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ALEXANDRIA, Va.-Federal credit unions located outside Texas, but having members residing in that state, must comply with the Texas Debt Collection Act. NCUA does not want to preempt state laws regarding portions of credit transactions primarily governed by federal laws other than the Federal Credit Union Act, according to Associate...

ARLINGTON, Va. - Almost two months after it posted a recruitment notice on the NASCUS Web site for a president/CEO and began running help wanted ads in various trade and national newspapers, a seven-member search committee is hopeful its assignment will be completed by the target date of the end...

REDWOOD CITY, Calif. - Barry Jolette, CEO of San Mateo CU here not only relinquished his seat as CUNA Chairman at the association's Future Forum conference in October, but he also stepped down from serving on the CUNA Board entirely. Traditionally the CUNA chairman remains on the board for the...

WASHINGTON-Following up on the General Accounting Office report (03-971) released this year, lawmakers have taken GAO's recommendations to heart. The omnibus appropriations package for fiscal year 2004 directs the Federal Trade Commission to enforce most of the privately insured credit union-related provisions in the Federal Deposit Insurance Corporation Improvement Act...

WEST PALM BEACH, Fla. - Corporate credit unions seem to break out of a different mold each year. 2003 was no different. Competitive turf battles continued this year. For example, Corporate Central CU opened an office in Minnesota to market to Minnesota CUs. This was not to the liking of...

Looking back on 2003, it is difficult to identify one event as the most significant for credit unions; rather, I would say there were a series of critical events that make 2003 not only a year to remember but one that was particularly productive for the credit union community. As...

WASHINGTON - The U.S. Treasury Department's Community Development Financial Institutions Fund has been a reliable supporter of community development credit unions for almost a decade. Since 1995, CDCUs or organizations that work with them like the National Federation of CDCUs, have received over $30 million dollars from the CDFI Fund....

DENVER - Aimbridge Indirect Lending, one of five divisions of The Aimbridge Group, has launched an indirect lending program with five credit unions in Michigan. The participating credit unions are: DFCU Financial, Dearborn; Credit Union One, Ferndale; Michigan First CU, Detroit; Royal Oakland Community, Royal Oak; and SOC Credit Union,...