• Consumer Reports: Credit counseling agencies would be `overwhelmed' with new clients if bankruptcy reform bill passes

    YONKERS, N.Y. - If the pending bankruptcy abuse reform bill that would require those who are considering filing for bankruptcy to seek out debt management counselors passes, it may overwhelm "underfunded" consumer credit counseling agencies, Consumer Reports magazine said in a June 11 audio conference. Last year, an estimated 3...

  • Generation Y next up for credit unions

    PALM DESERT, Calif. - If credit unions missed the boat when it came to marketing to Generation Xers - as many industry observers have suggested - they now have a chance to launch an even bigger ship loaded with the opportunity to reach the future of the credit union movement....

  • So far, so good for state-chartered CUs in Houston, says state regulator

    AUSTIN, Texas - As credit unions in Houston began to assess the damages suffered as a result of torrential rains from Tropical Storm Allison that pummeled the area and counties in southeastern Texas last week, the state regulator said state-chartered credit unions in the area suffered varying degrees of damage,...

  • Tanoue resigns FDIC chairmanship

    WASHINGTON - Federal Deposit Insurance Corporation (FDIC) Chairman Donna Tanoue resigned her position on June 11 via a letter to President George W. Bush. Tanoue's term had expired in October, and Bush announced in April that he intended to nominate Texas banker Donald Powell as the next chairman of the...

  • PULSE, TYME team up

    HOUSTON - There is a new team forming in the Electronic Funds Transfer network game. PULSE EFT Association and Brown Deer, Wis.-based TYME Corporation have signed a letter of intent to merge. The combined network will create an EFT system that will serve more than 3,300 financial institutions and includes...

  • Senate expected to finish up with education bill this week

    WASHINGTON -CUNA lobbyists said they believe the Senate could complete its work on the education reform bill this week, which they hope will retain financial education language adopted last week. "We are hopeful that the youth financial education initiatives that we've been supporting will be part of the Senate bill,...

  • WEST

    Mountain America Credit Union, Salt Lake City, Utah, has named Trish Weber Sugarhouse branch manager. Schools Financial Credit Union, Sacramento, Calif., has named, Tim Marriott vice president of consumer lending and Lisa Marchegger vice president of planning and corporate development. Farmers Insurance Group Federal Credit Union, Tigard, Ore. has appointed...

  • Looking at long-term care

    WEST PALM BEACH, Fla. - Gone are the days when a family could be depended on to care for the elderly at home. As life expectancies increase so do prolonged illnesses that may prove to be too much of a financial burden. Long-term care insurance is coming to the forefront...

  • Randolph-Brooks FCU makes it to Nightline

    SAN ANTONIO - The $1.4 billion Randolph-Brooks FCU here received some national media attention recently on ABC's late-night news program Nightline, anchored by Ted Koppel. Nightline focused on U.S.-Mexico relations and in particular the role of Juan Hernandez, Mexico's Secretary of Migrant Affairs and Advisor to Mexico President Vicente Fox....

  • SOUTH

    Seaboard Credit Union, Jacksonville, Fla., has named Delores Dubovsky senior vice president of special services and Virginia Bright business development manager. In addition SCU has promoted Hidi McChesney to marketing manager and Kara Nichols to training director. Georgia Credit Union Affiliates, Duluth, President/CEO Mike Mercer has been elected vice chairman...