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    Pen Air Federal Credit Union, Pensacola, Fla., has hosted its first annual charity golf tournament at the A.C. Read Golf Club to benefit the Navy-Marine Corps Relief Society. Viewed as a huge success, the course was packed with the maximum allowed number of golfers. Prizes included $300 cash for closest...

  • NCUA Board meeting hits many boilerplate issues

    ALEXANDRIA, Va.-NCUA's June board meeting covered several items that have been typical of the agency's meetings lately, including a community charter conversion and technical amendments to slightly outdated regs. The NCUA Board unanimously approved the conversion of Avon Refinery Federal Credit Union from a multiple-group charter to a community charter...

  • Zurich offers product recall insurance

    SCHAUMBURG, Ill.- Zurich North America, a commercial property-casualty, health and accident insurance provider, is offering a new coverage under its Excess & Surplus Group for expenses related to product recalls. The product recall expense coverage is designed for small to mid-sized manufacturers, distributors and retailers of consumer, industrial and commercial...

  • NCUA responds to Texas flooding

    ALEXANDRIA, Va. - NCUA deployed Region V examiners onsite here last week to three federal credit unions hit by the extensive flooding in Houston and 28 southeastern Texas counties. Many of the areas were declared federal disaster areas after thousands of businesses and homes were damaged or completely destroyed by...

  • Good job on corporate CU coverage

    I just finished reading through the May 23 issue of Credit Union Times highlighting corporate credit unions and was pleased to see Credit Union Times' thorough coverage of all that's happening in the corporate credit union network. I was especially taken with your editorial, "Corporates of today justify another look."...

  • 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...