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SOUTHFIELD, Mich. - The founders of credit union data processing C.U. Processing are leaving the parent firm that purchased C.U. Processing last year. David Palmer, long-time CEO of C.U. Processing prior to it being acquired by Canadian IT powerhouse CGI, is leaving, along with Paul Chauvin, who served as CFO...

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MADISON, Wis. - It's only been a year, but it looks as if corporate credit unions are finding some investment value in CUNA Mutual Group's corporate credit union investment line, CUNA Mutual Notes. So far 11 corporates have invested $190 million in Notes. When it was first launched last October...

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ALEXANDRIA, Va.-What do you get when you combine a federal agency chairman, a lame duck board member, and a recess appointee at the end of his term? A potential NCUA Board of one. However, NCUA Board Member Yolanda Wheat, whose term expired in August, said that she is willing to...

WASHINGTON-In a letter to House Small Business Committee Chairman Don Manzullo (R-Ill.), NAFCU asked that an amendment to permit federal credit unions broader acceptance to the Small Business Administration's (SBA's) 7(a) guaranteed loan program be added to the American Small Business Emergency Relief and Recovery Act of 2001. "We believe...

MANCHESTER and LONDON, U.K. -When members of Camberwell Community Credit Union found themselves without a credit union, the Southwark Credit Union stepped in. Starting this month, Southwark took over Camberwell's operation and is fully servicing the members' existing accounts. Members lost no money in the transfer. The transfer was a...

WASHINGTON-The House Ways and Means Committee gave the green light to a $100 billion economic stimulus package championed by President George W. Bush to help spur the economy following the September terrorist attacks. Credit union trade associations have said they would like to see Individual Development Accounts (IDAs) included in...