Credit Union Journal articles from April 2009

Credit Union Journal archives from April 2009

Depending on Lending; Loan Demand At CUs? Depends On The Region.(Lending)
April 6, 2009... Byline: Lisa Freeman, Managing Editor MADISON, Wis.-Entering the second quarter of a year many expect to be a low point in a recession, demand for loans and the ability of credit unions to fund them is in large part dependent upon regional...

CUs Escape Red River Flood.(General News)
April 6, 2009... Byline: Joyce Moed FARGO, N.D. and MOORHEAD, Minn.-Credit unions here largely escaped damage from a flooding Red River, which crested more than 20 feet above flood stage. In Fargo, Postal Family CU temporarily closed a branch but was...

WORTH NOTING.(News)
April 6, 2009... High Desert To Be Merged By June 30 APPLE VALLEY, Calif.-High Desert FCU, which was placed under conservatorship by NCUA in October 2008 after losing $15.4-million in the first three quarters of the year, is to be merged with another...

How USA FCU's Branding Campaign Helped 'Spike' Growth.(Financial Performance)
April 6, 2009... Byline: Michael Bartlett, Reporter SAN DIEGO-With his studded collar and fierce name, Spike is not about to back down just because the economy's in flux-just one of the reasons USA FCU chose the 59-pound bulldog to be its official...

NOW IN THE MARKET.(News)
April 6, 2009... TMG Acquires Pioneer CU Portfolio DES MOINES, Iowa-TMG Financial Services has acquired the credit card portfolio of Pioneer CU in Green Bay, Wis. The portfolio has $13 million in account balances and 6,300 accounts under management. ...

How MAX CU's Efforts To Go Green Are Also Helping CU To Grow Green.(Financial Performance)
April 6, 2009... Byline: Joyce Moed, Reporter MONTGOMERY, Ala.-Going "green" is red hot, which is why MAX CU created the EcoMAX Home Expo, an inititiative that not only created buzz for the CU but has become part of its overall growth strategy. D.G....

Sink, or Swim?(News)
April 6, 2009... SAN DIEGO-Be among the first 85 people to register for Credit Union Journal's Grow Show, and you'll have the opportunity to hear some Blue Ocean strategies-literally. Get leadership insights from Capt. Mike Manazir, commanding officer of the...

This Is A Heck Of A Way To 'Celebrate' A 100th Birthday!(Opinions)
April 6, 2009... Byline: Frank J. Diekmann I don't believe any of this was part of the grand plan. Like carefully planning a child's special birthday party only to have Aunt Tina get drunk and light the curtains on fire after shoving the birthday girl...

Just One Month To Go!(credit union journal's grow show )(Viewpoint essay)(Brief article)(Conference notes)
April 6, 2009... Byline: Frank J. Diekmann SAN DIEGO-Be among the first 85 people to register for Credit Union Journal's Grow Show April 27-29 and you'll have the opportunity to hear some Blue Ocean strategies - literally. Get leadership insights from...

NCUA Action Will Lead To More Losses.(Opinions)
April 6, 2009... Byline: Hudson Lee The decision by the NCUA to place U.S. Central Corporate FCU and WesCorp FCU into conservatorship will result in an even higher loss compared to what was announced at the end of January. These actions are even more...

FASB Rejects Retroactivity For Mark-To-Market Rules.(Financial Performance)
April 6, 2009... Byline: Ed Roberts, Washington Bureau Chief NORWALK, Conn.-The Financial Accounting Standards Board voted several changes to its mark-to-market rules last Thursday to ease the strain on CUs and other financial institutions-but rejected...

Remembering Callahan: Philosophy Was Spot On And Still True.(Opinions)
April 6, 2009... Byline: Deb McLean I met (former NCUA Chairman) Ed Callahan very briefly at a credit union conference in California several years ago-he was recognized from the podium and then asked to speak for a few minutes by the organizers of the...

CU Movement Can't Afford To Have 'Uncooperative Quarterbacks'.(Opinions)
April 6, 2009... Byline: Michael Dillon Editor's Note: the following letter was written in response to NCUA's announcement that it will allow CUs to spread the cost of the corporate stabilization plan over seven years. I hope the NCUA Board didn't...

Coastway CU Conversion Proposal Just Doesn't Add Up.(Opinions)
April 6, 2009... Editor's Note: Below are excerpts from a letter that appeared in the Providence Journal and authored by Erbin Crowell, a member of the board of the National Cooperative Business Association, about the proposed conversion to mutual savings bank...

