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Peter Leong didn't join the credit union industry until late in his career, but what he was able to accomplish in 15 years is marveled at by many. Page 34.

Indiana Members Credit Union, Indianapolis, has granted special service awards to four employees whose combined years of service totals 100. The recipients are as follows: Assistant Vice President of Human Resources Monique Krider, 25 years; Vice President of Information Services Diedra Dunagin, 20 years; Assistant Vice President of Credit Union...

SECU, Baltimore, Md., has recently celebrated its 50th anniversary. With more than $1 billion in assets and serving over 215,000 members, SECU commemorated the anniversary by running a loan sale with a rate of 5.0%. Over the years SECU has been building member conveniences with such services as Internet Home...

ALEXANDRIA, Va.-When the NCUA Board approved the new incidental powers regulation, the credit union community cheered the move, but the rule did not actually change what federal credit unions already can do. The one major change was that federal credit unions are now allowed to receive compensation over and above...

HONOLULU - Now that the word is out about WesCorp's "consolidation" offer to PacCorp (CU Times Nov. 28), Hawaii CUs are starting to discuss the issue. Honolulu Federal Employees FCU President/CEO and PacCorp Chairman Warren Nakamura doesn't think it should be an issue at all. "Right now PacCorp is financially...

WASHINGTON - The Federal Reserve cut the federal funds rate by 25 basis points to 1.75 % at its December 11 rate setting meeting and left the door open for another 25 basis point cut early next year. The action by the Federal Open Market Committee, the Fed's interest rate...

Royal Credit Union, Eau Claire, Wis., has named Linda Putnam Moholt Express branch manager. Home Town Credit Union, Owatonna, Minn., has named Sara Morris Faribault branch manager.

ALEXANDRIA, Va.-Federal credit unions this year expanded service to underserved areas at an unprecedented rate. An additional 12.5 million potential new credit union members were added as of November 30, 2001. NCUA Chairman Dennis Dollar credited the significant increase to the agency's streamlined application process for expanding into underserved communities....