FCACU Offers Ion Account

BOSTON - Darren Williams, CEO of Wescom Credit Union, had a question for his audience.

MADISON, Wis. - CUNA Mutual Group has launched its state-of-the-art trading room as part of the firm's effort to develop its investment capabilities. The 1,700-square-foot trading room is home to traders, analysts and portfolio managers, allowing them to share real-time information. CMG invested some $800,000 into the facility, which includes 14 full trading desks, four analyst tables a stock ticker and two plasma monitors for real-time investment information.

SACRAMENTO, Calif. - Data breach notification legislation described as "critical" by the California Credit Union League was approved by an 8-2 vote in the California Assembly Judiciary Committee.

TINKER AIR FORCE BASE, Okla. - Members rate the service at Tinker FCU here as "outstanding"-in part because management sees "exactly what lobby employees are doing at any time" at each of 17 branches.

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WASHINGTON - The ongoing crisis in the subprime mortgage market was the focus last week on Capitol Hill where lawmakers and market participants were putting their heads together to come up with some kind of solution to the growing number of foreclosures.

AUSTIN, Texas - CUNA Mutual Group recently opened its new customer operations center in Ft. Worth, and its CEO told attendees of the Texas CU League's annual meeting here the company is dedicated to helping credit unions grow-in the Lone Star State and across the country.

Check 21 Milestone: National Networks Connect

SIDNEY, N.Y. - Dave Rutenber has about 40 projects in the works at the information systems (IS) and network systems departments at Sidney FCU here, and his workload won't be getting lighter any time soon.

ONTARIO, Calif. - Credit unions frequently seek growth by looking to capture walletshare. And it's in that wallet, believes CO-OP Financial Services, where an underutilized opportunity lies: cards.

WESTMINSTER, Colo. - The consolidation trend among corporate credit unions continued with the announcement that WesCorp FCU and SunCorp FCU are planning to merge. SunCorp said the move will deliver value to its member credit unions.

MONETT, Mo. - John W. 'Jack' Henry, one of the pioneers among credit union outsourcers and a co-founder of well-known credit union vendor Jack Henry & Associates, died April 13, at 71, of natural causes.

TINKER AIR FORCE BASE, Okla. - Members rate the service at Tinker FCU here as "outstanding"-in part because management sees "exactly what lobby employees are doing at any time" at each of 17 branches.

FCACU Offers Ion Account

MURRIETA, Calif. - In a sometimes messy race for credit unions to acquire or be acquired, where the winners sometimes vie to assimilate in 30 days, a service provider here is seizing a newfound opportunity to make the technology side of mergers neat and pat.

LISBON, Maine - Just three months ago, Lisbon Community FCU offered a scant array of mortgage products. The small CU's hands were tied from selling mortgage loans to the secondary market and accepting simplified applications from members over the Internet. Pre-approvals weren't possible and mortgage rates weren't attractive. It took an expert to pick apart its rate structures.

SIDNEY, N.Y. - Dave Rutenber has about 40 projects in the works at the information systems (IS) and network systems departments at Sidney FCU here, and his workload won't be getting lighter any time soon.

WASHINGTON - The Supreme Court last week reinforced a long-standing legal precedent in support of federal preemption of state banking laws for nationally (federally) chartered institutions.

BOSTON — Darren Williams, CEO of Wescom Credit Union, had a question for his audience.