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PORTLAND, Ore. - Hacienda Community Credit Union, the first state-chartered credit union in Oregon in 20 years, is growing "explosively," said Yolanda Karp, CEO of the $909,000, five-month old institution. "We are so happy," she said laughing, "even though it feels like much of the time we are racing to...

BLOOMINGTON, Minn. - Glenn Wilson, the newly appointed Commissioner of Commerce for Minnesota, made an appearance at the Minnesota Credit Union Network's Board of Directors meeting March 21 to better acquaint himself with credit unions in the state. Wilson is the newest member of the Department of Commerce. He was...

MADISON, Wis. - Dr. Augustine Lim, the new chairman of the National Credit Union Federation of Korea (NACUFOK) visited with CUNA Mutual Group officials to help mark the launch of a partnership that will introduce credit disability and credit life insurance to credit unions and their members in South Korea....

STAMFORD, Conn. - Stamford CU, the fourth largest state-chartered credit union in Connecticut, filed an application March 5 with the Connecticut Department of Banking to convert to a federal charter - again. The credit union was chartered in 1953 as Stamford Municipal Federal Employees Credit Union. It subsequently expanded its...

"My decision should not be interpreted as a blanket condemnation of the concept of alternative deposit insurance. In fact, I am supportive of the notion that competition in deposit insurance could well be beneficial to credit unions and their members as well as the dual chartering system." -Colorado Financial Services...

SPRINGFIELD, Mass.-The former officials with D. Edward Wells Federal Credit Union, through the credit union's attorney Mary-Ann Lane, have denied every accusation NCUA has cast their way, from illegal loans to improper bookkeeping to negative share balances. Lane told Credit Union Times that NCUA's accusations are false and the documents...

MADISON, Wis. - With 97 representatives from the World Council of Credit Unions dispatched around the globe working on a number of international development projects, all are safe and missions will go on despite the downturn in foreign travel as the Iraqi war continues. This according to WOCCU officials who...

In a much anticipated meeting, the NCUA Board voted on a final FOM rule and a proposed MBL rule. See story page 3. There was also crucial testimony given on reg relief last week. See pages 3 and 4.