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Corporates' Solid Growth Now Three-years Strong

Staff Writer | March 30, 2004

WASHINGTON - It's been a good three years for the nation's 29 corporate credit unions. As of year-end 2003, total assets in the network stood at $73.8 billion, up 7.1% over 2002. But looking from year-end 2000 to year-end 2003, assets in the network are up 86%. Corporates, who are...

XCU Capital Corp. Adds New Shareholders

Staff Writer | March 30, 2004

CARLSBAD, Calif. - XCU Capital Corp. has recently added four new credit unions to its list of shareholders. The credit union-owned broker dealer has added Eli Lilly Federal Credit Union, Hawaii Community Federal Credit Union, Northeast Credit Union and USE Credit Union bringing the total number of shareholders to 17....

Credit Card Grace Period Contracts Steadily; Can CUs Keep Their Advantage?

David Morrison | March 30, 2004

ARLINGTON, Va. - Can credit unions maintain and exploit an apparently growing difference between their own card programs and those of other issuers? While consumers have long been familiar with the notion that credit unions' customer service for cardholders exceeds that provided by other card issuers, relatively few may yet...

PALS Workshop to Showcase Small Business Services

Staff Writer | March 30, 2004

ALEXANDRIA, Va. -NCUA hosted a Partnering and Leadership Successes workshop last week on how to better serve small businesses and their smaller capital needs. More than 230 credit union representatives signed up to attend NCUA Board Member Debbie Matz' free workshop March 25. She co-hosted the conference with NCUA Vice...

DONATIONS

Staff Writer | March 30, 2004

Tobyhanna Army Depot Federal Credit Union, Scranton, Pa., staffers have donated their time to the St. Francis of Assisi Soup Kitchen. Volunteers helped serve the lunchtime rush. Laurel Federal Credit Union, Mont., has sponsored an event with local seniors to raise funds for a new Senior Center in Columbus. The...

ACB Chairman's Comments Out of Place

Staff Writer | March 30, 2004

Don't' let us down, Mike. You must have something to say about America's Community Bankers Chairman William Zuppe stating "now we've got some bullets in our gun" as reported on the front page of the March 17th issue of Credit Union Times ("Credit Unions Had Bankers All Fired Up at...

CU Delinquencies Down in 2003, but Charge-Offs Remain High

Staff Writer | March 30, 2004

While credit union delinquencies were down last year in several categories, charge offs increased. The stats are included below. Many charge offs are due to bankruptcies. Credit unions and other lenders are working to get H.R. 975, the Bankruptcy Abuse Prevention and Consumer Protection Act of 2003, signed into law.

News

Reaction to House Reg Relief

Staff Writer | March 30, 2004

Just how much effect Congress' passage of its version of Reg Relief will have on the Senate bill or on CURIA still remains to be seen. See page 10 for some perspectives.

Former Boston Bruin to Bring Leadership Lessons Learned to EasCorp, ALM First Partnership Confab

Staff Writer | March 30, 2004

WOBURN, Mass. - Former Boston Bruin Gord Kluzak will bring the leadership lessons he learned during his eight-year run as a defenseman in the National Hockey League to this year's EasCorp and ALM First Financial Advisors' Partnership Conference. Kluzak now works as an investment professional in private wealth management at...

FSCC Adds Four More CUs In the Northeast

Staff Writer | March 30, 2004

SAN DISMAS, Calif. - Financial Service Centers Corporation, the national shared branching network headquartered on the West Coast of the U.S., has added four more credit unions in the Northeast. The four credit unions are the $129-million Infinity FCU in Maine, the $422-million Hanscom FCU, the $344-million RTN FCU in...