CUNA To Work with NCUA On proposals to congress.(Washington Watch)
April 6, 2009... Byline: Analysis by Ed Roberts WASHINGTON-CUNA executives thought better last week of going to war with NCUA over the prior week's takeovers of U.S. Central FCU and WesCorp FCU, and instead will work with the federal agency to try to...

AGENDA.(Washington Watch)
April 6, 2009... Meetings NCUA Board meeting, Alexandria, Va., April 21 Comment Federal Housing Finance Agency: Comments on Capital Classifications and Critical Capital Levels for the Federal Home Loan Banks are due May 15. Treasury...

PEOPLE.(Washington Watch)
April 6, 2009... CMG Mortgage Insurance Co., San Francisco, awarded Chad Shipman account executive of the year, Ira Oskowsky regional sales director or the year and Suzette Jordan regional sales director sales plan achievement award. Corporate America...

Credit Card Restrictions Approved.(News From cujournal.com)
April 6, 2009... WASHINGTON-A key congressional committee voted to approve to a credit card reform bill that would go much further than the new card rules adopted by the Federal Reserve in DecemberA and would go into effect much sooner. The bill endorsed...

NCUA Sets Plan To Merge HDFCU.(News From cujournal.com)
April 6, 2009... APPLE VALLEY, Calif.-High Desert FCU, which was placed under conservatorship by NCUA in October 2008 after losing $15.4-million in the first three quarters of the year, is to be merged with another credit union. But which credit union will make...

CU Offers Schools 'Deposit Days'.(News From cujournal.com)(credit unions)(Brief article)
April 6, 2009... MULBERRY, Fla.-Community First CU has struck a deal with a local school district to have staff visit schools and collect deposits from students. As part of the credit union's "Deposit Days" program, Community First staff will provide...

Looking To Boost Lending? Start By Looking At Key Ratios.(General News)
April 6, 2009... Byline: Ray Birch, Correspondent IRVINE, Calif.-To improve loan department efficiency, the credit union needs to examine ratios showing net income per loan and net income per loan officer. Those metrics provide the data that allows...

Leadership & The Recession; Analysts Say Challenge To CU Leaders Goes Well Beyond Balance Sheet.(General News)
April 6, 2009... Byline: Matt Blumenfeld, Reporter CLEVELAND, Ohio-Effectively leading a credit union in the current environment is about much more than just managing the balance sheet. Both management consultants and veteran CU leaders told Credit...

Analyzing Branch Performance Requires Accurate, Specific Metrics.(General News)
April 6, 2009... Byline: Ray Birch, Correspondent CINCINNATI-When it comes to measuring branch performance, credit unions may have goals and metrics, but often they are not specific enough. According to Arp Trivedi, VP of strategic planning at DEI,...

Organizational Design, Policy Drive Back-Office Success.(General News)
April 6, 2009... Byline: Ray Birch, Correspondent Cincinnati-Before the credit union measures back-office performance, it should first examine organizational design and check for consistent business policies. According to Arp Trivedi, VP of strategic...

Digital Signage Is Only As Effective As Its Message.(General News)
April 6, 2009... Byline: Ray Birch, Correspondent SCOTTS VALLEY, Calif.-Installing a digital signage system at the credit union may not be a good investment unless the CU measures the effectiveness and relevance of its messaging, suggests one vendor that...

Marketing Performance Starts With Setting Goals Based On Benchmarks.(General News)
April 6, 2009... Byline: Ray Birch, Correspondent FAIRFAX, Va.-A "key" to effective marketing is having measurable goals the credit union tracks throughout a campaign, shares one national branding and marketing consultant who warns against waiting too long...

Outside Looking In: How To Assess Branch Performance.(General News)
April 6, 2009... Byline: Ray Birch, Correspondent ST. LOUIS-Measuring branch performance requires looking outside the walls of the credit union as well as inside, says one design and implementation firm that recommends monitoring business results at nearby...

How Point West CU Sweetened The Pot To Drive New Checking Product.(General News)
April 6, 2009... Byline: Michael Bartlett, Reporter PORTLAND, Ore.-Point West CU recently unveiled a new checking product, with an unusual and "sweet" promotional twist. Thanks to a partnership with a local bakery, the credit union is seeking to drive...

CUJ EXIT INTERVIEW: Jody Beck's 32-Year Career In CUs All Started With A Loan She Didn't Qualify For.(General News)
April 6, 2009... Byline: Lisa Freeman, Managing Editor DALLAS-Back in 1977, Jody Beck didn't even know what a credit union was. Thirty-two years later and going into retirement, Beck has become "synonymous" with Southwest Corporate FCU, an institution...

