• AWARDS

    Charter Oak Federal Credit Union, Groton, Conn., has been presented the Chairman's Award of Excellence for the second consecutive year by the United Way of Southeastern Connecticut. Charter Oak FCU raised $35,000 toward the 2001 campaign, representing a 16% increase over last year. In addition, 92% of employees participated in...

  • Richard Rays wonders if there's a better alternative to "credit union"

    WASHINGTON TOWNSHIP, N.J. - Does the term "credit union" scare away some potential members or SEGs? Is it too confusing for today's financial marketplace? These are some of the questions being raised by Paragon FCU President/CEO Richard Rays. In a letter sent to the CEOs of major credit union trade...

  • Security flaws exposed and patched; opinions divided

    COLUMBIA, S.C. - In the weeks since Microsoft launched its newest operating system with assertions that it's the most secure thing yet, serious breaches have been discovered, including the latest, which was severe enough that the federal government is recommending a key XP feature be disabled. That would be the...

  • 10% loss `worst case' scenario for credit unions, banks affected by sale of bogus CDs, regulators foresee

    FRANKFORT, Ky. - Nearly three months after Bentley Financial Services was sued by the Securities Exchange Commission for investment fraud, credit unions affected continue to reassure members that their money is insured and capital numbers are solid enough to weather the outcome. Robert Bentley, owner of BFS and Entrust Groups...

  • FORUM Solutions and CSC Credit Services in marketing agreement

    INDIANAPOLIS - FORUM Solutions, a wholly-owned software development CUSO of Indianapolis-based, $525 million FORUM Credit Union, has entered into a marketing agreement with CSC Credit Services, a division of consulting/IT firm Computer Sciences Corporation. FORUM Solutions' primary product right now is its "TAPS" (Total Account Processing System) home banking and...

  • CUNA, SBA officials confer on SBA opportunities for CUs

    WASHINGTON - CUNA's John McKechnie, vice president, legislative affairs, and Mary Dunn, senior vice president, associate general counsel for regulatory advocacy met with Executive Director John Whitmore and Acting Associate Deputy Administrator Jeanne Sclator from the Small Business Administration January 15 to provide the SBA with solutions that will allow...

  • Indiana CU bills introduced in state legislature

    INDIANAPOLIS - The Indiana Credit Union League is facing a short, three-month state legislative session to see three league-supported bills passed by the state legislature before it adjourns March 14. House Bill 1140 and Senate Bill 202 are identical bills that would amend the state's field-of-membership law to allow credit...

  • New CUSO to serve members of Hawaii's largest credit union

    HONOLULU - Hawaii State FCU is hoping its new CUSO will woo members who need help planning for the long term. Hawaii State Financial Services, LLC (HSFS) recently became incorporated and plans to open its door by August, said Mark Tit Mun Chun, chairman of the CUSO and vice chairman...

  • Recodified state CU acts on tap for 2002

    WEST PALM BEACH, Fla. - Credit unions saw a flurry of activity on the state scene last year - leagues counted more than 800 pieces of legislation they worked on that could have an effect on credit union operations. So what's in store for 2002? Expect no let up in,...

  • SPECIAL REPORT: Data Processing & Technology

    Is there a Net banking vendor fight brewing in CU land? Read about this and other tech news in the Data Processing & Technology Special Report on pages 18-28.