• CREDIT UNION TIMES, Vol. 7, No. 34, August 21, 1996

    Looking back five years ago finds credit unions able to offer their employees 401(k) retirement plans. "When we realized Congress, and particularly House Ways and Means Chairman Bill Archer (R-Texas), were definitely intent this year on moving ahead with 401(k)s for nonprofits, our staff and many leagues jumped right in...

  • Majority of financial planners are certified, says Worth study

    DENVER - Three-fourths of the nation's top financial planners hold the certified financial planner (CFP) certification, according to a Worth magazine study. Worth ranked the nation's top 250 financial advisors and 196 individuals or 78% of those listed have professional accreditation. Certification is becoming valued among other professions that provide...

  • CarDay, AutoValue Center partner to target members looking for autos

    NEW YORK - CarDay Inc. here, an auto buying service that combines bricks with clicks, has partnered with AutoValueCenter, Butler, Pa., a car buying firm that assists CUs in providing financing for autos bought at dealerships, to bring members more access to purchase certified used cars using credit union financing....

  • Southeast Corporate FCU makes a number of executive hires

    TALLAHASSEE, FL - Southeast Corporate Federal Credit Union has announced a number of new senior staff hires. They include the following: Kay Moon, Senior Vice President - Correspondent Services; Barry Haddix, Vice President - Information Technology; Lisa Coffey, Vice President - Item Processing; and Jason Norton, Vice President/ Marketing. Interestingly,...

  • Twelve million American households rely on `fringe lending,' Fannie Mae reports

    WASHINGTON - More and more households are turning to check cashing stores, payday lenders and pawnshops to meet their financial needs in part because the `fringe lending' industry is quickly becoming an outlet for one-stop shopping. This according to a recently released report by the Fannie Mae Foundation titled "Financial...

  • CU of Texas launches new Web site

    HOUSTON, Texas - The Credit Union of Texas recently unveiled its new interactive Web site at www.cuoftexas.org. A variety of online services are an integral part of the design including home banking, wireless banking, bill payment, auto-market sales and leasing, several calculators, as well as online applications for loans, membership,...

  • Call_Solutions acquires marketing agency specializing in direct mail

    WAUKESHA, Wis. - Call_Solutions has acquired Advanced Response Marketing, Inc. (ARM) of Dallas, Texas, a marketing agency specializing in direct mail campaigns for Fortune 1000 companies. Its clients include American Airlines, Dillards Department Stores, Federated Stores, GE Capital Corporation, The Home Depot, and others. According to Call_Solutions, this acquisition helps...

  • For the record

    In a recent column ("NAFCU's Strengths and Weaknesses"), Mike Welch makes the point that NAFCU is a direct membership organization, but he then goes on to add, "credit unions are members, not leagues as in the case of NAFCU's rival CU trade group CUNA." As chairman of the CUNA Renewal...

  • Highlights of FFIEC's guidance on authentication in the online world

    WASHINGTON - The following are some key points culled from the FFIEC's guidance on authenticating users online. NCUA is expected to release a Letter to CUs on the issue later this year. Secure password measures: * Six character passwords that are alpha-numeric can be more effective than the common four...

  • North Carolina Bankers Association assails Renaissance report

    RALEIGH, N.C. - Thad Woodard, president, North Carolina Bankers Association accused credit unions of making it "abundantly clear the message.to Congress, state legislatures, federal and state regulatory agencies, and the public: `The rules don't apply to us.' " In his letter to the editor in the Aug. 20 issue of...