CU Reaching Out To Help Prospective Parents With Adoption Costs.(Lending)
April 6, 2009... Byline: Matt Blumenfeld, Reporter GLENDORA, Calif.-Couples who need help covering the cost of an adoption can now turn to a local credit union for help. America's Christian Credit Union introduced a new adoption loan program that will help...

Discounted Auto Loans Lead To Unseasonably Big Volume Jump.(Lending)
April 6, 2009... Byline: Matt Blumenfeld, Reporter LATHRUP VILLAGE, Mich.-Many CUs see a real cold spell in car loans during the winter months, but one credit union was able to jumpstart an auto lending heat wave in the midst of a cold snap. Michigan...

LENDING BRIEFS.(Lending)
April 6, 2009... Ellie Mae Reports Record Apps PLEASANTON, Calif.-Ellie Mae, a provider of loan processing software for mortgages, reported that during the first full week of 2009 the company saw a record number of new mortgage applications originated...

Senate Pushes Ahead With Help On Corporate Bailout.(Financial Performance)
April 6, 2009... Byline: Ed Roberts, Washington Bureau Chief WASHINGTON-The Senate Banking Committee endorsed a measure that would provide as much as $24 billion in funding for the National CU Share Insurance Fund on an emergency basis, moving ahead with...

How 1 CU's 'Rapid Refi' Program Is Cutting Members' Mortgage Costs In A Hurry.(Lending)
April 6, 2009... Byline: Matt Blumenfeld, Reporter MADISON, Wis.-Members at UW Credit Union here can slash their mortgage costs quickly thanks to a new program that bypasses closing costs and appraisals. The "Rapid Refinance" program was introduced as...

As Some Lenders Get Cold Feet, CUs Jump Into Mortgages With Both Feet.(Lending)(credit unions)(Survey)
April 6, 2009... Byline: Joyce Moed, Reporter WEST PALM BEACH, Fla.-While other lenders have backed away from making new mortgages-and in some cases even closed up their mortgage shops-credit unions have jumped into the market with both feet. Indeed,...

Financial Shock & Awe: CUs Are Open For Business And Making Loans.(Lending)
April 6, 2009... Byline: Lisa Freeman, Managing Editor ARLINGTON, Va.-Credit unions are shocking the experts by continuing to make loans. "We keep putting out the message that credit unions are open for business, that credit unions are still lending,...

How 1 CU Is Boosting Lending While Also Keeping Charge-Offs At Bay.(Lending)
April 6, 2009... Byline: Lisa Freeman, Managing Editor HOUSTON-When everyone else was getting into mortgages, Smart Financial CU got out, and now that everyone's getting out, Smart Financial is finally getting back in. "About two years ago, you had a...

ON DEADLINE.
April 6, 2009... NCUA Gives CUs Time To Expense NCUSIF Premium ALEXANDRIA, Va.-NCUA directed credit unions to expense the premium it assesses to recapitalize the National CU Share Insurance Fund when the premium is assessed, probably in the fourth quarter...

Save To Win Offers $100,000 Prize As Part Of Effort To Boost Consumers' Savings.(General News)
April 6, 2009... Byline: Ray Birch, Correspondent LANSING, Mich.-Apparently, $100,000 is enough incentive to encourage members to save. A new program called Save to Win will award one member of a Michigan credit union $100,000 early next year. Eight...

Disclosures Reveal $197K More For Mica.(News)
April 6, 2009... WASHINGTON-CUNA said compensation disclosures provided to the credit union trade press for its president and CEO Dan Mica were incomplete and should have listed another $197,000 Mica was paid by CUNA affiliate CUNA Strategic Services in 2007,...

State Issues Cease-And-Desist To Eastern Financial CU.(General News)
April 6, 2009... Byline: Ed Roberts, Washington Bureau Chief MIRAMAR, Fla.-State regulators issued a cease-and-desist order against Eastern Financial Florida CU for unsafe and unsound practices as it struggles to dig out from under the state's mortgage...

Country's Bankers Not Happy With Campaign.(General News)
April 6, 2009... SOPOT, Poland-It's an ad slogan many U.S. credit unions could back-with results many would also envy. A two-week ad campaign sponsored by credit unions in this country that used the tagline "Don't blame us! We're not banks," has appeared...

