• Proposed corporate credit union reg has a lot of what corporates were looking for

    ALEXANDRIA, Va. - Corporate credit unions can't be compared to other financials, that's the message corporate CUs wanted NCUA to get loud and clear when amending the corporate CU reg, Part 704 - it looks like NCUA listened. "It appears that the concept of Reg-Flex has permeated this proposed rule,"...

  • Two credit union facilities destroyed; all credit union employees survive

    MADISON, Wis. - Facilities of two credit unions located at the World Trade Center were completely destroyed by the terrorist attacks involving two hijacked jetliners, but at press time it appears that all credit union employees survived. According to CUNA Mutual, which provides bond and other insurance coverage to the...

  • CU House ready for opening, though delayed

    WASHINGTON-Credit Union House is awaiting its grand entrance-or entrants, from the building's perspective-into the credit union community, according to Credit Union House Manager Kyle Noble. A ribbon cutting ceremony was originally scheduled to take place September 11, but it was postponed due to the bombing of the Pentagon and subsequent...

  • Los Angeles Firemen's Credit Union sets up assistance fund for fallen NYC firefighters

    PASADENA, Calif. - Los Angeles Firemen's Credit Union has established a NYC Fallen Firefighters Fund to assist the families of the firefighters affected by the terrorist attacks on the World Trade Center. The credit union said the fund will help the New York City "fire family" cope with short-term and...

  • Cast your vote in Credit Union Times' latest online voting poll

    WEST PALM BEACH, Fla. - Visitors to Credit Union Times' Web site (www.cutimes.com) will find a new voting poll focusing on credit union-to-mutual savings bank mergers. The total number of such mergers is only 15, however activity has picked up in the last few years, with seven currently pending. The...

  • NACUSO Fall Leadership Conference still on

    NEWPORT BEACH, Calif. - Even though at presstime airports were still closed for flights and there was no word when planes would fly again, NACUSO announced on Sept. 12 that its Fall Leadership Conference planned for Sept. 19-21 in Kapolei, Hawaii was still on. "Many members of our board including...

  • EAST

    D.C. Credit Union League, Alexandria, Va., has named Edwin B. Wills, vice-president for District of Columbia Credit Union League operations. SSA Baltimore Federal Credit Union, Woodlawn, Md., has appointed the following officers to its board: Bernice Chase, president; Marti Peyton, first vice president; Donna Jackson, second vice president; Stanley Kluckwski,...

  • Large Connecticut FCU converts to state charter

    WILTON, Conn. - Mutual Security FCU, the sixth largest federal credit union in Connecticut, was approved by the office of the State Banking Commissioner to convert to a state charter. The name of the credit union will be Mutual Security Credit Union. MSCU has $100.8 million in assets and serves...

  • Get your organization's 2002 meetings noticed in Credit Union Times

    Want to get the word out about your organization's 2002 meetings and events? Credit Union Times can help. Credit Union Times' annual Association Meeting & Events Calendar issue has become the industry's guide to credit union meetings and events. Many readers file this issue in a handy place, referring to...

  • Decline in tax rates increases interest in Sub S banks, but significant barriers exist

    CHICAGO-According to a recent study performed by Grant Thornton LLC, banks and thrifts electing to switch to Subchapter S status are increasing for the first time since the 1997 tax year. However, the national study of more than 8,000 banks shows that banks still have several roadblocks to overcome. As...