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DES MOINES, Iowa - In a series of moves suspected by many in the credit union industry, as being orchestrated by the American Bankers Association, state bankers associations throughout the country kicked their efforts up a notch throughout the year to get state-chartered credit unions' tax exemption repealed. Excluding Utah...

GLASTONBURY, Conn. - Core processor Open Solutions Inc. wants to cater to the unique needs of credit unions and banks, so it is separating its core processing group into two focuses - credit unions and banks. OSI already has two separate core products for CUs and banks, but in reality...

2003 was a year of great achievement for credit unions. Here at CUNA there are some we are particularly pleased about given our role in the process. Congress passed two major bills for consumers and credit unions, which CUNA worked for vigorously. The "Check 21" bill (which would revolutionize the...

MADISON, Wis. - The first quarter of 2003 picked up where 2002 left off - a period of market and economic uncertainty - but credit unions still managed to weather a gripping recession. The good news came in the third quarter year-to-date numbers which show lending is making a comeback,...

MCLEAN, Va. - Richard Syron, a former American Stock Exchange chairman was chosen by Freddie Mac as its new chief executive officer. Syron becomes the third CEO Freddie Mac has had since June when the government sponsored enterprise went through a management shakeup as a result of circumstances surrounding three-years'...

WASHINGTON - If member business lending doors closed for credit unions five years ago because of MBL restrictions in the Credit Union Membership Access Act, then in 2003 several of those doors reopened allowing more credit unions to enter the member business lending market. In February, just before CUNA's Governmental...

KENSINGTON, Md. - After 16 years with Lafayette Federal Credit Union, President and CEO Bill Brooks announced this year that he would leave the credit union to venture out on his own. Brooks' plan is to create, with others in the credit union community, a consulting firm (CU Prosper) to...

MOORPARK, Calif. - No one has been at credit union data processor XP Systems longer than John Edwards, a man known for knowing personally leaders from just about every one of XP's 300 or so CU clients. Earlier this year, Fiserv, the parent company of XP Systems tapped Edwards as...