The Road Ahead For Corporate CUs; Trade Groups, Credit Unions Offer Vision of One-Tiered System With (Perhaps) Fewer Corporates Overall.(Corporate Credit Unions)
April 13, 2009... Byline: Ed Roberts, Washington Bureau Chief ALEXANDRIA, Va.-There was growing consensus last week that whatever the future might hold for corporate credit unions, there will be fewer of them. In comment letters to NCUA as part of its...

WORTH NOTING.(General News)
April 13, 2009... Funds Being Raised For Slain Officers' Families PITTSBURGH-The Greater Pittsburgh Police FCU is accepting donations to its Pittsburgh Fallen Heroes memorial fund in memory of three Pittsburgh police officers who were tragically killed in a...

The American Debt Relief Challenge; Credit Unions making a real difference.(General News)
April 13, 2009... WEST PALM BEACH, Fla.-Credit Union Journal has entered into a partnership with the American Debt Relief Challenge, a credit union-backed effort to save at least 37,400 cosumers more than $300 million. For details, www.adrchallenge.com.

How CUs Can Leverage Biz Loan Opportunities.(General News)
April 13, 2009... Byline: Joyce Moed, Reporter ATLANTA-A number of experts have said that banks pulling back on commercial lending has opened up a window of opportunity for credit unions-now one expert is offering strategies for leveraging that opportunity....

CMN Fundraising Race Blooms In DC Despite The Economy.(General News)
April 13, 2009... WASHINGTON-The CU Cherry Blossom Run drew record crowds April 5-with some reports putting the number of runners at close to 15,000-raising about $1 million for the Children's Miracle Network. Sarah Turner, one of the credit union organizers...

Grow Show To Hear How Seattle Metropolitan Turned $3K Into A Million-Plus Dollars.(General News)
April 13, 2009... Byline: Joyce Moed, Reporter SEATTLE-One credit union plans to share how it turned $3,000 into millions in national media for its Seven Principles brand and the CU industry. Jill Vicente, VP/chief marketing officer for Seattle...

Sink, or Swim?(General News)
April 13, 2009... SAN DIEGO-Be among the first 85 people to register for Credit Union Journal's Grow Show, and you'll have the opportunity to hear some Blue Ocean strategies-literally. Get leadership insights from Capt. Mike Manazir, commanding officer of the...

The Profits & The Prophets, The Gophers & The Gurus.(Viewpoint essay)
April 13, 2009... Byline: Frank J. Diekmann While cleaning out the Reporter's Notebook: * During the California league's recent Big Valley Conference (which takes place on what is technically a peninsula, by the way) in Monterey, Calif., economist...

CALENDAR.(General News)(Calendar)
April 13, 2009... APRIL April 14-16 Alabama CU League Annual Meeting, Hilton Sandestin Beach, Destin, Fla.. Hotel: www.sandestinbeachhilton.com. For info: www.acul.com or 205-991-9710. April 14-17 CUES Experience, Hyatt Regency Denver at...

Brain Trust: Advice From Retired CU Leaders.(Opinions)
April 13, 2009... Editor's Note: This is the first in a series drawing from questions posed by credit union executives to members of Credit Union Retired Executives (CURE), a resource for free, confidential management advice and direction. The answers are...

Being Big Doesn't Mean Knowing Better What Small CUs Need From Corporates.(Opinions)
April 13, 2009... Byline: Robert Cleary With all due respect to Navy Federal Credit Union and the comments made by Mr. Dawson (Navy Fed Calls For Abolishment Of Corporate CU System, CU Journal Daily, April 3), I am the Treasurer of one of those "small"...

Mergers Ahead, But Who Will Yield?(Corporate Credit Unions)
April 13, 2009... Byline: Ed Roberts, Washington Bureau Chief ALEXANDRIA, Va.-While there is some early agreement that a consolidation of corporates lies ahead, the question has become which corporates should survive and which ones should not? That's...

Before Making Judgments On The Future Of Corporates: Show Me The Evidence.(Opinions)
April 13, 2009... Byline: Henry Wirz The comments from Amherst Securities and other securities dealers (in the article titled "Analysts See Fallout On Image, Systemic Risk," March 30, CU Journal) are self serving. The credit union system had far more...

'Mind-Numbingly Simplistic' Appraisal Process Must Be Brought Up To Date.(Opinions)
April 13, 2009... Byline: David B. Moore Among the handful of primary culprits for the current credit crisis-which includes Alan Greenspan's Fed, Wall Street "innovators," reckless community bankers, and irresponsible real estate speculators, among...

