• CO-OP spreads reach to Texas and Indiana

    ONTARIO, Calif. - CO-OP Network, the largest electronic funds transfer network in the credit union industry, can now include Texas-based EDS Employees Federal Credit Union, First Community Credit Union and Indiana-based Ball State Federal Credit Union as the latest members of its network family. The Plano, Austin and Dallas credit...

  • What's in a label?

    Credit Union Times ran an excellent profile of U-Lane-O Credit Union CEO Gordon Hoerauf in the May 30 issue under the headline, "Gordon Hoerauf: CUs are a movement, not an industry." After reading this profile feature, I increased my appreciation of Hoerauf's many contributions to credit unions. His remarks also...

  • U.S. Central Credit Union breaks ground

    LENEXA, Kansas - U.S. Central Credit Union has officially broken ground for its new headquarters here. The building is expected to be 128,000 square feet. U.S. Central will occupy 75,000 square feet and lease out the remaining space. U.S. Central purchased 13 acres in the Renner Ridge Corporate Center in...

  • Three leaders of Marine FCU die in plane crash

    JACKSONVILLE, N.C. - Two employees and one member of the supervisory committee of the $288 million Marine FCU here died on June 6 in a plane crash. Supervisory Committee member Gregory Russell, 51, was piloting the plane when it crashed. On board were Floyd Lewis, 49, CFO, and Devonnya Greenfield-Burks,...

  • Insurer's response to workplace violence

    BOSTON - Lexington Insurance Company, an excess and surplus carrier, has introduced a new insurance product, Violence Guard that combines crisis response services with protection in the event of a violent act. "The United States Department of Justice has estimated that there are two million violent workplace incidents annually. With...

  • What's an FHLB?

    Founded in 1932, Federal Home Loan Banks are privately-owned wholesale banks that were formed to provide low-cost funding to their financial institution members, similar to what corporate CUs do. FHLBs are geared to ensuring mortgage liquidity, however, unlike Freddie Mac and Fannie Mae they are not just a provider of...

  • New ergonomics rule brewing

    WASHINGTON -The Occupational Safety and Health Administration (OSHA) has announced that it is seeking comments for a new ergonomics regulation. An ergonomics rule, passed by the Clinton administration and criticized for being overly vague and burdensome, was overturned by President George W. Bush shortly after he took office. Department of...

  • CheckFree brings ezBillPay to Unitrin

    DALLAS - Bill payment just got a little easier for Unitrin Property and Casualty Insurance Group clients. With the click of a mouse bills can now be received and paid online at nearly 300 CheckFree-powered Web sites. Most personal lines customers of the following Unitrin P&C companies have the option...

  • NCUA creating five-year strategy

    ALEXANDRIA, Va.- NCUA is seeking comments for its five-year strategic plan for 2003 through 2008 from the public and the credit union community. Acting NCUA Board Chairman Dennis Dollar encouraged everyone to participate. Aside from gathering comments from credit unions and the general public, the agency is also requesting suggestions...

  • Predatory loan practices not limited to U.S. consumers

    KILLARNEY, Ireland - If the saying "misery loves company" is true, then credit unions can take solace-albeit small solace-from the fact that predatory lending is not just a problem plaguing U.S. consumers, it's pervasive worldwide. Just how widespread predatory loan practices and other fringe banking abuses are throughout the world...