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"In general I believe that if a section of the law has become obsolete or counterproductive it should be removed or brought up to date and I think that should be the goal of regulatory reform." - Senator Debbie Stabenow (D-Mich.) to the CUNA GAC on her support for the...

BURBANK, Calif. - Lockheed FCU has become the tenth billion-dollar CU to join Credit Union Direct Lending. As a result of the $1.3 billion in assets CU joining the CUDL program, Credit Union Direct Lending will be available to Lockheed's more than 97,500 members in California and New Hampshire through...

Ohio Credit Union League, Dublin, has announced that the Summit Chapter has raised $14,234.99 for the Warm the Soles of Kids program. The program supplies new shoes for needy children. Shoes are distributed through the Red Cross, Salvation Army, United Way agencies and school counselors. One hundred percent of the...

WASHINGTON - NCUA Board Chair Dennis Dollar invited credit unions to make proposals to NCUA about alternative capital and how to "buffer" their net worth. Speaking to the CUNA GAC, Dollar said the September 11 attacks illustrated the reality that being federally insured matters in a crisis and that the...

ALEXANDRIA, Va - NCUA will ask credit unions for new and different information on its 5300 Call Report in 2002, a recent letter from Dennis Dollar, Chairman of the NCUA board said. The principle changes have to do with asking for more data from credit unions on loans they hold...

MADISON, Wis. - A recent TowerGroup report finds that credit unions shouldn't dismantle their branches just yet. "Despite massive innovation in the delivery providers, the humble branch still remains the center of any delivery system. Even households that have embraced the most advanced channels continue to use branches on a...

WALTHAM, Mass. - Fulfillment Plus, Inc., a provider of customer relationship management, teleservices and fulfillment services, has developed a web-enabled call center recording system that creates a permanent voice record of inbound and outbound call center calls. The FFP system includes order processing, customer support, order fulfillment, and consumer promotions....

WASHINGTON - From a new CUNA program to stated Congressional support, the drive for credit unions to get deeper into business lending was around every corner at CUNA's Governmental Affairs Conference. CUNA's Business/SEG Services Committee unveiled a package of business lending resources to assist credit unions in offering members small...