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SAN DIEGO-The integration of USA FCU's branches, members and employees into Navy FCU is "working out well," according to a Navy Federal spokesperson.
October 18 -
CARSON CITY, Nev.-A staff forecasting tool has allowed Greater Nevada CU to reduce staff at the same time member activity levels have increased.
October 18 -
WILKES-BARRE, Penn.-A new voter poll released last week shows Democrat Paul Kanjorski, the staunchest credit union ally in Congress, trailing his Republican challenger Lou Barletta going into the final two weeks of the campaign.
October 18 -
Lawyers representing eight current CEOs of the nation's biggest credit unions are currently negotiating with NCUA to settle claims related to their service on the board of WesCorp FCU.
October 18 -
A list of defendants in the NCUA's WesCorp suit.
October 18 -
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TUCSON, Ariz.-Credit unions are aligning themselves with university athletic programs and professional sports teams across the country.
October 18 -
Loan participations offer the best of cooperative philosophy put into practice-sharing loan risks among borrowers while sharing the rewards. But they also offer challenges due to their complexity and increased regulatory scrutiny.
October 18
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What took the bankers and the conversion profiteers so long to try to take advantage of credit unions' problems as a way of drawing attention away from their own meltdowns and/or lining their own pockets, respectively?
October 18
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It would be interesting to see if there has been any study done to determine the benefit of taxing credit unions, providing that we are afforded the same considerations that banks are allowed.
October 18
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WEST PALM BEACH, Fla.-Does reading the news in the credit union community often make you want to sound off? Have something to say about the final rule on corporates? Here's your chance to make a point and even blow off a little steam.
October 18
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BURBANK, Calif. – Robert Northcutt, Jr., a longtime chairman of the board of Lockheed FCU and later a member of the Financial Accounting Standards Board, which sets accounting rules for the nation, died Friday at 76.
October 17 -
DECATUR, Ill. – A licensed real estate broker who was convicted of providing phony appraisals on 40 real estate loans, costing a Decatur credit union $1 million in potential losses, was found dead Thursday of an apparently self-inflicted gunshot wound.
October 17 -
PULLMAN, Wash. – Potlatch No. 1 FCU will introduce a branch in a new Wal-Mart Supercenter here, scheduled to open Oct. 27.
October 17 -
MANCHESTER, N.H. – Bellwether Community CU has introduced CheckDeposit24, a service that allows members to deposit checks remotely in less than three minutes from their home or office.
October 17 -
DENVER – Credit Union of Colorado has renewed its partnership with Colorado Ski Country USA with a three-year agreement to be an official Corporate Partner and program sponsor for two of its most popular programs – the Gems Card, a discount card with deals for nine Gems resorts; and the 5th and 6th Grade Passport Program, which provides kids with access to free or inexpensive skiing or snowboarding.
October 17 -
MIAMI – Dade County FCU last week filed suit in federal court to get CUMIS Insurance Society to pay $2 million to cover losses the credit union incurred after a credit card collections agent cooked the account records to mask delinquencies so he could continue to collection commissions.
October 17 -
AUGUSTA, Maine – New television commercials for the Maine CU League’s awareness campaign will feature an animated, three-dimensional look, and will invite viewers to “Look into Maine’s Credit Unions. You’ll like what you see.”
October 17 -
WILKES-BARRE, Penn. – In the latest sign that congressional races have been taken out of the hands of local voters, the National Republican Congressional Committee reported over the weekend it spent more than $5 million attacking Democratic candidates in the prior week, including hundreds of thousands on negative ads urging the defeat of Pennsylvania Congressman Paul Kanjorski, a longtime champion of credit unions on Capitol Hill.
October 17