ALEXANDRIA, Va.-D. Edward Wells Federal Credit Union of Springfield, Mass. ($4.9 million in assets) was liquidated this year after a tumultuous battle for power. More than a year ago, D. Edward Wells' management, then led by CEO Carol Aranjo, former chair of the National Federation of Community Development Credit Unions,...

MADISON, Wis. - The end of 2003 is witnessing the curtain call on 30-year low mortgage rates that continued through the middle of the third quarter when they started to inch up. But not before credit unions managed to stow away a record number of mortgage originations and refinances. According...

Four Regulator Members (appointed by NASCUS Chairman Roger Little, director, Credit Union Div., Michigan, who also serves as ex officio for the search committee.) *Chairman Jim Forney, superintendent of Credit Unions, Dept. of Commerce, Credit Union Div., Iowa *Jerrie Lattimore, administrator, Commerce Dept., Credit Union Div., North Carolina *John Smith,...

MADISON, Wis. - A recent CUNA E-Scan's 2003-2004 CEO Total Compensation Survey finds that it pays for CEOs of large credit unions to have written employment contracts or agreements. According to the survey CEOs with such contracts earn higher base salaries and bonus awards. "With 30% of large credit union...