• Senate Committee earmarks funds for WOCCU programs

    WASHINGTON - The U.S. Senate Appropriations Committee, in a first time ever move and in recognition of the critical role credit unions serve in helping to develop economies worldwide, has designated funds specifically for programs the World Council of Credit Unions (WOCCU) conducts in Mexico and South Africa. The committee...

  • Executive changes in EDS' credit union group

    PLANO, Texas - EDS has a new leader of its Credit Union Industry Group. Dana Rowlett was formerly president of EDS' CUIG. Rowlett will be leaving that position to become Enterprise Client Executive for EDS, dealing specifically with EDS' American Airlines Account. EDS recently formed an outsourcing agreement with Sabre,...

  • Kids and technology: a surefire winner

    OLYMPIA, Wash. - Match up kids, credit unions and technology, and throw in a popular national program, and a future generation can whiz into the world of high finances. Kevin Foster-Keddie, president of Washington State Employees CU (WSECU) in Olympia, challenged his staff to "do something a little different" for...

  • Priority One Credit Union takes the complexity out of the name change process

    SOUTH PASADENA, Calif.- When Postal Employees Credit Union of Los Angeles went looking for a new name, it found one that really delivers- Priority One Credit Union. "Name changes don't have to be cumbersome and full of controversy," said Priority One Marketing Director Maggie Rios. "Planning and involvement of the...

  • Predatory lending annual toll - $9.1 billion

    WASHINGTON - Credit unions are well-aware of the abuses and consequences of predatory lending on borrowers. Now, the North Carolina-based Coalition for Responsible Lending has quantified in a report the sobering ramifications of the lending abuse practice - predatory lending costs borrowers an estimated $9.1 billion annually. CRL Spokesman Martin...

  • NAFCU's Congressional Caucus speakers list shaping up

    WASHINGTON-NAFCU has been busy compiling some pretty impressive speakers for this year's Congressional Caucus, which will take place September 23 through 26. So far, speakers include Senate Banking Chairman Paul Sarbanes (D-Md.); House Domestic Monetary Policy Subcommittee Chairman Peter King (R-N.Y.); House Financial Services Committee Ranking Member John LaFalce (D-N.Y.);...

  • Cunningham leaving CUNA CU to become president/CEO of USA FCU

    MADISON, Wis. - CUNA CU President/CEO Mary Cunningham will be stepping down to become president/CEO of the $425 million USA FCU FCU in San Diego. USA FCU Board Chairman Lew Witherspoon said Cunningham will join the CU on September 17. "We're certainly looking forward to her arrival. We know she's...

  • Oakland is first city in Calif. to prohibit predatory lending

    OAKLAND, Calif. - The City of Oakland has become the first city in California to pass an anti-predatory lending ordinance to protect consumers from deceptive and abusive loan practices. The Oakland City Council unanimously approved an anti-predatory lending ordinance on July 24. The ordinance is scheduled for a second reading...

  • Controversial issues a must for conferences

    I read Mike Welch's column in the July 25 issue, "NAFCU conference almost covers all the bases." It was so timely for my work with the Combined Council of Automotive Credit Unions. Their meeting is in September. I so agree with Mike's perspective in that everyone seems to skirt any...

  • Philadelphia FCU takes an "outsource" approach to new insurance CUSO

    PHILADELPHIA - Taking a cue from its 98,000 members, Philadelphia Federal Credit Union has formed a CUSO - PFCU Insurance Services, LLC - to offer its members insurance products. The unique aspect about the new CUSO is it's outsourcing the operations to Springfield, Massachusetts-based Banc Insurance Services Inc. to offer...