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  • First effort by survey consortium says CU sites used mostly for account access

    WASHINGTON - Members use their credit unions' Web sites to do their banking, not for surfing the Net. And putting some in-house advertising on the home banking pages of the Web site might be a good marketing strategy. Those are just two of the findings from the first round of...

  • NASCUS calls meeting with Deloitte on overhead transfer practice productive

    WASHINGTON - By its own admission, NASCUS' recent meeting with representatives from Deloitte & Touche to discuss the approach the firm will take in its independent study of NCUA's overhead transfer rate funding formula, went better than NASCUS expected. NASCUS President/CEO Doug Duerr admitted he was "concerned" going into the...

  • Profound Communications presented Marketing Brilliance Award

    COLUMBUS, Ohio - Profound Communications, Inc., a full-service strategic marketing firm, has been recognized by the Ohio Credit Union League for its Financial Facts newsletter with the Marketing Brilliance Award. The publication educates credit union members about financial topics such as investing, money management, and lending. The award was presented...

  • Subchapter S blips onto Senate radar screen; CUNA, NAFCU support tax friendly bank bill

    WASHINGTON-President George W. Bush's tax package may receive most of the media coverage, but it's not the only tax relief bill that has been placed before Congress. After months of stalling in the House, legislation to expand subchapter S tax provisions for closely held-those with fewer than 75 stockholders-banks and...

  • DONATIONS

    Alaska USA Federal Credit Union has donated $11,905 to the Children's Miracle Network. This donation will benefit Providence Children's Hospital in Anchorage and the Children's Hospital and Regional Medical Center in Seattle. The funds were raised through sales of over 4,500 CMN holiday music CDs with a 100% matching corporate...

  • EAST

    Chartway Federal Credit Union, Virginia Beach, Va., has named William Phillips sales manager for its General Booth, Holland Windsor Crossing and Lynnhaven branches. Virginia Credit Union, Richmond, has appointed the following officers to its board: Neila L. Gunter, chairman; Robert L. Suthard, vice chairman; and Raymond D. Vaughan, secretary/treasurer. In...

  • Credit union boards get the go ahead on delegating dividend setting authority

    ALEXANDRIA, Va.- Federal credit union boards received some good news in this rapidly changing rate environment. In a recent legal opinion letter, NCUA Associate General Counsel Sheila Albin amended an earlier opinion letter from NCUA to allow federal credit union boards of directors to delegate their authority to set the...

  • CENTRAL

    Kansas Credit Union Association, Wichita, has appointed the following members to its board: Hutchinson CU president Garth Strand, chairman; Fort Leavenworth CU President Bill Hauber, vice chairman; Aviation Associates CU President Lee Williams, secretary/treasurer; David Collins, director; Vickie Hurt, director; and Karen Brehm, director. In addition, KCUA has appointed the...

  • Trinket marketing in credit union land

    WEST PALM BEACH, Fla. - For the latest in trinkets, gadgets, gizmos or even fashion attire look no further than your local credit union. According to Promotional Product Business Magazine Editor Lisa Horn, the increased popularity comes from promotional products being upgraded to mirror the quality available in the retail...

  • Missouri Credit Union Commission rules for CUs, against bankers

    JEFFERSON CITY, Mo. - The Missouri Credit Union Commission's unanimous decision May 24 upholding an earlier field-of-membership expansion decision by the director of the state's Division of Credit Unions for Springfield Telephone Employees CU came as no surprise to the credit union nor the Missouri Credit Union System. After all,...