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WASHINGTON - CUNA will take a seat at an upcoming roundtable event hosted by Federal Accounting Standards Board at its Norwalk, Conn., headquarters covering accounting for transfers, including loan participations. The issue is critical for credit unions, because if the proposed changes are made, loan participations will be less attractive...
MADISON, Wis. - Googolplex: The CU Guide for Student Moneymakers, the on-line youth magazine from CUNA, is sporting a fresh, upbeat and more user-friendly design just in time for summer. The revamped Googolplex is a result of feedback from three various age groups on the youth editorial board who not...
NEW YORK - David Grace, former manager of the World Council of Credit Union's IRNet remittance network and now the organization's senior manager of association services was among the WOCCU executives who briefed officials from the Federal Reserve and the so-called G8 nations on private industry's attempts to meet the...
BETHESDA, Md. - Eleven credit unions in the Buffalo, New York-area have joined ATM National's Allpoint network since March, the company said, marking the first time that a number of credit unions from a single area have joined at almost the same time. The credit unions are the $49 million...
RYE, N.Y. - In a decision marking the end of what was the oldest lawsuit on the docket of the Commercial Division of the Westchester County Supreme Court, USAlliance FCU was awarded $3.75 million by the Court and was absolved of all charges of wrongdoing relating to the involuntary bankruptcy...
Georgia Federal Credit Union, Atlanta, has announced the recipients of the 10th Annual Vernon E. Carne Scholarship. Eleven high school seniors were awarded a total of $6,000 in scholarships. The competition was based on academic achievement, community involvement and individual essays on the value of credit union membership. Firstmark Credit...
MOORPARK, Calif. - Credit union data processor XP Systems hosted its annual Technology Forum at the Royal Pacific Resort in Orlando recently and new XP2 system applications were on display. XP2 is the company's revamped core processing system that is being rolled out in stages. Credit unions on hand were...
TAMPA, Fla. - GTE Federal Credit Union has teamed up with Major League Baseball's Tampa Bay Devil Rays. As participating sponsor the $1.5 billion credit union will have a presence on Devil Rays television broadcasts and signage and ATM locations at Tropicana Field. In addition, GTE FCU will offer financial...
WEST PALM BEACH, Fla. - A recent IRS private letter ruling regarding deferred compensation plans continues to spark the interest of many attorneys. Credit Union Times has received e-mails and phone calls from at least a dozen attorneys wanting to know more about the April 9 letter involving an FCU's...
Credit unions have never had to worry about as many electronic threats as they do today - fortunately there are plenty of solutions and techniques to keep systems secure. Pages 22-24.
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