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WASHINGTON - A recent study from the Filene Research Institute, Differences in Bank and Credit Union Capital Needs, found credit unions have significantly lower capital needs than do banks. The study also found that credit unions, in general, fare better in economically bad times than banks. "I agree with the...

I usually enjoy Mike Welch's publisher's column even if I don't always agree with all of his views. For instance, I do take exception to his views on long-time directors in his column of January 30th. Many of the directors on our board have served 20-plus years. We may be...

FITCHBURG, Mass. - Forget the expression "Never on Sundays." Workers' CU has decided to open one of its branches on Sunday for five hours. Starting Feb. 17, the CU's Twin City Branch in the city of Leominster is open Sundays 10 a.m. to 3 p.m. Workers' CU President/ CEO Frederick...

Riverside County's Credit Union, Calif., has named Gerry Agnes senior vice president. Redwood Credit Union, Santa Rosa, Calif., has named Christine Bowers and Clark Matthiessen financial advisors of its subsidiary RCU Services Group.

FEDERAL WAY, Wash. - In a sale of charged-off loan portfolios totaling more than $5.1 million, 12 West Coast credit unions earned $232,000 with the promise of additional funds over the next three years. Credit unions in Washington, Oregon and California which participated in the sale earned 4.5 cents on...

WASHINGTON - The original 20 credit unions that aligned to form Trust for Credit Unions nearly 15 years ago faced a marketing conundrum during a time when mutual funds were green to the industry and skepticism lingered. Thanks to some heavy pavement pounding in the early days and "strong yields,"...

WASHINGTON - CUNA President Dan Mica and other senior CUNA staff briefed Roger Ferguson, Vice Chairman of the Federal Reserve, on credit union health in the slow economy and a number of different credit union issues, according to CUNA staff who attended the meeting. "Senior Fed officials have relatively little...

Security Service Federal Credit Union, San Antonio, Texas, has promoted Howard N. Baker II to senior vice president/chief of staff.