Search Results

NASSAU, Bahamas - Credit union mergers are neither bad nor good, opines Bob Hoel. It depends on the circumstances surrounding the merger. That's the core message the president of the Filene Research Institute delivered to the more than 1,000 delegates to the World Council of Credit Union's (WOCCU) Seventh Annual...

WASHINGTON - In an indication of the Federal Reserve's recognition of consumers' continuing decline in use of paper checks in favor of electronic payment, the agency last week announced further changes designed, it stated in a release, "to increase the efficiency of their check-processing operations while maintaining high-quality services to...

FITCHBURG, Mass. - Workers' Credit Union is helping preserve Townsend history with a $10,000 pledge to the Townsend Historical Society's capital campaign. The proceeds from the capital campaign will be used to improve the historic properties of the Townsend Historical Society. "It is an important and worthy cause and we...

MADISON, Wis. - SHAREXT, a mortgage servicing and delivery venture launched by CUNA Mutual Mortgage last month and which is owned and managed by the company, has partnered with mortgage applications specialist MortgagebotT to offer credit unions an opportunity to purchase Mortgagebot's streamlined and economical Internet-based loan origination system at...

PASADENA, Calif.-LA Financial Credit Union made history in July by being approved for the largest federal community charter ever. NCUA's Region V gave the OK to LA Financial to serve a field of membership encompassing all of Los Angeles County with a population of more than 10.1 million, the highest...

ALEXANDRIA, Va. - NCUA Associate General Counsel Sheila Albin informed the Wisconsin Credit Union League in a legal opinion letter (04-0606) that the state's new anti-predatory lending law is preempted by federal law for federal credit unions, but the preemption does not extend to credit union service organizations. Because 2003...

WASHINGTON - The Community Development Financial Institutions Fund recently announced Texas Credit Union League Vice President of Staff and Public Relations Troy Stang as its new director of legislative and public affairs. This may be good news for the CDFI Fund, but Stang had been on the short list for...

LENEXA, Kan. - July 21 was an historic moment for Charlie Mac. It completed its first loan securitization made up of credit union loans, a long standing goal for the secondary market player. This particular security was worth $160 million and consisted of 30-year credit union loans from six credit...