-
KENSINGTON, Md. - The board at Lafayette FCU, which has withdrawn its plan to convert to a bank following problems surrounding the member vote, issued a statement recently via the credit union's website blaming the problems on the firm that audited the vote, trade groups and others.
February 5 -
WASHINGTON - CUNA and NAFCU were skirmishing last week as they were meeting to draft proposals for CURIA, the CU Regulatory Improvements Act introduced in each of the last two congresses.
February 5 -
EL PASO, Texas - The National CU Foundation and Fannie Mae announced matching $25,000 grants last week to help fund a savings campaigned targeted towards the burgeoning Hispanic population. Almost two dozen credit unions focusing on Hispanic communities will participate in "Hispanic America Saves," an affiliate of the Consumer Federation of America's "America Saves" campaign.
February 5 -
WASHINGTON - The FDIC dealt a near-fatal blow last week to the effort by Wal-Mart Stores for a bank charter when it voted to extend its moratorium for industrial loan companies owned by commercial entities for another 12 months.
February 5 -
MADISON, Wis. - The National Credit Union Foundation has given a $25,000 grant to the Network of Latino Credit Unions and Professionals (NLCUP) to help launch a national savings campaign for Hispanics. NLCUP was incorporated in April 2006 with support from the National Federation of Community Development Credit Unions (NFCDCU) and organizers presented plans to attendees at the Latino Credit Union Conference in Durham last summer. The money will help to hire a campaign coordinator.
February 5 -
WASHINGTON - Republican lawmakers are balking at a new proposal on the much-debated bill to reform oversight of the secondary mortgage market, particularly a provision to collect as much as $700 million a year from Fannie Mae and Freddie Mac to fund affordable housing projects by credit unions, banks and community development corporations.
February 5 -
JACKSONVILLE, Ark. - Arkansas Federal Credit Union has donated $80,000 to Arkansas Children's Hospital Foundation.
February 5 -
ST. LOUIS — Building a branch and putting out a "Se habla Espanol" sign isn't enough.
February 5 -
ARVADA, Colo. - When Colorado's and Wyoming's state legislatures open their 2007 sessions the states' credit unions say they will be well-positioned. The Credit Union Associations of Colorado and Wyoming said its stepped-up political advocacy should pay dividends as credit unions were active on a bipartisan basis in assisting with grassroots organizing, fundraising and endorsement of candidates who support credit unions.
February 5 -
SAN DIMAS, Calif. - Although 52% of all credit unions are managed by females, the developers of a recent Women's Leadership Workshop say only six of the top 100 CUs-and just 1% of credit unions with $250 million to $1 billion in assets-are led by women.
February 5 -
SANTA ROSA, Calif. - This Northern California community soon will have commercial air service for the first time since shortly after the Sept. 11 terrorist attacks, thanks in part to Redwood Credit Union's campaign to gather pledge travel dollars toward Horizon Air flights.
February 5 -
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.
February 5 -
-
RALEIGH, N.C. - State Employees' Credit Union wants its members to look at themselves, so they are holding up a very large mirror, eventually in all 205 branches.
February 5 -
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.
February 5 -
DETROIT - The automotive industry press is praising credit unions for achieving a record-setting year in auto lending. A Jan. 8 article in Automotive News quoted a J.D. Power statistic showing that credit unions captured nearly 10% of the new vehicle loan market in 2006, a new record. The article went on to explain that dealers prefer credit unions during higher interest rate periods, because they offer lower rates and longer terms than banks. In 2006, the average new car loan rate for credit unions was 5.7%, compared to 6.8% for banks. (c) 2007 The Credit Union Journal and SourceMedia, Inc. All Rights Reserved. http://www.cujournal.com http://www.sourcemedia.com
February 5 -
BURBANK, Calif. - For two credit unions located on opposite sides of the country, Partners FCU and Vista FCU have a lot in common. Both are good-sized CUs with more than 100 employees and thousands of members who work for the sprawling entertainment interests of The Walt Disney Company.
February 5 -
MADISON, Wis. - The National Credit Union Foundation has given a $25,000 grant to the Network of Latino Credit Unions and Professionals (NLCUP) to help launch a national savings campaign for Hispanics. NLCUP was incorporated in April 2006 with support from the National Federation of Community Development Credit Unions (NFCDCU) and organizers presented plans to attendees at the Latino Credit Union Conference in Durham last summer. The money will help to hire a campaign coordinator.
February 5 -
WASHINGTON - CUNA and NAFCU were skirmishing last week as they were meeting to draft proposals for CURIA, the CU Regulatory Improvements Act introduced in each of the last two congresses.
February 5 -
MILFORD, Conn. - GE Employees Federal Credit Union here is suing San Francisco resident Lorraine O. Legg for more than $7 million in damages, alleging that she improperly pocketed monies from three mortgages instead of selling them in the secondary market as promised and remitting the proceeds, according to local press reports.
February 5
