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Especially with the events of 9/11 fresh in people's minds, credit unions are ready and willing to spend on IT security and disaster recovery plans. XCEL CU in New York was probably the hardest hit by 9/11. The CU has already spent a lot of money setting up a back-up...

OAKS, Pa -SEI Investments, a provider of asset management and investment technology solutions, announced that its TreasuryPoint Trading platform can now be used by credit unions. With TreasuryPoint Trading, credit union investment professionals can use a Web-based platform to manage their institution's money market investing. Users can view daily rates...

FORT KNOX, Ky. - Taking a cue from McDonald's, Fort Knox Federal Credit Union is once again installing extra auto tellers in its drive-through lanes in a "double stacking" configuration to speed up traffic and eliminate long queues. The Kentucky-based CU caused a stir a few years ago when it...

WASHINGTON-The Credit Union Legislative Action Council (CULAC) is shoveling funds out even faster than they are coming in. In the first two weeks of October, CULAC disbursed $139,466.94, more than the entire month of July, and took in $106,698.57. CULAC delivered the maximum ($5,000) for several newcomers in the general...

WASHINGTON-While three of the major banking trade associations generally approved of the Federal Deposit Insurance Corp.'s (FDIC's) proposal to allow state chartered banks to organize as Limited Liability Companies (LLCs), the American Bankers Association (ABA) offered no recommendations, but the groups specifically focused on community banking had a few suggestions....

NAPERVILLE, Ill. - All parties involved in the Mid-States Corporate FCU/Minnesota Corporate FCU merger say they're excited about the deal (see story page 1). This picture shows the official signing session when the intent to merge was signed. (From left): Dave Preter, President/CEO of Mid-States; Bill Connors, President/CEO of Purdue...

PASADENA, Calif. - There is no running water. There is no electricity. There is no doctor to deal with the serious health problems the people face daily. No teacher for the children. No roads, let alone cars or other vehicles. No telephones. . . no computers . . . no...

NEW YORK - For the National Federation of Community Development Credit Unions (NFCDCU) the October 18 celebration of Financial Literacy Day represented far more than a nod to a perennial credit union goal. It gave the Federation the opportunity to celebrate where it has been and to highlight many of...