• Fighting against predatory lenders

    RALEIGH, N.C. - Watch out predatory lenders- GE Mortgage Insurance and the North Carolina Minority Support Center are teaming up to educate residents here. Sixteen minority-owned credit union affiliates will receive 20,000 GE "Get the Facts" informational flyers to educate consumers about predatory lending practices and the community resources available...

  • O'Neill possibly interested in merging regulators

    WASHINGTON - Treasury Secretary Paul O'Neill may consider a consolidation of the financial institutions regulators as a way to streamline the department, according to a report in the American Banker. NCUA was not one of the agencies mentioned in the article based on anonymous sources. One of the plans O'Neill...

  • Two advanced credit union studies programs have different methods, same goal

    BATHURST, NSW, Australia and LEICESTER, UK - Two universities, two countries thousands of miles apart, two different training programs, but both have the same goal - train credit union people to be better in their jobs. Charles Sturt University in Australia and Leicester University in England, both have developed advanced...

  • Springsteen leaving Callahan & Associates

    WASHINGTON - Ray Springsteen has been a cornerstone of Callahan & Associates for more than eight years - that run will come to an end at the end of this month. Springsteen will be leaving the Washington-based credit union consulting and research firm to become vice president of marketing at...

  • LSI hits one million apps; says the next million will come faster

    ELGIN, Ill. - Credit union lending firm Lending Solutions, Inc. here has processed its one-millionth loan application through its National Loan Processing Center, a 24-hour lending call center. LSI, founded by Rex Johnson, a recognized leader in lending issues in the credit union industry, seems to be going through a...

  • FTC seeks comment on information safeguard rule

    WASHINGTON-The Federal Trade Commission (FTC) is requesting comment on its proposed information security regulation required under the Gramm-Leach-Bliley Act (GLBA). The law's security provisions require the FTC and other federal agencies to develop standards for financial institutions relating to administrative, technical and physical safeguards for customer information. The purpose for...

  • CUES partners with DSI, CIA for scenario planning

    MADISON, Wis. - CUES announced that it has partnered with Decision Strategies International Inc. (DSI), W. Conshohoken, Pa., and Counter Intelligence Associates (CIA), San Juan Capistrano, Calif., to offer scenario-based strategic planning services to credit unions. According to CUES, the partnership gives CU execs and directors access to strategic planning...

  • CUNA Network Services taps RSM McGladrey for Web compliance

    MADISON, Wis. - The newly formed CUNA Network Services has made a deal with RSM McGladrey to deliver Web compliance services to CUs. According to RSM McGladrey, over 95% of credit union Web sites do not comply with a variety of regulatory requirements. The passage of Gramm Leach Bliley brought...

  • SOUTHWEST

    Fort Bliss Federal Credit Union, El Paso, Texas, has promoted Richard L. Sandenaw to executive vice president. U.S. New Mexico Federal Credit Union, Albuquerque, has appointed the following members to its board: Nancy Haines, chairperson; W. Charles Bennett, first vice chairperson; Tony J. Gilbert, treasurer; I.L. Sanchez-Davis, secretary; Robert F....

  • Citadel FCU joins savings initiative

    THORNDALE, Pa. - Citadel Federal Credit Union is helping educate low-income individuals and families about financial management and the importance of saving. The $348 million credit union has become a partner in the Family Savings Partner Program. The Family Savings Partner Program is administered by Open Hearth Inc, which promotes...