PEOPLE.(General News)
April 13, 2009... US Federal Credit Union, Burnsville, Minn., named Janelle Stockwell branch manager and Dansherryl Knapp information services manager. Los Angeles Police FCU Van Nuys, Calif., named LuAnn Smith vice president of risk management. ...

Family Charged In Check Scheme.(General News)
April 13, 2009... ALEXANDRIA, Va.-Federal authorities say a trio of check counterfeiters threatened people with violence so they would cash at least 90 fake checks totaling more than $100,000 at Washington-area credit unions. Reginald Hazelwood was charged...

Plan Targets Loan Mod Fraud.(General News)
April 13, 2009... WASHINGTON-The Treasury Department has unveiled a coordinated plan to thwart loan modification fraud schemes. The Treasury is acting along with the Federal Trade Commission, the Department of Housing and Urban Development, the Justice...

Experts: CUs Are Staying The Course Despite Economy, Corporate Situation.(Financial Performance)
April 13, 2009... Byline: Matt Blumenfeld, Reporter BIRMINGHAM, Ala.-Despite the toll the corporate failures and the economy in general is taking on credit unions, most are sticking with to their gameplan, experts told CU Journal. In his current...

Why CUs Must Keep Tight Control On Member Satisfaction, Community Image.(Financial Performance)
April 13, 2009... Byline: Matt Blumenfeld, Reporter ANN ARBOR, Mich.-As bank customers are displaced because of financial sector turmoil, analysts are saying it is more important than ever for credit unions to keep a tight control on member satisfaction and...

CREDIT UNIONS IN THE MEDIA.(General News)
April 13, 2009... TIME.com featured credit unions in a piece headlined, "Bad Times for Banks Mean Boom Times for Credit Unions." The article quoted Ed Speed, CEO of Texas Dow Employees CU, who noted its real estate lending has doubled and auto lending is up more...

N.J. League Rolls Out Statewide Multi-Media Ad Campaign.(General News)
April 13, 2009... Byline: Joyce Moed, Reporter HIGHTSTOWN, N.J.-The New Jersey CU League has rolled out a statewide multi-media ad campaign that seeks to use the current economy to reinforce the the value of credit unions. The campaign also includes...

Ford Plans To Join Invest In America.(Lending)
April 13, 2009... Byline: Ray Birch, Correspondent LANSING, Mich.-Invest in America will soon provide credit union car-buying support to Ford, and is expanding its agreements with General Motors and Chrysler. Kim Irwin, VP of Invest in America, told...

Pennsylvania Unveils Spanish Ads.(General News)
April 13, 2009... HARRISBURG, Penn.-The Pennsylvania Credit Union Association has begun running two Spanish-language 30-second radio spots with information about the benefits of joining a CU as part of Pennsylvania's iBelong campaign. The spots are similar...

70-Year-Old CU Gives Itself Full Makeover.(General News)
April 13, 2009... Byline: Matt Blumenfeld, Reporter GROTON, Conn.-Staffers at Charter Oak Federal Credit Union knew they had a marketing problem when it became clear members were unaware of at least one of its long-standing branch locations. At the...

Trade Groups' Recommendations On Corporates.(Corporate Credit Unions)
April 13, 2009... CUNA: Reduction In Corporates, National FOMs, Outside Directors WASHINGTON-CUNA said an overhaul of the corporate credit union network would be most effective if it offered limited services (which would result in a reduction in the number...

Customized Deposit Automation Soars.(Corporate Credit Unions)
April 13, 2009... Byline: Michael Bartlett, Reporter COLUMBUS, Ohio-News over the past year related to corporate credit unions has generally focused on balance sheet challenges and even conservatorships. But beyond those headlines a number of the...

Branch Capture Sees Rapid Adoption.(Corporate Credit Unions)
April 13, 2009... Byline: Michael Bartlett, Reporter PLANO, Texas-Southwest Corporate reported tremendous growth it its remote deposit services during 2008. The number of credit unions participating grew 57% as 160 new credit unions joined the program,...

Real-Time Check Fraud Detection About To End The Days of the Paper Hanger.(Corporate Credit Unions)
April 13, 2009... Byline: Michael Bartlett, Reporter PLANO, Texas-The days of "paper hangers" may be drawing to a close, as real-time check fraud detection becomes a reality. Brad Ganey, vice president of item processing for Southwest Corporate, said...

