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Metuchen Assemblers FCU, Local NAACP Form Partnership

Peter Westerman | March 04, 2003

EDISON, N.J. - Metuchen Assemblers Federal Credit Union is welcoming thee Metuchen-Edison Area Branch of the National Association for the Advancement of Colored People (NAACP) as its newest member. "Our newly fostered relationship with Metuchen Assemblers FCU fell into place. I was in the process of searching for a credit...

MIDWEST

Peter Westerman | March 04, 2003

Credit Union ONE, Ferndale, Mich., has named Rob Meijer Traverse City branch mortgage specialist and Samuel J. Secson Grand Rapids region mortgage specialist.

Dollar Uses GAC to Float Risk-Based PCA Idea

Peter Westerman | March 04, 2003

WASHINGTON-NCUA Chairman Dennis Dollar told attendees of CUNA's Governmental Affairs Conference last Monday that the prompt corrective action law should be modified to take into account a credit union's risk. Dollar pointed out that different diversifications of a portfolio makes a credit union a higher or lower risk entity and...

SOUTH

Peter Westerman | March 04, 2003

Charlotte Postal Credit Union, N.C. has elected the following volunteers to its board of directors: Hugh Livingston Jr., president; Phillip Kridel, vice president; George Johnson, treasurer; Barry Williams, secretary; Phillip Robinson, Edd Murphy, Judi Gore, DC Trull and Harold Harless, board directors. In addition, CPCU has elected Chuck Burch, Cam...

Credit Unions a Remedy for Financial Stress Blues?

Peter Westerman | March 04, 2003

MADISON, Wis. -A recent Filene Research Institute report, finds that credit unions are in a unique position to help reduce employee financial stress and increase workplace performance. According to Filene Research Institute Executive Director Bob Hoel, one study revealed that the dollar cost to an employer for an employee who...

Matz Wants Credit Unions to be PALS

Peter Westerman | March 04, 2003

WASHINGTON-During her speech last week before CUNA's Governmental Affairs Conference, NCUA Board Member Deborah Matz introduced an initiative to aid credit unions in networking to share experiences and learn "best practices" from fellow credit union leaders. "This is my contribution to [NCUA] Chairman [Dennis] Dollar's Access Across America initiative which...

Fed Issues Final Amendment on Equal Credit Opportunity Act Reg

Peter Westerman | March 04, 2003

WASHINGTON-The Federal Reserve Board approved a final rule recently amending Regulation B, implementing the Equal Credit Opportunity Act. The Reg B amendments create an exception to allow creditors to collect nonmortgage applicants' personal characteristics to `self-test' for ECOA compliance. Also addressed in the changes is a 25-month record retention requirement...

CUNA Mutual, Liberty, and U.S. Central, Each Contribute $100,000 to NCUF

Peter Westerman | March 04, 2003

WASHINGTON - CUNA Mutual Group, U.S. Central, and Liberty Enterprises each donated $100,000 to the National Credit Union Foundation (NCUF). The donations were presented on Feb. 23 prior to the 2003 Herb Wegner Memorial Awards Dinner. Michael B. Kitchen, CUNA Mutual president/CEO, made the contribution for CUNA Mutual. "We are...

Food Processors Grinds Up Competition, Named 2002 Business of Year

Peter Westerman | March 04, 2003

MODESTO, Calif. - Food Processors Credit Union has been named 2002 Business of the Year by the Stanislaus County Hispanic Chamber of Commerce. Food Processors CU, which captured the award last year as well, serves the area's low-income Hispanic population who work mainly in the agricultural and food processing industries....

Mortgage Abuses Exist, but Proposed RESPA Reform Not the Solution

Peter Westerman | March 04, 2003

MERRIFIELD, Va. - Hearings on the Department of Housing and Urban Development's proposal to reform the Real Estate Settlement Procedures Act and simplify the home buying process continued in the House Financial Servicing Housing Subcommittee last week, but credit unions and trades say it's the wrong reform for the right...

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Metuchen Assemblers FCU, Local NAACP Form Partnership

MIDWEST

Dollar Uses GAC to Float Risk-Based PCA Idea

SOUTH

Credit Unions a Remedy for Financial Stress Blues?

Matz Wants Credit Unions to be PALS

Fed Issues Final Amendment on Equal Credit Opportunity Act Reg

CUNA Mutual, Liberty, and U.S. Central, Each Contribute $100,000 to NCUF

Food Processors Grinds Up Competition, Named 2002 Business of Year

Mortgage Abuses Exist, but Proposed RESPA Reform Not the Solution

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