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ALEXANDRIA, Va.-In a brief meeting last Thursday, NCUA issued a proposed rule to allow federal credit unions to invest in exchangeable collateralized mortgage obligations (CMOs). If the rule becomes final as proposed, it will permit all federal credit unions and corporate credit unions to invest in exchangeable CMOs that represent...

WASHINGTON-Congressman Brad Sherman (D-Calif.) said that if he had his druthers a bill covering secondary capital for credit unions would be introduced immediately, but in the real world, he feels the best strategy is to wait for the General Accounting Office's report on the issue. He added that he hoped...

TAMPA, Fla. - MacDill Federal Credit Union has bought 25 acres in Brandon, Florida with plans to start construction on a $20-million headquarters in April. The CU is currently located in Tampa. The credit union, which has swelled to more than 165,000 members, said it has outgrown its 60,000-square-foot headquarters....

Community Credit Union, Plano, Texas, has named Patrick Ramsier managing director of commercial lending.

ST. LOUIS- Kevin Brueseke, an 18-year veteran with the Missouri Credit Union Association including its chief financial officer, was named chief operating officer for the association by MCUA President/CEO Rosie Holub. As COO, Brueseke assumes more of MCUA's operating duties, while retaining his responsibilities of CFO. MCUA said his appointment...

PORTLAND, Ore. - Northwest Corporate Credit Union said it paid out over $126,000 last year in rebates to member credit unions who are part of its Relationship Pricing Program. This program rewards the corporate's most loyal members by offering rebates on fee-based services. It looks at the number of fee-based...

ANKENY and WATERLOO, Iowa - Deere Community Credit Union is poised to merge with $848 million John Deere Community Credit Union on June 1. DCCU President Dennis Skelton said the merger with John Deere, the largest in the state with more than 104,000 members, means more branches, more resources and...

It started with simple share accounts; then share drafts, IRAs, CDs and others joined the credit union's growing menu. Perhaps it was only natural that the Internet explosion would spawn the newest type of account: the e-account. Though the requirements, services, and even the names may vary tremendously from one...