JALALABAD, Afghanistan-Three new investment and finance cooperatives (IFCs), which is how credit unions are referred to in this war-torn country, have now opened here following efforts by the World Council of Credit Unions (WOCCU) and the United States Agency for International Development (USAID). The IFCs opened in Ayback, Puli-Khumri and Jalalabad, the last moving forward even after an unrelated improvised explosive device (IED) detonated one day prior to the grand opening just four miles down the road.

MONTEREY, Calif. - A group of about two-dozen credit union representatives gave up a Saturday here to learn more about how to increase their credit union's "social impact."

Ideally, effective research results presentations start at the beginning of the process with involvement from stakeholders in defining the purpose of the research and then planning its execution. However, even without thorough front-end homework, results presentations can be a dynamic launching pad for improvement and innovation because they foster buy-in, focus, shared learning and teamwork.

Events

The article that appeared on the Credit Union Journal online regarding the resignation of Ernst & Young as Online Resources' accountant was incorrect. There were no disagreements between the companies, as clearly stated in our SEC 8K Filing.

SAN DIEGO - If credit unions continue using good mortgage lending principles they have a real opportunity gain market share even as other mortgage providers stumble.

Numerica CU Joins Money Matters

WASHINGTON - Credit union insiders worried about the threat to credit unions coming from the bankers who want to repeal the CU tax exemption or convert healthy credit unions to banks, may miss the bigger threat coming from folks who have long been associated with CUs.

JALALABAD, Afghanistan-Three new investment and finance cooperatives (IFCs), which is how credit unions are referred to in this war-torn country, have now opened here following efforts by the World Council of Credit Unions (WOCCU) and the United States Agency for International Development (USAID). The IFCs opened in Ayback, Puli-Khumri and Jalalabad, the last moving forward even after an unrelated improvised explosive device (IED) detonated one day prior to the grand opening just four miles down the road.

Credit Union Journal Subscribers can access all content from the print edition every Monday simultaneously with its publication at www.cujournal.com. Additional resources include:

ANACONDA, Mont. - The Southwest Montana FCU has acquired a 100-year-old bus garage and plans to raze the building, built in 1907 as a trolley station, and build a new headquarters at the site.

ATLANTA - A new study has found "significant changes" in the home equity lending market that may affect credit union decisions during 2007.

Butler To Treasury Position

ARLINGTON, Va. - The National Association of State Credit Union Supervisors (NASCUS) submitted comments to the SEC and Fed recommending that credit unions be included in their joint proposed rule that grants exemptions for banks for "broker" and "dealer" activities. NASCUS expressed concern that unless state-chartered CUs are afforded the same treatment as commercial banks and savings institutions, the powers granted to credit unions will be unnecessarily preempted or the rule will trigger redundant and costly examination and oversight.

Credit Union Journal Subscribers can access all content from the print edition every Monday simultaneously with its publication at www.cujournal.com. Additional resources include:

PANAMA CITY, Fla. - Is a 30-year, 3.99% mortgage too good to be true? Not if it's offered by Tyndall Federal Credit Union here in the Florida panhandle.

Credit Union Journal encourages reader feedback. Letters to the Editor can be sent to Managing Editor Lisa Freeman at lfreeman cujournal.com. Letters can also be faxed to 561-832-2939 or submitted online at www.cujournal.com. (c) 2007 The Credit Union Journal and SourceMedia, Inc. All Rights Reserved. http://www.cujournal.com http://www.sourcemedia.com

TAMPA, Fla. - For all the convergence and consolidation in financial services, there is one kind of deal that so rarely gets mentioned even as a possibility that some may wonder if it is even an option: Can a bank or a thrift buy a credit union?

PANAMA CITY, Fla. - Is a 30-year, 3.99% mortgage too good to be true? Not if it's offered by Tyndall Federal Credit Union here in the Florida panhandle.

Throughout 2007, the Credit Union Journal, in conjunction with ENCORE Card Services, are profiling the CUs of each U.S. state and D.C in the order they became states. For info: visit www.encore-ecs.coop.