• CorpStar FCU breaks the core processing barrier for corporates

    SIOUX FALLS, S.D. - Size isn't everything. The nation's second smallest corporate credit union is proving that. Starting in early 2002, the $100 million CorpStar FCU will become the first corporate CU in the nation to begin offering core data processing services to natural-person CUs, bringing the ever-evolving corporate CU...

  • Maintaining member loyalty in a rate sensitive environment

    It may come as a surprise to those of us who believe strongly in the not-for-profit, best-deal-around services that credit unions provide, that members will call their credit union for mortgage interest rates, then call 11 other financials and go with the one that promises them the best rate. Whatever...

  • Incidental powers regulation the talk of the town

    ALEXANDRIA, Va.-The somewhat lengthy and substantial July NCUA Board meeting covered quite a few big issues for credit unions including the budget and a money saving, flexible examination schedule, but undoubtedly the most noteworthy topic was the new incidental powers regulation. Not only did the final rule have credit unions...

  • Go West young man and form another new group

    Over the past 18 months or so, credit unions and the growing number of organizations that represent them, seem to have gone on a binge in creating alliances, partnerships, cooperative ventures, special interest CUSOs, and new entities of all types. The alleged purpose of this organizational frenzy, such as the...

  • CCUL to present NCUA Board with alternative capital sources recommendations

    RANCHO CUCAMONGA, Calif. - The California Credit Union League is preparing to present to the NCUA Board in September its list of five recommendations for alternative methods for credit unions to raise capital. The recommendations are discussed at length, including the advantages and disadvantages for each model, in a paper...

  • NCUA allows federal credit unions' CUSOs to form national trust companies

    ALEXANDRIA, Va. - All signs are go for Members Trust Co. (MTC) to obtain a national trust charter that could potentially serve members outside of Florida. MTC, Suncoast Schools Federal Credit Union's (SSFCU) credit union service organization was formed in 1987 and currently exists under a state charter serving 1,500...

  • NCUA Board's approval of final CUSO rule good for CUs, members and movement

    MEDIA, Pa. - The hand vote is in, and based on interviews Credit Union Times has done with CUSO and trade association sources, the consensus is that the NCUA Board's unanimous decision at its July 26 meeting to expand federal credit unions' incidental powers and allow CUSOs broader powers go...

  • Australia's CUSCAL's takes a risk and changes the rules

    SYDNEY, Australia - What does a league do when the relationship between them and their members is borderline warfare? That's what Steve Laue had to face when he signed on as CEO of the Credit Union Services Corporation Australia (CUSCAL). When Laue walked through the door in June 2000 to...

  • MIDWEST

    CUNA Mutual Group, Madison, Wis., has promoted Paul Meier to vice president in information technology, network/voice and Peggy Haack to vice president in information technology, server hardware/software.