NCUA's Fryzel Presses Lawmakers On Corp. Funds.(Corporate Credit Unions)
April 13, 2009... Byline: Ed Roberts WASHINGTON-NCUA Chairman Michael Fryzel visited top lawmakers in the House and Senate to kick off a push for a new corporate credit union bailout fund. "The NCUA proposal has been very well-received in our initial...

U.S. Central Conservatorship Affects Corporates' S&P Ratings.(Corporate Credit Unions)
April 13, 2009... WALL STREET-Standard & Poors said last week it lowered its ratings on six corporate credit unions in light of the trickle-down effect of the failure of U.S. Central FCU, which forced all corporates to charge-off their capital in U.S. Central....

NOW IN THE MARKET.(General News)
April 13, 2009... Xtend Extends Its Stock Pricing GRAND RAPIDS, Mich.-Xtend Inc. a CUSO, is extending through 2009 its $13,500 stock pricing to qualified credit unions and CUSOs that are "looking to invest in a fast-growing, innovative industry partner." To...

Helping Members Do The Right Thing.(General News)
April 13, 2009... Byline: Ray Birch, Correspondent BEDFORD, Mass.-Saving money, suggests one credit union, is like eating spinach- many people don't like to do it but they know it's good for them. That philosophy led Hanscom FCU to offer a 5% APY on an...

How Credit Unions View FASB Ruling On Mark-To-Market.(Financial Performance)
April 13, 2009... A Positive Moving Forward, But... BIRMINGHAM, Ala.-Corporate credit union earnings in 2009 will look much better than the previous year thanks to FASB's mark to market ruling, according to a former NCUA chairman. Dennis Dollar,...

How Corporates, Others See FASB Accounting Ruling.(General News)
April 13, 2009... Byline: Michael Bartlett, Reporter WASHINGTON-The Financial Accounting Standards Board's decision to make changes to its mark-to-market rules is receiving mixed reviews from the CUs those revisions were supposed to help. "We are...

New Team Aims To Help CUs Earn CDFI Certification, Gain Share Of $145M In Funding.(General News)
April 13, 2009... Byline: Joyce Moed, Reporter SAN FRANCISCO-A newly formed organization-the Credit Union Funding Access Team-has one goal in mind: to increase the amount of CDFI-certified credit unions. With that certification, they will be eligible to...

St. Louis Browns Kept Alive By American Eagle CU.(General News)
April 13, 2009... ST. LOUIS-The St. Louis Browns haven't taken to the field here since 1953, but they're being kept alive in part by American Eagle Credit Union, a division of Anheuser-Busch Employees Credit Union. The team relocated in 1954 and became the...

BizKid$ Rings Closing Bell At The NASDAQ Stock Exchange, CUs Get Boost In Times Square.(General News)
April 13, 2009... NEW YORK-Representatives of BizKid$, the credit union-sponsored financial literacy TV program aimed at kids, and credit union supporters rang the closing bell last week at the NASDAQ stock exchange. As part of the event, BizKid$ video aired at...

How Counseling Helps Gain Walletshare.(General News)
April 13, 2009... BEDFORD, Mass.-Offering free credit score counseling does more than help members become better money managers, it has improved Hanscom FCU's share of wallet. Hanscom Federal has been offering the free service as a means to strengthen...

ON DEADLINE.(General News)
April 13, 2009... NAFCU Presses NCUA For Accounting Clarification ARLINGTON, Va.-NAFCU is pressing NCUA for clarification on accounting issues should Congress pass legislation creating a Corporate Credit Union Stabilization Fund. Specifically, said...

How 2 South Florida CUs Are Offering Members A 'Fresh Start' In Homeownership.(Mortgages)
April 13, 2009... Byline: Ray Birch, Correspondent TAMPA, Fla.-A program called Fresh Start is benefitting the Florida housing market, local consumers, and credit unions, say two CUs that offer the lease-to-own program on foreclosed properties (CU Journal,...

WesCorp's Former Board Won't Contest Conservatorship.(Corporate Credit Unions)
April 13, 2009... SAN DIMAS, Calif.-Former members of the board of Western Corporate FCU (WesCorp), who were removed as the result of NCUA's conservatorship of the corporate credit union, have issued a statement saying they have voted unanimously against...

What To Do Now, What Lies Ahead.(General News)
April 13, 2009... Byline: Frank J. Diekmann ORLANDO, Fla.-During a panel discussion here credit unions were told what to expect for the rest of the year economically, and given some insights into what Washington might have in store. The discussion took...