• 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...

  • CUNA supports NACHA proposal on electronic affidavits, authorizations, and records

    WASHINGTON-According to a recent comment letter from CUNA, the lobby group is in support of a NACHA proposal on the usage of electronic affidavits, authorizations, and records in conformance with the Electronic Signatures in Global and National Commerce Act (E-Sign). "CUNA supports clarifying that those electronic or written statements made...

  • Fiserv acquires item processing business from FHLB

    BROOKFIELD, Wis. - Fiserv has signed a definitive agreement to acquire the item processing business of the Federal Home Loan Bank of Pittsburgh. Under this agreement, Fiserv will add two FHLBank item processing facilities in Pittsburgh and Conshohocken, located outside Philadelphia. Terms of the agreement were not disclosed. The two...

  • Paris is site of WOCCU's fifth International CU Leadership Institute

    PARIS - The "City of Lights" is host to this year's World Council of Credit Union's fifth International Credit Union Leadership Institute. General and educational sessions during the four-day conference, Aug. 19-22 at the Hotel "Le Meridien Montparnasse" will focus on strategies to help cooperative financial institutions meet the global...

  • Deposit insurance reform likely, but not change in coverage level

    WASHINGTON-While many banking regulators and lawmakers have applauded most of the proposals from the Federal Deposit Insurance Corporation (FDIC) for its revamping, most have taken a position against doubling the deposit insurance coverage. With such opposition to this aspect, that provision of the reform process is expected to be dropped....

  • Polish CUs come to aid of flood victims

    GDANSK, Poland - Two Polish credit unions have responded to help members whose lives have been torn apart by recent flooding. Over 600 people were recently made homeless and five people died when torrential rains caused two rivers in Radunia and Strzy and a number of local streams to overflow....

  • Consumers satisfied with privacy disclosures, SIA finds

    WASHINGTON-A recently-released survey by the Securities Industry Association (SIA) determined that most Americans actually took the time to read the privacy policies from their financial institutions, understood the language, and were satisfied with the policy. Nearly three-quarters (73%) approved of the "opt-out" policy required of financial institutions under the Gramm-Leach-Bliley...

  • MIDWEST

    Community First Credit Union, Appleton, Wis., has named Joyce Bayer, vice president of branch operations; Carol Steinberg, Lakeport branch manager; Todd Miller senior business lending officer; and Anne Cutts, mortgage loan originator. In addition, CFCU has promoted Jeff Schweitzer to vice president of facilities/purchasing and Kevin Hartz to assistant vice...

  • Goldenwest's Clarke lambastes UBA's Headlee for remarks on female CU CEOs

    SALT LAKE CITY - Arrogant. Goldenwest President/CEO Shelley Clarke needed only one word to describe her impression of the attitude conveyed by Howard Headlee, president, Utah Bankers Association in his remark quoted in an article that ran in the Aug. 12 edition of the Salt Lake Tribune on women holding...

  • Surging deposits, sluggish lending the story of 2001 stats thus far

    ALEXANDRIA, Va. - NCUA's mid-year stats show CUs are being inundated with deposits, while lending has slowed considerably - and oh by the way, credit unions are nearing the $500 billion asset milestone. With deposits jumping by 9.7% in the first half of 2001, and loans inching along at just...