• Panel says too early to judge effectiveness of E-SIGN's consumer consent provisions

    WASHINGTON-A panel of industry officials told the Financial Services Subcommittee on Domestic Monetary Policy, Technology, and Economic Growth that the jury is still out as to whether the consumer consent clauses in the Electronic Signatures in Global and National Commerce Act (E-SIGN) are overly burdensome to industry. Most of the...

  • Smart cards on shaky ground in U.S., but a recent CUNA eCommerce pilot shows they may have potential in this industry

    MADISON, Wis. - It certainly wasn't without its glitches or problems, but a recently completed smart card alpha pilot test by CUNA eCommerce shows there may still be a glimmer of hope for smart card applications in credit union land. Employees of three large credit unions - the $3.6 billion...

  • 2001 Association meeting & events Calendar

    JULY JULY 8-19 CUNA & Affiliates CUNA Management School, Sellery Hall, Madison, Wis. For info: Deb Verdecchia, 800-356-9655, ext. 4249. JULY 9-12 Montana CU Network's Mountain Regional Credit Union Roundtable, Idaho Falls, Idaho. For info: Patricia Garvin, 406-442-9081. JULY 11-14 NAFCU's 34th Annual Conference & Exhibition, Orlando Marriott World Center,...

  • Intranet brings power of the Web to the confines of the organization

    COLUMBIA, S.C. - Using telecommunications wizardry to accomplish the simplest of tasks, including getting to know one another, is the magic behind the power of an intranet. Intranet is more than just a buzzword. It's a powerful tool in the management arsenal of today's modern businesses, including credit unions. And...

  • Barnes of First American Credit Union takes his Harleys on the road to unwind

    BELOIT, Wis. - Tom Barnes favorite loans are for motorcycles - especially Harley-Davidsons. In 14 years as president of First American Credit Union of Beloit, Wis., he's had only one Harley repossessed. "We have lots of motorcycle loans," he said. "Once it gets around that you're a rider, that you...

  • United Airlines, US Airways deal may be off; their CUs look ahead

    MOON TOWNSHIP, Pa. - If it happens, the credit union will just have to change its focus, says Joseph Cirelli, president/CEO of the $564 million US Airways FCU here. Cirelli is of course talking about the possibility of US Airways ceasing operations and selling off its assets. That is now...

  • Financial literacy efforts growing

    BIG RAPIDS, Mich. - There's good news for credit unions working to boost member understanding of personal finance. More groups and states are gearing up to emphasize the need for such education. One example is in Michigan, where Ferris State University has just established a Center for Financial Education. Other...

  • The results: CU wish list ambitious and lengthy

    WASHINGTON-CUNA's Renaissance Commission has been hard at work gathering information and suggestions from the credit union community as to where they would like credit unions to go. The 96 suggestions are awaiting action from the CUNA Board this fall. Here's what they came up with: Field of Membership (FOM) Issues...

  • Becker says NAFCU is becoming a stronger association

    ARLINGTON, Va.-Despite the conversions from federal to state charters, which NAFCU President and CEO Fred Becker believes is slowing or possibly stopping, NAFCU is still going strong and making improvements to the federal credit union environment, as well as to itself. Becker predicted that credit unions should be able to...

  • Credit union members hold fast to long-term investing, others turn back to cash

    MADISON, Wis. - For the first time since the last quarter of 1999, the Nasdaq, S&P 500 and Dow Jones Industrial Average have seen gains of 5 to 17% thanks in part to several Fed cuts, a liquidity surplus and the move of some investors out of cash and into...