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  • CUs breaking the asset barrier

    WEST PALM BEACH, Fla. - More credit unions are hitting new asset growth milestones. Jacksonville, Fla.-based Educational Community Credit Union, Sunnyvale, Calif.-based Star One Credit Union, and Indianapolis-based Indiana Members Credit Union are the latest to reach new asset plateaus. ECCU has grown to $508 million in assets. Crediting its...

  • Credit unions adding underserved communities at unprecedented rate

    ORLANDO,Fla.-America's federal credit unions are expanding service to underserved and low-income communities at an unprecedented pace, according to NCUA Acting Chairman Dennis Dollar. Appearing on a Web cast at the NAFCU Annual Convention, the Dollar said that in the first six-months of this year, there have been more than 4.9...

  • What CUs can learn from Fiserv's re-design?

    Here's what Level 9 thinks CUs should be concentrating on when relaunching their Web sites. 1. Leverage existing efforts. It is not necessary to spend great sums of money in order to retrace the correct developmental steps. The thought process itself is not inherently costly. In fact, it is part...

  • Bank of America lends Latino Community CU a helping hand

    CHARLOTTE, N.C. - Bank of America has committed $240,000 to Durham, North Carolina-based Latino Community Credit Union to help jumpstart its opening. Crime against Hispanics here is on the rise. With many Hispanics keeping their money in their pockets or at home, they are becoming easy targets. Bank of America...

  • Hoping for CU startups, Nev. League issues manual

    LAS VEGAS - Hoping to encourage new credit union formations in the state, the Nevada Credit Union League has issued a 31-page manual guiding interested residents in chartering new state or federal credit unions. "It's been more than five years since the last credit union was started in our state,...

  • Bankruptcy abuse reform legislation back on track with a little help from its friends

    WASHINGTON-Senator Harry Reid (D-Nev.) filed a motion to proceed with the bankruptcy reform legislation (S. 420/H.R. 333) conference to iron out the differences between the House and Senate bills last week. This should make way for the naming of conferees any time now, but opponents have other plans. Senator Paul...

  • If safer, consumers would spend more online

    MAITLAND, Fla. - According to a recently released Star Systems survey, about 50% of Web shoppers would spend more online if new security technologies were in place. Approximately three-quarters of respondents said they shop online, but worry about security, and one-third of them said they limit their online purchases because...

  • MBA backs restarting multifamily mortgage insurance program

    WASHINGTON - The Mortgage Bankers Association has urged the Senate to approve legislation that will restart the Federal Housing Administration's multifamily mortgage insurance program. According to the MBA, the program would encourage the development of more that 50,000 rental units in 33 states and the District of Columbia. The Senate...

  • Credit union CEO base salary, total compensation grew slower in 2001 than 2000, but still strong

    MADISON, Wis. - In terms of salary growth, 2001 proved to be a very good year for credit union executives. This year is slightly off from 2000, but not by much. According to the 2001 CUES Executive Compensation Survey, the base salary of credit union CEOs increased by about 8.05%...

  • ABA sends letter to Congress countering Renaissance Commission

    WASHINGTON-The American Bankers Association (ABA) sent a letter to each member of the Senate and House of Representatives slamming CUNA's Renaissance Commission report and subsequent letter to the Hill. According to the bankers, the Commission's report flies in the face of congressional intent and the ABA renewed its call for...