• Missouri CU Commission reaffirms decision for CU FOM challenges

    JEFFERSON CITY, Mo. - The state Credit Union Commission at a meeting Aug. 9 issued a written decision supporting its May 24 rejection of an appeal filed by the Missouri Bankers Commission on a ruling by the director of the state Department of Credit Unions granting a 3,000-member expansion exemption...

  • Don't overlook CU philosophy

    I agree wholeheartedly with Mike Welch's July 25th publisher's column regarding the lack of real issues discussed at today's credit union meetings. But he missed an opportunity when he listed the important issues he would like to see discussed and debated. Where does credit union philosophy fit in? One of...

  • We play like the big boys: SUFCU's Twitchell

    ST. GEORGE, Utah - As its retiring CEO, Ed Twitchell, 63, has long professed "no fear" when it comes to the $80 million Southern Utah Federal Credit Union facing up to the competition - whether it's banks or CUs larger than SUFCU. "We just don't roll over simply because the...

  • Fallout from Tri-State Armored Services case hits credit unions, banks hard

    HAMMONTOWN, N.J - "This is the first one I've seen in 24 years," said CUNA Mutual Vice President/ Associate General Counsel, Litigation Bob Konop referring to the Tri-State Armored Services losses. "There might have been other minor losses but not this large." So far, 56 credit unions and 72 banks...

  • Florida, Georgia leagues' service corporations jointly form limited liability corporation

    TALLAHASSEE, Fla. and DULUTH, Minn. - More diverse products, economies of scale. These are some of the benefits affiliated credit unions of the Florida Credit Union League and Georgia Credit Union Affiliates can expect to see from the joint venture announced by the leagues' service corporations to form a limited...

  • Certegy adds two credit unions to family

    ALPHARETTA, Ga. - Certegy Card Services, Inc., formerly Equifax Card Services, Inc. will add two credit unions to its card processing family. Tampa, Florida-based MacDill Federal Credit Union and New York-based Municipal Credit Union have selected Certegy to process their credit card accounts. Both credit unions cited the company's customizable...

  • Leeds CU chief executive wins award

    LEEDS, U.K. - Sue Davenport, chief executive of Leeds City Credit Union has received the United Kingdom's Co-operative Council's Grassroots Co-Operators Award. She is only the second recipient ever of the award. Davenport was nominated for the award by the Yorkshire Chapter of Credit Unions, which praised her "seemingly inexhaustible...

  • CU Security Institute slated for September

    MADISON, Wis. - CUNA's Center for Professional Development is offering a Security Institute set for September 23 - 28 in New Orleans, Louisiana. Topics covered will include the following: * Administering Policies & Procedures of a Security Operation * Robbery: Policies, Procedures and Training * Internal Fraud & Crime *...

  • Johnson nomination to NCUA Board a step closer

    ALEXANDRIA, Va.-Favorite for the open NCUA Board position that Yolanda Wheat will be vacating when someone else is appointed, Iowa state Senator JoAnn Johnson mailed out all the final paperwork for the background check for her nomination on Friday. "I am a long way from the official nomination, but it's...

  • CUs outshine banks in key areas of New Jersey fee guide

    TRENTON, N.J. - The state Department of Banking has released its third edition of the "Consumer Guide to Bank and Credit Union Fees," and the results show that credit unions once again compare favorably to bank in several categories. Among the findings, credit unions reported lower transaction fees for ATMs,...