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Pennsylvania CUs Latest Target of Bankers' FOM Expansion Protests

Peter Westerman | February 10, 2004

HARRISBURG, Pa. - Add Pennsylvania to the list of states where banks have challenged credit unions over community field-of-membership charter expansions. Notices of Protest were filed with state Secretary of Banking William Schenck concerning notices to convert to community charters filed by three credit unions: * Freedom Credit Union, Philadelphia...

North, South Carolina CU Mortgage Lenders form Real Estate Network

Peter Westerman | February 10, 2004

CHARLOTTE, N.C. - Following the lead of credit unions in three other southeastern states, a group of 17 mortgage executives from 10 credit unions in North and South Carolina have launched a new credit union real estate network (CUREN) for credit unions in those states. The credit unions include: State...

The Hypocrisy of the Save CCU Organization

Peter Westerman | February 10, 2004

First, I am a 25-year member of Columbia Credit Union (CCU). Second, I must say that the Save CCU organization is incredibly hypocritical on several accounts. The following is a good example of just one. Under the "Want to Help?" page on Save CCU's Web site the following is mentioned...

`Victory Junction' Campaign in Carolinas Tops Fund Goal

Peter Westerman | February 10, 2004

RALEIGH, N.C. - That $500,000 credit union fund-raising campaign in the Carolinas to raise funds for Actor Paul Newman's "Victory Junction Gang Camp" is way ahead of schedule hitting the $344,000 mark, according to Steve Elam, executive director of the Carolinas Credit Union Foundation. The Foundation, representing the North and...

Bush Pitches New Retirement Accounts Again with Aim to Make Saving Easier, Less Complicated

Peter Westerman | February 10, 2004

WASHINGTON - President George W. Bush is hoping his new retirement accounts will be an incentive to urge Americans to save more than they have in the past. Bush said the proposed retirement savings accounts (RSA) and lifetime savings accounts (LSA) would allow everyone to contribute regardless of age or...

Citadel FCU Popular with the Press

Peter Westerman | February 10, 2004

THORNDALE, Pa. - Citadel Federal Credit Union has proved that there is no such thing as too much media coverage. Over 500 press mentions in local print, radio, television, electronic and trade media last year has helped Citadel FCU create quite the buzz here. "Between corporate successes and a commitment...

CO-OP Network Donates $300,000 to Children's Miracle Network

Peter Westerman | February 10, 2004

ONTARIO, Calif. - CO-OP Network, the largest credit union-owned, surcharge free ATM network in the U.S., donated $300,000 to the Children's Miracle Network in 2003, the CO-OP said. The donation to CMN reflected 75% of the Network's total $400,000 the CO-OP members donated. The majority of CO-OP Network's 2003 CMN...

Jet CU Files Suit Against Former CEO Loudermilk of 42 Years For `Self-Dealing,' Padded Retirement Package, Defaulted Loans

Peter Westerman | February 10, 2004

INDIANAPOLIS - Two months after former President/CEO John V. Loudermilk retired from Jet Credit Union after 42 years at the helm, a routine investigation by the Indiana Department of Financial Institutions discovered a number of financial improprieties that prompted the credit union to file a civil suit against him. The...

NCUA Issues Three Opinion Letters Preempting State Lending Laws

Peter Westerman | February 10, 2004

WASHINGTON-Following a hearing in which House Financial Services Committee Chairman Mike Oxley (R-Ohio) spoke favorably of preemptions by the Office of the Comptroller of the Currency, NCUA issued three legal opinion letters preempting state lending laws. One legal opinion letter (03-1106) addressed to a New Jersey attorney said that the...

AWARDS

Peter Westerman | February 10, 2004

Keesler Federal Credit Union, Biloxi, Miss., has recognized the following employees for their outstanding service in 2003: Loan Officer Amanda Berkley, President's Award; Member Services Supervisor Donna Disalvo, Executive Award; and IT System Administrator Chad Brown, New Employee of the Year Award. Beacon Credit Union, Wabash, Ind., has been named...

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Pennsylvania CUs Latest Target of Bankers' FOM Expansion Protests

North, South Carolina CU Mortgage Lenders form Real Estate Network

The Hypocrisy of the Save CCU Organization

`Victory Junction' Campaign in Carolinas Tops Fund Goal

Bush Pitches New Retirement Accounts Again with Aim to Make Saving Easier, Less Complicated

Citadel FCU Popular with the Press

CO-OP Network Donates $300,000 to Children's Miracle Network

Jet CU Files Suit Against Former CEO Loudermilk of 42 Years For `Self-Dealing,' Padded Retirement Package, Defaulted Loans

NCUA Issues Three Opinion Letters Preempting State Lending Laws

AWARDS

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