• House appoints bankruptcy conferees

    WASHINGTON-Last week, Speaker of the House Dennis Hastert (R-Ill.) appointed conferees to the bankruptcy reform legislation conference. According to credit union Hill lobbyists, none of the conferees named were a surprise. NAFCU Senior Lobbyist Murray Chanow said he is only surprised that the House did not name more than 19...

  • PSCU looking to stem the credit card portfolio sell-off

    ST.PETERSBURG, Fla. - For credit unions, there's a new but familiar player in the credit card portfolio sales game - Payment Systems for Credit Unions, Inc. Responding to major issuers targeting credit union credit card portfolios, PSCU is providing CUs a turnkey alternative- the PSCU Portfolio Management Solution. From evaluation...

  • Becker extols CU benefits in USA Today letter

    ARLINGTON, Va. - NAFCU President/CEO Fred Becker agrees 100% with a recent USA Today story that recommended consumers check out credit unions for great rates on CDs - but there's even more consumers should be doing with CUs, says Becker. In a letter published in the July 26 edition of...

  • Georgia Central CU names Carver interim president/CEO

    DULUTH, Ga.- Georgia Central CU has appointed Allen Carver interim president/CEO. David Preter resigned from the post recently to become president/CEO of the $3.7 billion Mid-States Corporate FCU. Carver recently retired from a 33-year career with NCUA. During his tenure with NCUA, Carver served as Regional Director in Atlanta and...

  • CorpStar FCU At A Glance

    * Formerly South Dakota Corporate FCU (name change occurred this March), * The nation's smallest corporate with $100 million in assets * Serves 62 CUs in South Dakota. * FOM: Recently expanded its FOM to be able to present check imaging, item processing and service bureau DP in the Fed's...

  • CorpStar FCU breaks the core processing barrier for corporates

    SIOUX FALLS, S.D. - Size isn't everything. The nation's second smallest corporate credit union is proving that. Starting in early 2002, the $100 million CorpStar FCU will become the first corporate CU in the nation to begin offering core data processing services to natural-person CUs, bringing the ever-evolving corporate CU...

  • Maintaining member loyalty in a rate sensitive environment

    It may come as a surprise to those of us who believe strongly in the not-for-profit, best-deal-around services that credit unions provide, that members will call their credit union for mortgage interest rates, then call 11 other financials and go with the one that promises them the best rate. Whatever...

  • Incidental powers regulation the talk of the town

    ALEXANDRIA, Va.-The somewhat lengthy and substantial July NCUA Board meeting covered quite a few big issues for credit unions including the budget and a money saving, flexible examination schedule, but undoubtedly the most noteworthy topic was the new incidental powers regulation. Not only did the final rule have credit unions...

  • Go West young man and form another new group

    Over the past 18 months or so, credit unions and the growing number of organizations that represent them, seem to have gone on a binge in creating alliances, partnerships, cooperative ventures, special interest CUSOs, and new entities of all types. The alleged purpose of this organizational frenzy, such as the...

  • CCUL to present NCUA Board with alternative capital sources recommendations

    RANCHO CUCAMONGA, Calif. - The California Credit Union League is preparing to present to the NCUA Board in September its list of five recommendations for alternative methods for credit unions to raise capital. The recommendations are discussed at length, including the advantages and disadvantages for each model, in a paper...