• CUNA alerts lawmakers of Renaissance Commission; ABA warns of taxation

    WASHINGTON-As part of CUNA's efforts with the Renaissance Commission, President and CEO Dan Mica penned a letter to his former colleagues on the Hill, explaining the commission and its goals. The letter explained that while the Gramm-Leach-Bliley Act helped to modernize other federal financial institutions' laws and regulations, credit unions...

  • Hughes Aircraft Employees FCU is now Kinecta

    MANHATTAN BEACH, Calif. - It's not changing its name to evolve into something different, it's changing its name to reflect what the credit union has become. That's the message Hughes Aircraft Employees FCU wants its members to get loud and clear. After 61 years with the Hughes name, the credit...

  • Participation loans not just for small credit unions

    SAN FRANCISCO, ANAHEIM and CHATSWORTH, Calif. - When it comes to being able to make member business loans, a credit union's looks can be deceiving. Take Patelco CU in San Francisco, for example. As the fourth largest credit union in California, it would be easy to assume the credit union...

  • Lawmaker, consumer groups criticize privacy notices

    WASHINGTON- With privacy notices becoming mandatory July 1, many consumer groups and at least one lawmaker are bringing their concerns to light about the financial services industry's privacy notices. The privacy notices are required under Title V of the Gramm-Leach-Bliley, which was signed into law in 1999. Congressman John LaFalce...

  • Identity theft reports soaring

    WASHINGTON - The number of reported identity theft is on the rise. According to a semi-annual report, Suspicious Activity Report Activity Review-Trends, Tips and Issues, issued jointly by regulators and financial services trade associations, in 2000 between January and November 657 reports were filed citing identity theft, compared to only...

  • SPECIAL REPORT: Data Processing & Technology

    One CU core processor has just made the transformation to a completely Windows-based solution; small credit unions are utilizing tech tools to offer members big-time services; e-statements are hitting the mainstream; there's a tech showdown set for Texas. These are just some of the issues covered in this Data Processing...

  • Community charter convinces Iowa CU to rethink facilities expansion plans

    AMES, IOWA - A growing membership base, a new regional development plan and a community charter have reordered priorities for one of Iowa's largest credit unions. ISU Community Credit Union had planned to remodel its existing downtown office this year and open a full-service branch next year. But a burst...

  • SOUTH

    Fort Jackson Federal Credit Union, Columbia, S.C., has promoted Audrey Brown to assistant vice president of marketing and Robin Vaughn to Northeast branch manager. IBM Southeast Employees Federal Credit Union, Boca Raton, has named Alex Yarnall marketing/brand manager. Army Aviation Center Federal Credit Union, Daleville, Ala., has appointed the following...