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WASHINGTON - Cynthia Glassman, a former board member of the Federal Reserve Board Credit Union was recently appointed a commissioner for the Securities Exchange Commission by President Bush. Glassman spent over 30 years in the public and private sectors focusing on financial services regulatory and public policy issues. She spent...

LATHAM, N.Y. - The New York Credit Union Foundation has extended the deadline for filing applications for assistance from the foundation's Disaster Relief Fund. All applications for funds on behalf of those who lost a family member who belonged to a credit union must now be postmarked by May 31....

BOSTON - ATMs are making a comeback-at least that is what a Dove Consulting 2002 ATM Deployer study finds. The survey, sponsored by the nation's four largest EFT networks STAR, PULSE, NYCE and CO-OP Network shows that the ATM industry is "returning to a state of equilibrium". "After the surcharge...

WARREN, Ohio - Seven Seventeen CU, the third largest credit union in the state with more than $400 million in assets, was approved by the Ohio Division of Financial Institutions to expand its field of membership to include three community groups of Trumbull, Mahoning and Columbiana counties. Chartered in 1957...

WASHINGTON - NCUA Board nominees JoAnn Johnson and Deborah Matz have the support of the Senate Banking Committee Chairman Paul Sarbanes (D-MD), but nonetheless faced questions at their March 14 confirmation hearing about ongoing credit union tensions. Sarbanes raised the issue of the tension he described between some credit unions...

DES MOINES, Iowa - It's official, U.S. District Court Judge Ronald Longstaff has overturned what was the last state ban on ATM surcharges. In a suit brought by Wells Fargo Bank, Firstar Bank, Metro-Bank, Bank of America and U.S. Bank the judge ruled that the Iowa law banning such ATM...

A recent issue on NAFCU "Update" reported the NCUA Board's unanimous vote to maintain the federal credit usury ceiling at 18%. I have never seen a more spurious reasoning for a bad move. A provision citing a rising rate environment was quoted. Further proponents maintain an 18% rate promotes risk-based...

WASHINGTON - The Association of Corporate Credit Unions and CUNA wrote to Senator Paul Sarbanes (D-MD) supporting the nominations of JoAnn Johnson and Deborah Matz to the NCUA Board. Confirmation hearings are scheduled for March 14. "ACCU's leadership recently met with each of these nominees. During our meetings, it was...