Search Results

My jaw literally dropped when I visited www.cutimes.com and learned that the CEO of $1.6 billion asset Portland Teachers Credit Union earned $1.6 million in salary and bonuses last year. Have I just awakened from a Rip Van Winkle experience? When did credit union CEOs start making these bank-like earnings?...

WASHINGTON - With identity theft on the rise, when Congress returns to session after Labor Day the Social Security Number Privacy and Identity Theft Prevention Act of 2003 (H.R. 2971) may reach the House floor for a vote. "The wide availability and easy access to this very personal information has...

PORTLAND, Ore. - Looking back, Northwest Corporate bringing corporates into the world of helping their member credit unions serve business was a good move to say the least. When Northwest started the CUSO - CU Business Group - a few years ago it was a first for corporates. The gamble...

COLUMBIA, S.C. - Credit union service organizations are nothing new, but emerging on the scene now are a new breed of CUSOs that are extending the "do-it-yourself" attitude and aptitude to the world of new technology delivery. "One of the most positive trends in credit union technology has been the...

ARLINGTON, Va. -The Appeals Court of Massachusetts has reversed a previous court ruling and declared that the $128 million Postal Community Credit Union, headquartered in East Boston, Massachusetts, cannot change its charter to that of a mutual bank. The Court found that the Commissioner of Banks' argument that the Commonwealth's...

SAN DIMAS, Calif. - WesCorp has declared August Check 21 month, and it is planning a lot of education efforts to get member questions answered. Check 21 of course is the law that encourages electronic image exchange. Corporates and item processors throughout the country have been gearing up for the...

BISMARCK, N.D. - Highmark FCU recently completed a $2.97 million transaction through Midwest Corporate FCU's CARPooL program. The CARPooL program is a Charlie Mac product that corporates offer their member credit unions. The $2.97 million transaction allows Highmark FCU to clear its balance sheet and offer new loans. "A strategic...

When I joined the corporate credit union network just over 10 years ago, I was basically unaware of this segment of the credit union system. Of course, I was familiar with my local corporate, but I had never actually heard of the "corporate credit union network" as such, or of...