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  • Former NCUA public information officers host farewell party for Loftus; welcome Northup

    WASHINGTON - Former NCUA Public Information Officers hosted a luncheon honoring recently retired Public & Congressional Affairs (PACA) Director Robert E. Loftus and welcoming new PACA Director Clifford R. Northup. Shown here (from left) are Northup, Loftus, Joan Pinkerton-Filson, currently Press Officer for the National Association for Business Economics and...

  • Reg alert warns CUs to review business lending practices

    ALEXANDRIA, Va.-NCUA issued a regulatory alert to credit unions regarding the Federal Trade Commission's (FTC's) revised ruling on obtaining consumer credit reports in relation to business loans. The new interpretation, under the Fair Credit Reporting Act (FCRA), affects credit unions providing credit to someone for business purposes or to a...

  • NAFCU nominates Brick to FASB advisory committee

    ARLINGTON, Va.-NAFCU named U.S. Central Federal Credit Union Senior Vice President and Chief Financial Officer Kathryn E. Brick as its nominee to the Financial Accounting Standards Advisory Committee (FASAC). According to NAFCU's letter of nomination, Brick has vast experience in financial reporting and financial institutions, both for profit and not-for-profit....

  • Consumers still looking for that personal touch

    ST. LOUIS - A Maritz Research Corp. telephone survey finds that only 4.4% of respondents use Internet banking to conduct a financial transaction. In terms of popularity, physical branches are still the reigning champions with 47.2% of respondents choosing that delivery channel; followed by ATMs at 18%. The finding suggests...

  • Calif. Gov. Davis receives league-backed deposits bill

    SACRAMENTO, Calif. - Legislation supported by the California Credit Union League that would give state and local governmental agencies that are already allowed to deposit funds in banks and savings and loans the option of depositing funds in credit unions has cleared the state Senate and is on its way...

  • Credit Union Times Vol. 10, No. 37 September 15, 1999

    Looking back two years ago finds Fed Chairman Alan Greenspan advising the House Banking Committee that the Fed can no longer justify the $81,720 price tag of its "Annual Report to the Congress on Retail Fees and Services of Depository Institutions." According to Greenspan the study is no longer needed...

  • Hold off disclosure of Renaissance recommendations

    While the Renaissance Commission attempts to justify the elimination of many qualities that make up the unique character of credit unions, CUNA President/ CEO Dan Mica sends a copy of the Commission Recommendations to each member of the Senate and House. At best the disclosure is premature and potentially damaging....

  • Redefining retirement

    WASHINGTON - A report released by the American Association of Retired Persons finds that people age 50-61 view retirement as more of a lifestyle change. The findings are interesting in light of CUNA statistics that say 20% of the nation's CU CEOs are expected to retire in the next five...

  • VENDORS

    PWCampbell, a design/build firm, has promoted Valerie Bray to interior design director. Southwest Business Corporation, an insurance, investment and mortgage loan service provider, has named Gary Linder vice president of the employee benefits division. Marketing Partners, a marketing agency, has named Heather Sylak marketing consultant. Assurant Group, an affinity marketer...

  • Portland Teachers CU partnership with local mortgage company enhances its mortgage loan portfolio

    PORTLAND, Ore.- Portland Teachers CU (PTCU) considers its recently announced partnership with Portland Mortgage Company a natural. Portland Teachers CU, founded in 1932 and one of the state's oldest CUs, holds claim as the largest CU in Oregon, with assets exceeding $1.1 billion and more than 136,000 members. Portland Mortgage...