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ALEXANDRIA, Va.-Reorganizations can cause angst among employees and NCUA is no exception. Even though NCUA's realignment and declining number of full-time equivalents has been achieved without lay-offs or Reductions-In-Force, NCUA employees decided to pursue unionizing. As of deadline, a vote by the potential bargaining unit-those eligible for union membership-was delayed...

SALT LAKE CITY - The pundits were right: Utah in 2003 would be the epicenter of those "ferocious" bank attacks on credit unions, but no one imagined the kind of tumult that eventually occurred. The tax-CU uproar-something the banking lobby has skillfully nurtured and bankrolled for years in the media...

ARLINGTON, Va. - Citing everything from a need to raise more capital to a desire to make more business loans and preserve their independence, a very small minority of credit unions continued to pursue the option of changing their charters from those of credit unions to those of mutual banks....

WEST PALM BEACH, Fla. -Depending on what happens in the future, 2003 could go down as a "turning point" year for U.S. Central. The corporates' corporate was active on many fronts, including launching a new transferable certificate product that some corporates were concerned came too close to comfort to U.S....

ALEXANDRIA, Va.-U.S. Department of Agriculture Deputy Undersecretary Gilbert Gonzalez, the front-runner to fill NCUA Chairman Dennis Dollar's seat on the board, withdrew his name from consideration earlier this year. As the nomination process dragged on, Gonzalez informed Dollar and the White House confirmed that he no longer wished to be...

WHITE PLAINS, N.Y. - Effective Dec. 10, Holly Herman was no longer the president/CEO of Kraft Foods Federal Credit Union. Christine Greany, an assistant teller manager, confirmed that Herman is no longer the president/CEO but had "no idea" whether she resigned or was fired. "They haven't disclosed any detailed information...

JEFFERSON CITY, Mo. - The Missouri Supreme Court, in an opinion issue Dec. 9 in the TelComm Credit Union case, upheld bankers' right to appeal a decision of the Credit Union Commission to allow the credit union to expand its field-of-membership and remanded the case back to the Cole County...

WEST PALM BEACH, Fla. - In an industry already awash in acronyms, a new one emerged this year that most credit unions wish would just go away. The IRS' Unrelated Business Income Tax, or UBIT as it's referred to, caused quite a scare in 2003 for state charters in three...