NEWPORT NEWS, Va. - Newport Shipbuilding Employees' CU filed two separate applications with the state Bureau of Financial Institutions on May 19 to expand its field-of-membership to include two underserved areas. In one application, the $792 million credit union applied to expand its FOM to include the contiguous designated "distressed...
NEW YORK - NY 1 News, Time Warner's 24-hour news channel in New York City aired a segment on the station's Money Matters Report on credit unions on May 18 entitled "Credit Unions Offer Non-Profit Alternative to Banks." The segment began with the announcer stating that, "Credit unions are one...
WASHINGTON-Congressional contributions from the Credit Union Legislative Action Council are leaning more toward Republicans this election cycle. According to PoliticalMoneyLine Web site (tray.com), CULAC has given $641,095 to Republican candidates and $485,417 to Democrats in the 2003-2004 election cycle. It should be noted that CULAC, the political arm of CUNA,...
HONOLULU - Hawaii Credit Union League Board Director and former Chairman Goro Hokama has died at the age of 75. Dedicated to the credit union movement since 1946, Hokama served on several credit union boards including Lanai Federal Credit Union and the Hawaii Credit Union League. In addition to serving...
RESTON, Va. - California and Florida no longer have the dubious distinction of being the states with the highest incidence of mortgage fraud. According to a recently released study by the Mortgage Assets Research Institute, Nevada, Georgia, South Carolina, Utah, and Michigan are now in the top ranking spots. The...
Although none of the banking trade associations have asked for my opinions in connection with their ongoing battle against credit unions, I'm going to give them anyway. In my opinion, the state and national banking trade groups' attempts to put all but the smallest credit unions out of business is...
These days to be included in the Top 100 credit unions by members listing, a credit union would have to have 100,000 members. Even more exclusive is the number of CUs with more than a million members. There are only two and they happen to be the No. 1 and...
EECU, Fort Worth, Texas, has been chosen as the Community Group Volunteer of the Year by Cook Children's Medical Center in Fort Worth. Guests were treated to a real red carpet affair with hors d'oeuvres, a live band, dancing, and awards. The credit union was recognized for its efforts in...
LOS ANGELES - Legislation pending at the state and federal levels to allow credit unions to better serve Hispanics in the United States - particularly those who want to make international remittances - has attracted the attention of major Spanish-language media in the Los Angeles area. Within the last month,...
COSTA MESA, Calif. - MeridianLink, a provider of enterprise business applications to credit unions, has completed a direct integration of its LoansPQ Transaction Manager with Fannie Mae's automated underwriting system. With the direct connection to Fannie Mae, Meridian Link says credit unions can now seamlessly submit mortgage loan applications to...