In October, the NCUA Board approved final revisions to Part 704, the regulation that governs corporate credit unions. The major changes in the regulation are in the areas of capital, credit concentrations, and credit risk. From corporates' perspective, the biggest accomplishments in the regulation include dramatic improvements in the following...

ST. PETERSBURG, Fla. - The $1.9 billion Pennsylvania State Employees Credit Union, the largest in the state, has agreed to have PSCU Financial Services process its credit and debit card transactions. The 272,000-member credit union, based in Harrisburg, PA., has more than 110,000 credit card accounts and 116,000 debit card...

LENEXA, Kan.- CU Investment Solutions (ISI), a wholly-owned subsidiary of U.S. Central, has made its first trade with a natural-person CU through SunCorp. With the non-compete agreement with CNBS dissolved, U.S. Central, through its subsidiary, can now offer brokerage services to natural-person CUs. Arkansas Valley Federal Credit Union, located in...

At one time credit union CEOs ("managers" back then) were referred to as "bankers in overalls." The prevailing image of CUs at that time was that they were basically pretty simple and unsophisticated mom and pop operations. Today, a substantial number of credit unions lead the pack among high-tech financial...