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  • Wheat preparing for departure

    ALEXANDRIA, Va.-In preparation for her departure from the NCUA Board, Board Member Yolanda Wheat has traded in her home in McLean, Va. for a condominium in nearby Crystal City. Wheat has maintained two homes, one in Missouri for the past 11 years and one in the Washington-area, since her husband,...

  • Community bankers unhappy with Wal-Mart entering banking

    WASHINGTON-The Independent Community Bankers of America (ICBA) quickly denounced the news that TD Bank Financial Group and Wal-Mart will work together to provide financial services inside the Wal-Mart stores. ICBA President and CEO Ken Guenther stated that the agreement "flies in the face of congressional determination that banking and commerce...

  • Issuing a call to credit unions

    ALBANY, N.Y. - The New York CU Foundation has established a fund to help victims of the terrorist attacks on the World Trade Center. According to NYCUF Executive Director Frank Kerbein the fund will provide "whatever financial and emotional support we can for those credit unions including their staff and...

  • Networks still functional

    NEW YORK - Despite overworked phone lines following the tragic events here and in Washington, D.C. many of the networks were still operational. Officials at VISA and MasterCard, which handle much of the nation's credit and debit card traffic, report that the telecommunications congestion did not disrupt ATM or credit...

  • AWARDS

    North Carolina Credit Union Network, Greensboro, has recognized the efforts of four individuals in the credit union movement. The 2001 Mark of Excellence Award was presented to Members Credit Union Board Chairman John Loftin and United Services Credit Union President/CEO Marsha Honeycutt. The award recognizes those individuals who have a...

  • Jersey League reaches out to New Yorkers

    HIGHTSTOWN, N.J. - With the attacks on the World Trade Center leaving countless individuals stranded in Manhattan with many of them injured, the New Jersey Credit Union Affiliates and Westwood, N.J. -based Paragon FCU are offering a helping hand. Assistance to credit unions, members and citizens of both New York...

  • Los Angeles Firemen's CU sets its own "blaze"

    PASEDENA, Calif. - The Los Angeles Firemen's Credit Union has debuted its Blazing ATM/Check card. With the new program members can withdraw up to $600 cash per day at ATMs; up to $600 per day via POS; and up to an additional $1,500 per day via signature-based transactions. "We are...

  • Large New England CUs look to help New England's smaller CUs

    MAYNARD, Mass. - Large credit unions do care about helping out smaller CUs, says Tom Ryan, senior VP/COO of the $1.4 billion Digital FCU here. "Sometimes I think there's a divide between large and small credit unions. This is an opportunity for us to give back. Quite honestly the biggest...

  • Economic impact of attacks still hazy

    NEW YORK - The terrorist attacks on the World Trade Center and the Pentagon have undoubtedly shaken Americans' feeling of security, but what has it done to their economic confidence? Economists have been pointing to strong consumer spending for keeping the shaky U.S. economy afloat, but this attack may have...

  • Banks win preliminary round in Iowa surcharge suit

    DES MOINES, Iowa -U.S. District Court Judge Ronald E. Longstaff has denied the state of Iowa's request to dismiss a lawsuit over Iowa's ban on automated teller machine surcharges filed by five national banks - Metrobank, Wells Fargo Bank, Bank of America, Firstar Bank and U.S. Bank. Filed by the...