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Altura Credit Union, Riverside, Calif., has named Michael Kormos vice president /investment program manager. In addition, Altura CU has promoted Karen Gracia to senior vice president sales/operations. Marion and Polk County Schools Credit Union, Salem, Ore., has elected Joe Phillippay, Judy Beebe and Del Cornutt board directors. Wescom Credit Union,...

WASHINGTON - With human resources topping the priority list of many credit unions, a NAFCU November Flash Survey reveals that rising benefit costs is the most challenging HR issue facing credit unions today. In addition, some 86% of responding credit unions indicate that they review salary, benefits and incentive programs...

MADISON, Wis. - CUNA Mutual Group, the insurer for 95% of credit unions in the U.S., and other card security experts have begun to warn credit unions that a long standing card activation procedure has been compromised and needs to be changed or scrapped. Most credit union card issuers require...

RANCHO CUCAMONGA, Calif. - CU Direct has launched a new tool for auto buying credit union members to use to help them make "more informed, smarter auto buying decisions and get a great deal." Know as AutoSMART (Select Member Automotive Research Tools), the site is an upgrade to CU Direct's...

ALEXANDRIA, Va.-Federally insured credit unions have shown consistent savings and equity growth, NCUA reported last week, while loan growth continues to expand through the third quarter. However, credit union membership growth remains weak in 2004. Credit unions' net worth ratio increased from 10.71% at year-end 2003 to 10.87% at the...

ALEXANDRIA, Va.-NCUA has placed the troubled $5.2 million Midwood Federal Credit Union in Brooklyn into conservatorship. NCUA has assured that service to the credit union's 1,110 members will continue uninterrupted. The National Credit Union Share Insurance Fund insures member accounts up to $100,000. NCUA Special Assistant to the Chairman and...

BETHPAGE, N.Y. - Bethpage Federal Credit Union has teamed up with local area newspaper Newsday to shine the spotlight on local not-for-profit stars. Dubbed `Community Champions' the program profiles the contributions of the Long Island-based and New York metro area not-for-profit community. As part of the program, two selected nonprofits...

WASHINGTON-NCUA made some gains and losses in the appropriations legislation recently approved by Congress. The Senate recently passed the omnibus spending bill and the House was expected to pass the same bill last Wednesday (the House already passed a very similar bill but a technicality led to a second review,...