Filter This View

  • Goldenwest's Clarke lambastes UBA's Headlee for remarks on female CU CEOs

    SALT LAKE CITY - Arrogant. Goldenwest President/CEO Shelley Clarke needed only one word to describe her impression of the attitude conveyed by Howard Headlee, president, Utah Bankers Association in his remark quoted in an article that ran in the Aug. 12 edition of the Salt Lake Tribune on women holding...

  • Surging deposits, sluggish lending the story of 2001 stats thus far

    ALEXANDRIA, Va. - NCUA's mid-year stats show CUs are being inundated with deposits, while lending has slowed considerably - and oh by the way, credit unions are nearing the $500 billion asset milestone. With deposits jumping by 9.7% in the first half of 2001, and loans inching along at just...

  • Givens named new CEO of Mazuma Credit Union

    KANSAS CITY, Mo. - Robert Givens has been named to succeed Nancy Pierce as CEO of Mazuma Credit Union. After 25 years of service to the credit union industry, 13 of which were spent as president of the $213 million credit union, Pierce plans to retire in September to complete...

  • Connecticut's Stamford Municipal Employees FCU converts to state charter

    STAMFORD, Ct. - Stamford Municipal Employees FCU was approved by the state Department of Banking to convert to a state charter. The credit union will be known as Stamford Credit Union. It is the first federal-to-state charter conversion to be approved by the Department of Banking since the former Sikorsky...

  • DONATIONS

    Heritage Community Credit Union, Sacramento, Calif., has raised $1,608 for Families United, a non-profit foster family agency that recruits and trains foster parents to care for children whose families can no longer do so. Families United also provides counseling services for the children and their foster families. To raise the...

  • Take expanded incidental powers slowly, advises NACUSO's Dorsa

    NEWPORT BEACH, Calif. - NACUSO President Bob Dorsa prefers to look at the glass half full when it comes to federal credit unions' expanded incidental powers. When he reflects on the NCUA Board's unanimous decision at its July 26 meeting to allow federal credit unions to apply for and add...

  • Social fund assets in the U.S. may top a trillion dollars over next decade, study reports

    NEW YORK - On Aug. 8, 1971, two ordained ministers, a lawyer and a businessman launched the first socially responsible mutual fund, the Pax World Fund, which is now the Pax World Balanced Fund. Pax World Funds celebrated its 30th anniversary on Aug. 9 by issuing a report on the...

  • CUES to conduct its first-ever credit union staff salary survey

    MADISON, Wis. - CUES' credit union executive compensation survey is well-known, but now the association said it is going to conduct its first-ever salary and bonus survey of credit union staff positions. CUES will partner with Survey Research Associates LLC, Madison, Wis., to survey more than 80 CU staff positions....

  • Dollar plans proposal to cut staff by 4%

    ST. PETERSBURG, Fla.-Acting NCUA Chairman Dennis Dollar told a group of agency managers last week that he would strive for a minimum 4% reduction in NCUA staffing. As autumn draws near, it's once again time for NCUA to consider its budget, which could be considerably affected by the move. Earlier...

  • 401k balances remain unchanged despite volatile markets, study reports

    WASHINGTON - The average account balance for participants in 401(k) plans in both 1999 and 2000 has remained essentially unchanged, according to a recent report by the Investment Company Institute (ICI) and the Employee Benefit Research Institute (EBRI). At year-end 2000, the average account balance of the 8.3 million individuals...