The CUJ Daily
Gov. Davis Supports 'Opt-In' Privacy Bill
SACRAMENTO, Calif.-Gov. Gray Davis, in an effort to stave off a voter referendum, issued his support for a tough
"Californians don't want their private information bought and sold like baseball cards," Davis said during a
The bill, which passed the Senate in March, would require financial institutions to obtain a customer's permission
The measure, which is supported by the California CU League, is scheduled for a hearing next week in the Assembly
The bill would carve out exceptions for credit unions, requiring that they provide members an "opt-out" option for
Lawmakers are under heavy pressure to pass a privacy bill this year, after three recent failures.
Consumer groups have threatened to take the issue to voters in a referendum next year.
Washington CU Converts To Bank
SEATTLE-Credit Union of the Pacific said it has completed the conversion to a mutually owned savings bank as
The $140-million credit union is the second credit union in Washington to convert to a state-chartered mutual
Exec Jailed In Check Kiting Scheme
WAHIAWA, Ha.-A former supervisor for Schofield FCU was sentenced to two-and-a-half years in prison and
Authorities said as operations supervisor for the credit union, Charlene Renteria, 33, oversaw tellers and new account clerks, enabling her to open as many as 36 fictitious accounts through which she drained $564,000 between 1998 and 2002. Renteria pleaded guilty to bank fraud charges.
Bid Would Spread UHCU
AUSTIN, Texas-United Heritage CU in Austin has applied to state regulators for permission to spread its wings
The $300-million credit union set new standards for a community FOM in 1999 when it was approved to serve more
Separately, Texans Credit Union, in Richardson, which serves several counties, has asked the state Credit Union
PCU Remains Most Profitable
NEW YORK-Progressive CU, the New York-based credit union specializing in loans for taxi cab medallions, or
Progressive, the perennial leader of the most profitable list, reported net income of $2.7 million on $252 million in
But there were several new entries to the top 10 for the first quarter. The rest of the top 10 (of credit unions over $25