ARLINGTON, Va. - NAFCU's March Flash Report zeroed in on what credit union officials expect of their institution for the remainder of the year. More than half of those surveyed (54%) said they believed loan growth would increase for 2004 over 2003. A quarter forecast similar loan growth, while 21%...
Texas Dow Employees Credit Union, Lake Jackson, Board Treasurer Tony Hlavaty has been appointed to serve as a Trustee for League District 13 on the Texas Credit Union League's Political Action Committee. Oklahoma Federal Credit Union, Oklahoma City, has appointed Tim DeLise president/CEO. In addition, the credit union has elected...
Life is full of contradictions. So is the world in which credit unions operate. Here are just a few of the many out there. Banking industry lobbyists would have everyone within earshot believe that the dramatic growth of credit unions has severely impacted banks. The wildest accusations against credit unions...
Responding to the recent rhetoric coming from the ABA, I'd like to submit my "two cents" to the on-going debate on the tax-exempt status of credit unions and the NCUA's commitment to serving all credit union members. The very first credit unions served whole communities, mostly agrarian, and only much...
WASHINGTON-The American Bankers Association has learned that criminals are using their name in an attempt to obtain financial information from consumers via e-mail. ABA is warning all consumers that the e-mail is not from them, nor would ABA ever request such information. The scam is similar to the one that...
HARRISBURG, Pa.-Pennsylvania State Employees Credit Union is seeking the approval of its membership to enter into business lending as required of state charters under Pennsylvania law. According to PSECU CEO Greg Smith, the $2.2 billion credit union will begin offering member business loans and other services in July if approved....
WEST PALM BEACH, Fla. - Could there be a "silent productivity killer" waiting to strike at your credit union? According to the National Alliance for Caregiving, one of every four households currently provides care for an elderly relative. With the "sandwich generation" - those employees who have both children and...
As this graphic from TowerGroup and the CERT Coordination Center shows, general security threats online have escalated quickly. Additionally, the Internet Crime Complaint Center (IC3) says it processed more than 120,000 complaints in 2003 (up from 48,252 in 2002). The Federal Trade Commission also has recorded a steep increase in...
LANSING, Mich. - State Employees Credit Union's Training and Development Department has partnered with BEI Consulting to win the International Society for Performance Improvement Michigan Chapter's 2003 Outstanding Award of Excellence. The credit union was recognized for its Assessment Center Pathway to Success program, which involved the design, development and...
WASHINGTON - The House Financial Services Subcommittee on Housing and Community Opportunity, chaired by Rep. Robert Ney (R-Ohio) will consider the "Zero Downpayment Act" at a hearing scheduled for March 24. Introduced by Rep. Patrick Tiberi (R-Ohio) in February, H.R. 3755 would eliminate the downpayment requirement for families and individuals...
