• Lindsey writes CUNA on aiding Mexican credit unions

    WASHINGTON-Assistant to President George W. Bush on Economic Policy Larry Lindsey wrote CUNA President and CEO Dan Mica thanking CUNA for a letter about the credit union movement in the U.S. and letting him know that the administration is very interested in credit unions' work in cross-border issues. "The President...

  • PEMCO, STAR launch ATM processing

    SEATTLE - PEMCO Technology Services, a pass through processor, has partnered with STAR Systems to add ATM processing to its offerings. PEMCO will use STAR Systems' network gateway. Cards bearing the STAR logo are accepted at more than 200,000 ATMS and 800,000 POS locations. This latest move by PEMCO will...

  • Seidman announces resignation from OTS

    WASHINGTON-Ellen Seidman announced her resignation from the Director of the Office of Thrift Supervision (OTS) last week, effective upon the confirmation and appointment of her replacement. "The agency, weak when I was appointed in October 1997 because of a five-year lack of a confirmed Director and constant concern over its...

  • Credit Union Times sets single issue page record

    At 112 pages, the July 11, 2001 issue of Credit Union Times has set a new record for the number of pages in a single weekly issue. This issue will be distributed at the 2001 NAFCU Annual Conference and Exhibition. Interestingly, many of the issues in this publication's first year...

  • CUNA Mutual Group has an ambitious goal - to be the industry's "strategic business partner"

    MADISON, Wis. - CUNA Mutual Group says it wants credit unions to think "strategic business partner" when they think of CUNA Mutual Group - a task that may be easier said than done. CUNA Mutual Group set out last fall to find out if it was at the strategic business...

  • Janet Miller, Colorado and national CU leader, succumbs to cancer

    COLORADO SPRINGS, Colo. - Janet Miller, the first woman to chair CUNA and the first woman to chair the Colorado Credit Union System, passed away Sunday, June 24 from cancer. Miller's credit union career began in 1959 at the Air Academy FCU, Colorado Springs as a part-time typist. Over the...

  • Colorado credit unions, state league, to form trust company

    DENVER - Six credit unions and the Colorado Credit Union League (CCUL) are in the final stages of forming a trust company that could potentially reach 440,000 members who account for $3.5 billion in deposit assets. ENT Federal Credit Union, Bellco Credit Union, University of Colorado Federal Credit Union, Public...

  • What do you lose when you sell your credit card portfolio?

    An article in the May 16 issue of Credit Union Times, "Should you sell your credit card portfolio," offered some "good reasons" for selling a credit card portfolio. The suggested "good reasons" were given by a credit card portfolio sales broker. While every business decision a credit union faces has...

  • NCUA, CUNA, NAFCU, SEFCU submit rebuttal in ABA lawsuit

    WASHINGTON-The Department of Justice (DOJ) submitted its brief for NCUA in the ABA's FOM appeal last week. CUNA, NAFCU, and State Employees Federal Credit Union, Albany, N.Y. filed a separate brief as co-defendants in the case. The ABA charged that NCUA overstepped the congressional bounds created in the Credit Union...

  • Washington CUs learn valuable lessons from aftermath of Seattle earthquake

    SEATTLE - Don Rohacek, president/CEO of Credit Union Northwest remembers the morning of Feb. 28 when a frightening 6.8 magnitude earthquake jarred the city. Looking back nearly five months, he can laugh now at his naivete. At the time, Rohacek had been traveling down the rolling concrete floating bridge of...