• Nevada state regulator gets "wildcard" authority

    CARSON CITY, Nev. - Gov. Kenny Guinn signed into law a bill supported by the Nevada Credit Union League that gives the commissioner of the Financial Institutions Division "wildcard" authority to grant state-chartered credit unions parity in their powers with federal credit unions. S.B. 330 was introduced by state Sen....

  • SECU of N.C. Basic Transportation Loan a way for members to purchase no-frills vehicles

    RALEIGH, .C. - Most people would like to drive a new, expensive car, but sometimes an expensive price tag isn't necessary or possible. For people like a new high school graduate, a college graduate and a new employee just starting out, all that's needed is a car to get them...

  • FCUs may perform mortgage servicing as a charitable contribution

    WASHINGTON-NCUA told UCF Federal Credit Union CEO Michael Murray that his credit union could perform mortgage servicing as a charitable contribution for an area chapter of Habitat for Humanity, as long as they stay within the parameters of the charitable giving regulation. However, because Murray is going to serve on...

  • Colorado DFS amends CU operation rules

    DENVER - After a public hearing on Jan. 19, the Colorado State Financial Services Board adopted rules that amend five rules currently in effect concerning small groups, fixed assets, appraisals, director's policies, and reserves. The changes and deletion of language were meant to clarify the intent of the rules, make...

  • Wisconsin study zeroes in on payday loans

    MADISON, Wis. - Payday lenders in Wisconsin are making in excess of $200 million in loans at an average APR of 542.2%, according to a study conducted by the Wisconsin Department of Financial Institutions (WDFI). The average loan amount is $246.19 with an average finance charge of $49.73 and an...

  • Group to study effects of privacy officers

    HACKENSACK, N.J.-Privacy and American Business and the Association of Corporate Privacy Officers plan to release two surveys this fall regarding corporate privacy officers (CPOs) and how the public perceives them. The studies will look into CPO's duties and salaries and measure how the general public fells about companies with appointed...

  • Mid-Atlantic Corporate FCU and iSolaria sign referral deal

    MIDDLETOWN, Pa. - Mid-Atlantic Corporate FCU has signed a mutual referral agreement with iSolaria, a financial software solution provider. The agreement calls for Mid-Atlantic to be presented by iSolaria as the preferred vendor for electronic bill payment (EBP) processing to credit union clients using iSolaria's Internet banking solution. Mid-Atlantic will...

  • And the Emmy goes to SAFE CU-sponsored Money Moves Jr. program

    SACRAMENTO, Calif. - This year's National Academy of Television Arts and Sciences Emmy Award in the Children/Youth Program division goes to a hit program that focuses on financial literacy for young people -Money Moves Jr., which was sponsored in part by SAFE Credit Union. Launched last year, the show paired...

  • NZACU to hold meeting at Mt. Maunanui, Taranga

    AUKLAND, New Zealand - The Baycourt Convention Centre in Tauranga will be the site of the "People Make the Difference" conference and Annual Meeting of the New Zealand Association of Credit Unions on September 13-16. Topics will include the new Trust Deed Licence System, credit control, team building, fraud, governance...

  • John Deere Comm. credit union awards youth grants

    Waterloo, Iowa - John Deere Community Credit Union has awarded four Cedar Valley organizations funding for special culturally diverse programs through the Diversity Alliance and Cultural Alliance for Youth Grant programs. The grants are awarded to those organizations whose programs celebrate cultural and social diversity for youth in Black Hawk,...