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Morris Sheppard Texarkana FCU - First Federal Credit Union -Turns 70

Peter Westerman | November 02, 2004

TEXARKANA, Texas - Credit union purists will applaud this $6 million-in-assets not-for-profit, member-owned cooperative. It's plain vanilla in a world of far more than 31 flavors. It serves members with shares and consumer loans - no checking, no credit cards, and no ATMs. Situated in a town that straddles the...

MBL CUSOs, Credit Unions to Hear Biz Loan Underwriting Survey Findings

Peter Westerman | November 02, 2004

CHICAGO - Nearly a dozen member business lending CUSOs and credit unions will meet this week to hear and discuss the findings from an anticipated business underwriting survey. The four-month old MEMBERS Business Solutions Co., LLC (MBSC), established by MEMBERS Development Co., LLC, a CU/CUNA Mutual Group jointly owned research...

CUNA and WOCCU Offer Endorsement of Remittance Legislation

Peter Westerman | November 02, 2004

WASHINGTON - CUNA and WOCCU wrote Senate Banking Committee Ranking Member Paul Sarbanes (D-Md.) commending him for introducing the International Remittance Consumer Protection Act of 2004 (S. 2868). The legislation is aimed at providing greater transparency and consumer protections in international wire transfers through disclosure. It would also permit credit...

Telcoe FCU Celebrates ICU with CMN Donation

Peter Westerman | November 02, 2004

LITTLE ROCK, Ark. - Telcoe Federal Credit Union partied with a purpose and helped raise over $4,500 for the Children's Miracle Network. Telcoe FCU raffled off door prizes and served cake and punch at all three branch locations. In addition, Telcoe FCU staffers "paid" to wear jeans on special dress-down...

Nevada FCU Finds BALANCE

Peter Westerman | November 02, 2004

LAS VEGAS - Nevada Federal Credit Union has teamed up with BALANCE Financial Fitness program to help members improve their financial situation. San Franciso-based BALANCE provides financial education and counseling programs to partnering credit unions nationwide. Services range from money management and housing counseling to debt repayment plans and credit...

South Division, Oak Forest CU Merge

Peter Westerman | November 02, 2004

EVERGREEN PARK, Ill. - The $550,000 Oak Forest Credit Union has merged with $48 million South Division Credit Union. "We are very pleased to welcome all who previously conducted their financial business with Oak Forest CU as members of South Division CU," said SDCU President/CEO Geraldine Burek. Burek went on...

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Matz: Credit Unions Cannot Continue to Rely on Existing Membership for Asset Growth

Peter Westerman | November 02, 2004

HONOLULU-Speaking on a subject she is becoming increasingly concerned about, NCUA Board Member Debbie Matz stressed the importance of growing membership, which has declined in recent years. As of mid-year 2004, credit union assets have grown 8.5%, while at the same time, membership only grew 2.2%, she said. This should...

SCHOLARSHIPS

Peter Westerman | November 02, 2004

NASA Federal Credit Union, Upper Marlboro, Md., has announced the winners of its 2004 Mitchell-Beall Memorial Scholarship. This year's winners include Sean Lyons, $7,000; Erin Frey $5,000; Joseph Solari,$3,000; Talia Goldman,$1,000; and Cherise Davis, $1,000. Students were selected based on their response to the essay question My Educational and Financial...

Columbia Fight Lives On in NCUA Comments; Form Letters to Oppose Rule Wind Up Backfiring

Peter Westerman | November 02, 2004

ALEXANDRIA, Va. - Even though it concluded months ago, the fight over whether the $660 million Columbia Community Credit Union should change its charter to that of a mutual bank lives on in the pages of comments on NCUA's most recent proposal to tighten the rules governing credit union disclosures...

No Surprise, the Number of Credit Union Conferences is Growing

Peter Westerman | November 02, 2004

WEST PALM BEACH, Fla. - One look at the Credit Union Times' 2005 Association Calendar on pages 28-34 and it's obvious that the number of credit union association conferences and events is on the rise. Credit union associations rely on meetings for a couple of things - to bring in...

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Morris Sheppard Texarkana FCU - First Federal Credit Union -Turns 70

MBL CUSOs, Credit Unions to Hear Biz Loan Underwriting Survey Findings

CUNA and WOCCU Offer Endorsement of Remittance Legislation

Telcoe FCU Celebrates ICU with CMN Donation

Nevada FCU Finds BALANCE

South Division, Oak Forest CU Merge

Matz: Credit Unions Cannot Continue to Rely on Existing Membership for Asset Growth

SCHOLARSHIPS

Columbia Fight Lives On in NCUA Comments; Form Letters to Oppose Rule Wind Up Backfiring

No Surprise, the Number of Credit Union Conferences is Growing

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