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U.S. Central Member Balances Up 28% Over Last Year

Peter Westerman | August 12, 2003

OVERLAND PARK, Kan. - The flood of liquidity in the industry shows up in so many ways, one is in U.S. Central's financials. U.S. Central's just-released second quarter earnings show its assets hit a record of $43.2 billion on June 6 before moving down to $40 billion at the end...

FedComp Eclipses 700 Mark for TNG

Peter Westerman | August 12, 2003

FAIRFAX, Va.- FedComp Inc, its The Next Generation (TNG) core processing product has reached 700 clients. "What a major accomplishment the FedComp team has made to allow us to be the #1 deployed Windows based in-house system," said Derrick Smith, President and COO for FedComp. "FedComp's success can be attributed...

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EDS CU Group Not in the Best of Shape, But Fiserv Believes the Talent in Place Can Revive Business

Peter Westerman | August 12, 2003

BROOKFIELD, Wis. - Fiserv traditionally takes a hands-off approach with acquired companies, but can it do that with the recently acquired EDS Credit Union Industry Group, which by its own admission has been somewhat neglected by EDS? Leaders of the EDS group (now known simply as CUIG) say that in...

Duerr Out as NASCUS President/CEO; Fortney to Handle Post in Interim

Peter Westerman | August 12, 2003

ARLINGTON, Va. - After 10 years of serving as president/CEO of NASCUS, Doug Duerr was dismissed from the position July 29 by the five members of the association's regulator executive committee. The five members include NASCUS Chair Jerrie Lattimore, administrator, North Carolina Credit Union Division; James Forney, superintendent of credit...

Missouri FOM Case Hearings Scheduled for Sept. 10

Peter Westerman | August 12, 2003

WASHINGTON-The Missouri Supreme Court is slated to hear on Sept. 10 arguments in a field of membership lawsuit brought against TelComm Credit Union by the bankers. The lawsuit, brought by the Missouri Bankers Association and Century Bank of the Ozarks in 2001 against TelComm Credit Union, the Missouri Division of...

New Poll: How Many Credit Union Conferences Do You Attend?

Peter Westerman | August 12, 2003

WEST PALM BEACH, Fla. - There's a joke in the industry that there are so many credit union related conferences each year that on any given day there's one going on somewhere. Some people like to hit as many as they can, while others only go to the major annual...

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Peter Westerman | August 12, 2003

Eagle Community Credit Union, Lake Forest, Calif., has named Mario Soria computer operations manager. Denali Alaskan Federal Credit Union, Anchorage, has elected the following officers to its board: Ron Risch, chairman; Peter Raiskums, vice chairman; Daphne Hambrook, secretary; and Bill Murray, treasurer. In addition the following were elected board directors:...

Watch Out Fraudsters- FinCrime is Here

Peter Westerman | August 12, 2003

WEST PALM BEACH, Fla. - The FinCrime database, which is sponsored by state bankers associations, has gone live in 10 states. The anti-crime database has been designed to be a secure information-sharing system that immediately links criminals to their acts. Each participant submits fraud data into a central repository and...

SCC Adds a Big One

Peter Westerman | August 12, 2003

SOUTHFIELD, Mich. - The Service Centers Corporation, one of the three alternatives of credit union shared branching in the United States and a wholly-owned subsidiary of CO-OP Network, has added the $1.1 billion Northwest Federal Credit Union, based in Herndon, Virginia, to its shared branching network. Dan Balagna, SCC CEO,...

Bankruptcy Reform Possibly Called Up After Recess

Peter Westerman | August 12, 2003

WASHINGTON-Bankruptcy reform legislation could be on the table for consideration this fall, NAFCU Vice President of Legislative and Political Affairs Brad Thaler said. According to Thaler, the Senate's recent extension of the farm bankruptcy package through the end of the year has cleared the way for action of the full...

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U.S. Central Member Balances Up 28% Over Last Year

FedComp Eclipses 700 Mark for TNG

EDS CU Group Not in the Best of Shape, But Fiserv Believes the Talent in Place Can Revive Business

Duerr Out as NASCUS President/CEO; Fortney to Handle Post in Interim

Missouri FOM Case Hearings Scheduled for Sept. 10

New Poll: How Many Credit Union Conferences Do You Attend?

WEST

Watch Out Fraudsters- FinCrime is Here

SCC Adds a Big One

Bankruptcy Reform Possibly Called Up After Recess

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