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'Common Sense' Should Be Director Travel Guide, Says Bone

Peter Westerman | May 20, 2009

Basic "common sense" with an eye on keeping extravagant junkets in check should guide credit union boards in dictating travel policy of volunteers, one of the industry's most prominent chairman, Wesley Bone of Maryland, said Thursday.

Georgia Central 'Gratified' By Reynolds' Congressional Kudos

Peter Westerman | May 20, 2009

During yesterday's House Subcommittee on Financial Institutions and Consumer hearing, witness George Reynolds, had supportive words for his state's corporate, the $2 billion Georgia Central Credit Union.

Elan May Find it Has Some Convincing to Do on TNB Buy

Peter Westerman | May 20, 2009

Elan Financial Services may have purchased CU credit card portfolios from TNB Card Services, but it may have a ways to go to win over those credit unions.

Members United: Higher Capital Requirements Would Provide Flexibility

Peter Westerman | May 20, 2009

Kevin Brauer, Members United Corporate FCU's executive vice president, member relations, said corporate capital has historically been adequate to weather previous economic cycles.

NCUSIF Reserve Balance and Assets Up, Despite Slight Income Loss

Peter Westerman | May 20, 2009

The NCUSIF's reserve balance was $5.3 billion last month and the fund lost $2.5 million in income, NCUA Chief Financial Officer Mary Ann Woodson told the board today.