CHICAGO - The Center for Financial Services Innovation said it has established the CFSI Catalyst Fund, a private equity limited partnership created to cultivate new financial services companies and solutions focused on the underbanked.

HONOLULU - Credit unions could be among the beneficiaries of the growing trend toward globalization of markets, according to one-time Labor Secretary and well-known author Robert Reich.

HONOLULU - Despite widespread opposition by credit unions, NCUA is expected to pass initiatives aimed at increasing transparency in credit union operations, two NCUA board members indicated during NAFCU's recent annual convention (see further detailed coverage, page 15).

A home is invaded, the homeowner murdered and the entire house ransacked. This is an unfortunate tragedy that is all too familiar.

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ALEXANDRIA, Va. - NCUA Chairman JoAnn Johnson and National Association of State Credit Union Supervisors Chairman Linda Jekel signed a Document of Cooperation, symbolizing federal and state regulators' continued commitment to cooperatively ensure the safety and soundness of federally insured, state-chartered CUs.

RANCHO CUCAMONGA, Calif. - A complimentary online story regarding credit unions nearly took down the website being discussed.

HONOLULU - NCUA Board Members Rodney Hood and Gigi Hyland responded to these questions during NAFCU's annual meeting last week. The questions were presented by NAFCU Chairman John Milazzo.

Rule Would Allow Foreign Currency Investments

Are only the big dog credit unions destined to survive or can small and medium-size CUs have the bite to be successful, as well? In the July 16 issue the Credit Union Journal profiled just this issue. Now take a minute or two, log onto www.cujournal.com and click Letters to the Editor and start barking. (c) 2007 The Credit Union Journal and SourceMedia, Inc. All Rights Reserved. http://www.cujournal.com http://www.sourcemedia.com

HONOLULU - NCUA General Counsel Robert Fenner shared his insight on major issues facing NCUA, including:

Credit Union Journal subscribers have access to all reporting in the Journal at www.cujournal.com in a fully searchable database. Every story reported by the Journal since 2000 can be searched by keywords and by date.

St. Jean's Credit Union, Salem, Mass., named Patricia Tarr Lynn branch manager and Lisa Campbell branch and operations center manager.

Throughout 2007, the Credit Union Journal is profiling the credit unions of each U.S. state and D.C. Rather than appear in alphabetical order, the states are being featured in the order they became states.

NAFCU's annual conference drew almost 2,000 people to Honolulu, most of whom were volunteers. Most attendees stayed at the Hilton Hawaiian Village and were bused to the convention center, site of the meeting and trade show.

AUGUST

CHICAGO - The Center for Financial Services Innovation said it has established the CFSI Catalyst Fund, a private equity limited partnership created to cultivate new financial services companies and solutions focused on the underbanked.

HONOLULU - Credit unions could be among the beneficiaries of the growing trend toward globalization of markets, according to one-time Labor Secretary and well-known author Robert Reich.

LATHAM, N.Y. - Two states are considering duplicating a New York program that rewards banks for opening branches in neighborhoods with little or no banking services, but there are no plans to similarly reward credit unions.

WEST PALM BEACH, Fla. - This year will mark the 11th anniversary of one of the most extraordinarily unique projects within the credit union community-Credit Union Journal's Day in the Life Project. This year our goal is to make it bigger than ever!