• NCUA announces April charter activity

    ALEXANDRIA, Va.-NCUA steamed ahead in April continuing with select employee group (SEG) additions for multiple common bond credit unions. The regional directors approved 1,252 SEG expansions in April. Community charter conversions are becoming increasingly popular with seven approved in April for a total of 1,604,263 potential members. One community expansion...

  • Colorado DFS to hold public hearings on changes to merger regulations

    DENVER - The Colorado State Financial Services Board plans to hold a public hearing July 13 to consider the final adoption of regulations of the Colorado Division of Financial Services pertaining to credit union mergers. If the proposed rule is adopted, it will require credit unions interested in merging to...

  • Texas league's CUER closes San Antonio branch, cites low market demand

    SAN ANTONIO - It started out four years ago with the best of intentions to provide staffing services to credit unions in the area, but on June 30 the San Antonio branch of Credit Union Employment Resources (CUER) will close its doors for business. Carmela McDermott, assistant vice president for...

  • Texas, Michigan Leagues win "Best of Show"

    MADISON, Wis. - The Texas Credit Union League's Texas/Mexico Credit Union Relations program and the Michigan Credit Union League's Joint Advertising Board campaign were honored with Best of Show awards at CUNA's 2001 Pro and Blockbuster Awards ceremony. Judges selected TCUL's Texas/ Mexico Credit Union Relations program as Best of...

  • uMonitor looking to partner its way into the credit union space

    GERMANTOWN, Tenn. - There's wireless, and then there's aggregation. In the case of uMonitor, the two go hand-on-hand. uMonitor, an account aggregation firm, built its product from day one to be run on wireless devices. uMonitor President/CEO Dinesh Sheth, who founded uMonitor, has a strong wireless background. He was the...

  • Retaining servicing is critical

    Great article in the May 30 issue of Credit Union Times, "Retained servicing not just for large credit unions anymore." A mortgage is more than a financial instrument - it is a member relationship. Credit unions should not sell servicing unless the buyer is willing and able to service the...

  • Texas Credit Union Foundation leads Houston disaster relief efforts

    HOUSTON, Texas - If calamity is man's true touchstone, the Great Flood of 2001 has certainly tested the mettle of the credit union community here and throughout the state. Over a two-day period-June 9 and 10-Tropical Storm Allison caused massive flooding in more than 28 Texas counties near the Gulf...

  • Wright-Patt CU hosts Clark Howard book signing

    FAIRBORN, Ohio - Consumers flocked to Wright-Patt Credit Union for tips from a Consumer Warrior. Wright-Patt CU has recently hosted author/Consumer Warrior Clark Howard's book signing. "We are committed to educating members by providing opportunities for them to gain financial knowledge," said Wright-Patt CU Vice President of Business Development Roz...

  • Oberthur and Litton to supply 600K smart cards to DoD

    LOS ANGELES - Smart card supplier Oberthur Card Systems and Litton PRC, a smart card integration firm, have been awarded a contract to supply an additional 600,000 Common Access ID chip cards to the Department of Defense (DoD), bringing the total to 700,000 cards for the past year. The chips...

  • Bankruptcy reform stuck in neutral

    WASHINGTON-Senate Majority Leader Tom Daschle (D-S.D.) has expressed his interest in naming conferees to the bankruptcy reform legislation, but he will not be able to until the Senate reorganization is complete, which does not look so promising. According to CUNA Vice President and Senior Legislative Counsel Gary Kohn, "Hopes of...