will benefit small business," said CUNA Chairman David Maus. The package would include loans, employee benefit services, automation...

  • Long-time CU supporter Phil Gramm will not seek re-election

    WASHINGTON - At some points too choked up to speak, political powerhouse and former Senate Banking Committee Chairman Phil Gramm (R-Texas) announced recently that he would not be seeking re-election to the Senate when his term expires after 2002. Gramm is a close ally with credit unions. As just one...

  • EAST

    Mon-Oc Federal Credit Union, Toms River, N.J., has named Margaret Arling Neptune branch manager. Federal Reserve Bank of Philadelphia, has appointed the following officers to its credit union advisory council: Freedom CU President/CEO Lee T. MacMinn, chairman; American Pioneer FCU CEO James F. McCaw, director; Diamond State FCU President Paula...

  • CUs may not qualify as financial counselors under bankruptcy reform legislation, says CUNA

    WASHINGTON - Credit unions may not qualify as independent financial counselors for mandatory credit counseling under bankruptcy reform said CUNA in a letter to the Office for U.S. Trustees. Pending bankruptcy reform legislation would require credit counseling of debtors before filing for bankruptcy. Because of their vested interest in seeing...

  • WEST

    Lockheed Federal Credit Union, Burbank, Calif., has named Phil Hart executive vice president/chief financial officer. Safe 1 Credit Union, Bakersfield, Calif., has appointed Pat Laski board director. Denver Postal Credit Union, Arvada, Colo., has named Sundie Seefried-Charpentier president/CEO. MaPS Credit Union, Salem, Ore., has named Kenneth M. Becker controller and...

  • Northwest Corporate hits asset record

    PORTLAND, Ore. - Northwest Corporate Credit Union hit an all-time asset high of $1.281 billion as of August 31, 2001. This is the highest asset tally in the corporate's 23-year history, and is an increase of more than $100 million over total assets at June 30, 2001. "These record levels...

  • EDS in streaming video deal

    PLANO, Texas and LOS GATOS, Calif. - EDS announced recently that it will offer its clients streaming technology solutions from Streaming21, which empowers users to transmit and play digital video and audio over Internet and broadband networks without having to wait until a file is downloaded. Some CUs are currently...

  • Renaissance: Tail wagging the dog?

    I just finished reading Brian McDonnell's comments on some of the Renaissance Commission recommendations (CU Times, August 22). I respect Brian for his candor. As CEO of a somewhat smaller credit union, I have a few candid comments too. It seemed odd from the beginning that this whole parade of...