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Peter Westerman | April 06, 2004

Eagle Community Credit Union, Lake Forest, Calif., has promoted Amy McCasland to Lake Forest branch manager and current Placentia Branch Manager Andrea Alcala to Rancho Santa Margarita branch manager. Kitsap Credit Union, Bremerton, Wash., has named Connie Rouse PSNS branch manager. Riverside County's Credit Union, Calif., has named Karen Gracia...

Arizona Media CU Becomes First Edition Community CU

Peter Westerman | April 06, 2004

PHOENIX - In a move designed to better represent its members, Arizona Media Credit Union has changed its name to First Edition Community Credit Union. "We were constantly hearing from people who were interested in joining but they thought the name meant the credit union was only for people in...

Colorado Financial Services Board To Take Up FOM Expansion App from Norlarco

Peter Westerman | April 06, 2004

DENVER - The Colorado Financial Services Board will hold a public hearing on April 23 to consider an application from Norlarco CU to expand its field-of-membership to include residents of Larimer County. According to Norlarco's application, the estimated population of Larimer County is 253,137, but the credit union estimates that...

CU Offers Help to Teachers Facing Layoffs, Budget Cuts

Peter Westerman | April 06, 2004

SANTA ANA, Calif. - Orange County Teachers Federal Credit Union is trying to be at the head of the class in assisting school employees affected by budget cuts and layoffs. The $4-billion credit union, with some 300,000 members, recently launched two new programs to help financially strapped education workers. One...

CUNA Explains Trust Accounts in April Webinars

Peter Westerman | April 06, 2004

MADISON, Wis. - As trust services continue to impact the credit union industry, many are needing answers to questions about opening up such accounts. The CUNA Center for Professional Development is hoping to have the answers at two Webinars on the subject. The April 14 Trust Account Webinar is already...

Mountain America Credit Union to Launch Trust Services Subsidiary with Local Trust Company

Peter Westerman | April 06, 2004

WEST JORDAN, Utah - Mountain America Credit Union is the latest to launch a trust services division with plans to form a network with other credit unions seeking to offer estate management to its members. After more than a year of planning including discussions with other trust companies and alliances...

NYSCUL Says Bulletproof Glass Bill Not the Answer

Peter Westerman | April 06, 2004

ALBANY, N.Y. - The New York State Credit Union League is saying no to bullet-resistant glass requirements. Assembly Bill 9475, sponsored by Assemblywoman Cathy Nolan (D-Queens), Committee on Banks Chair would require all financial institutions to install bullet resistant glass to help protect employees from harm during a robbery. The...

Senate Banking Committee to Mark Up GSE Bill

Peter Westerman | April 06, 2004

WASHINGTON - The Senate Banking Committee is scheduled to mark-up legislation on April 1 that would create a new regulator for all housing-related government-sponsored enterprises. The bill, drafted by Committee Chairman Sen. Richard Shelby (R-Ala) and ranking member Sen. Paul Sarbanes (D-Md.) would place supervision of Fannie Mae, Freddie Mac,...

XCU Capital Explores Adding More Firms to Offer Trust Services to CU Clients

Peter Westerman | April 06, 2004

CARLSBAD, Calif. - Of XCU Capital Corp.'s 42,000 retail clients, it doesn't come as a surprise that not a single trust service relationship has been established with any of them since the credit union-owned broker dealer partnered with Phoenix National Trust in November 2002. Mark Allen, president/CEO of XCU Capital...

Difference Between Subprime Market, Abusive Lending Subject of Joint House Hearing

Peter Westerman | April 06, 2004

WASHINGTON - The House Subcommittee on Housing and Community Opportunity and the Subcommittee on Financial Institutions and Consumer Credit, chaired by Reps. Robert Ney (R-Ohio) and Spencer Bachus (R-Ala.) will hold a joint hearing on March 30 as part of their continuing examination to define the differences between the subprime...

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WEST

Arizona Media CU Becomes First Edition Community CU

Colorado Financial Services Board To Take Up FOM Expansion App from Norlarco

CU Offers Help to Teachers Facing Layoffs, Budget Cuts

CUNA Explains Trust Accounts in April Webinars

Mountain America Credit Union to Launch Trust Services Subsidiary with Local Trust Company

NYSCUL Says Bulletproof Glass Bill Not the Answer

Senate Banking Committee to Mark Up GSE Bill

XCU Capital Explores Adding More Firms to Offer Trust Services to CU Clients

Difference Between Subprime Market, Abusive Lending Subject of Joint House Hearing

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