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  • Leong leaving on top

    Peter Leong didn't join the credit union industry until late in his career, but what he was able to accomplish in 15 years is marveled at by many. Page 34.

  • AWARDS

    Indiana Members Credit Union, Indianapolis, has granted special service awards to four employees whose combined years of service totals 100. The recipients are as follows: Assistant Vice President of Human Resources Monique Krider, 25 years; Vice President of Information Services Diedra Dunagin, 20 years; Assistant Vice President of Credit Union...

  • MILESTONES

    SECU, Baltimore, Md., has recently celebrated its 50th anniversary. With more than $1 billion in assets and serving over 215,000 members, SECU commemorated the anniversary by running a loan sale with a rate of 5.0%. Over the years SECU has been building member conveniences with such services as Internet Home...

  • A lot of hoopla for little change

    ALEXANDRIA, Va.-When the NCUA Board approved the new incidental powers regulation, the credit union community cheered the move, but the rule did not actually change what federal credit unions already can do. The one major change was that federal credit unions are now allowed to receive compensation over and above...

  • PacCorp Chairman doesn't see need for additional WesCorp presence in Hawaii; stands by need for PacCorp to stay independent

    HONOLULU - Now that the word is out about WesCorp's "consolidation" offer to PacCorp (CU Times Nov. 28), Hawaii CUs are starting to discuss the issue. Honolulu Federal Employees FCU President/CEO and PacCorp Chairman Warren Nakamura doesn't think it should be an issue at all. "Right now PacCorp is financially...

  • Fed cuts rates 25 basis points; CUs wonder if more cuts coming

    WASHINGTON - The Federal Reserve cut the federal funds rate by 25 basis points to 1.75 % at its December 11 rate setting meeting and left the door open for another 25 basis point cut early next year. The action by the Federal Open Market Committee, the Fed's interest rate...

  • MIDWEST

    Royal Credit Union, Eau Claire, Wis., has named Linda Putnam Moholt Express branch manager. Home Town Credit Union, Owatonna, Minn., has named Sara Morris Faribault branch manager.

  • FCUs add underserved areas in record numbers

    ALEXANDRIA, Va.-Federal credit unions this year expanded service to underserved areas at an unprecedented rate. An additional 12.5 million potential new credit union members were added as of November 30, 2001. NCUA Chairman Dennis Dollar credited the significant increase to the agency's streamlined application process for expanding into underserved communities....

  • Corporates get tech-savvy

    Corporate credit unions embraced technology in 2001. A number of corporates launched bill pay. Four corporates used their economies of scale to get a better pricing deal to offer its member CUs bill payment. This deal involved CenCorp, SunCorp, Empire Corporate, Southwest Corporate, all of which have launched their bill...

  • Community Action Plan is repealed in long, heated NCUA Board meeting

    ALEXANDRIA, Va.-A warm fuzzy holiday feeling was certainly not the atmosphere of the final NCUA Board meeting of 2001. While the board breezed through the first nine items on the agenda, the final item, the repeal of the Community Action Plan (CAP), proved to be a real sticking point. Of...