Credit Union Journal articles from February 2006

Credit Union Journal archives from February 2006

Conversion Bid Could Head To Capitol Hill.
February 6, 2006... ALEXANDRIA, Va. -- The controversy over credit union conversions was rekindled anew last week and appeared headed once again for Capitol Hill, where Congress will be asked to pose as a referee. The issue came to a boil when NCUA rejected...

Secondary Mortgage Mkt. Launched By Federation.
February 6, 2006... NEW YORK -- The National Federation of Community Development CUs last week launched its own secondary market for mortgage loans made by CDCUs under the Federation's CU Mortgage Center program. The initiative is aimed at providing a market...

Corporates Pursue Different Strategies As Consolidation Shrinks Number Of Players.
February 6, 2006... PORTLAND, Ore. -- The continued consolidation of the corporate credit union system is driving corporates to pursue several strategies: delve deeper into niche markets, continue to expand, or develop more strategic partnerships. "The world...

MCUL Asks DFCU, 'Where's the Value?'.
February 6, 2006... NORTHVILLE TOWNSHIP, Mich. -- The Michigan league said it has "serious concerns" related to the bid by DFCU Financial credit union to convert to a bank. In the wake of release of the disclosure materials the credit union is providing to...

Presenting The FRANKIE Awards.(Brief Article)
February 6, 2006... WEST PALM BEACH, Fla. -- In the wake of congressional hearings in late 2005 questioning the validity of the CU tax exemption and what value credit unions offer, Credit Union Journal Editor Frank J. Diekmann challenged credit unions to answer...

Allpoint Acquisition Boosts Cardtronics.
February 6, 2006... HOUSTON -- Cardtronics, the nation's largest ATM company, continued to make major inroads into the credit union movement last week with an announcement it has acquired Allpoint, the growing, surcharge-free ATM network popular among credit...

On Deadline.(Brief Article)
February 6, 2006... Rainy Day! What Rainy Day? Said Members MADISON, Wis.-Deposit growth for credit unions ground to a near halt in 2005, growing by just 3.8%, the lowest since 1994, according to CUNA's year-end data released to The Credit Union Journal. ...

Two-Dozen CUs, Banks Victimized In ATM 'Skimming' Scheme In Calif.(credit card fraud )
February 6, 2006... SACRAMENTO, Calif. -- More than two-dozen credit unions and banks were victimized by a debit card "skimming" scheme in which a criminal gang of Romanian immigrants manufactured phony cards and used them to withdraw hundreds of thousands of...

For CU, Exit Road Here.(Brief Article)
February 6, 2006... LIVE OAK, Texas -- Randolph-Brooks FCU here may have become the only credit union in the nation with a freeway exit sign in its name. After the $2.5 billion credit union moved its headquarters to this San Antonio suburb, and brought 300...

CU Helps Count Pennies.(credit union)(Brief Article)
February 6, 2006... BEL AIR, Md. -- Member service representatives at HAR-CO Maryland FCU were weighted down with charity last week as they counted more than one million pennies-an estimated three tons-raised by elementary students at nearby St. Margaret's School...

Worth Noting.
February 6, 2006... PSCU-FS CUs Help Raise $200K ST. PETERSBURG, Fla.-At the end of a voluntary, four-month effort, approximately 115 credit unions raised more than $200,000 for Red Cross hurricane relief efforts in conjunction with PSCU Financial Services....

Campaign From One CU Benefits All-And Wins A Frankie.(credit unions)
February 6, 2006... There's an old saying about the game of golf: "It's simple, it just isn't easy." The same can be said of a challenge The Credit Union Journal presented to readers in 2004: How do you simply describe the differences between a credit union...

Why One Ore. CU Sees A Return In Educational Seminars.
February 6, 2006... CLATSKANIE, Ore. -- Wauna Federal Credit Union has made a regular habit of hosting educational seminars in this market, and in the process has learned some lessons itself. The reasons, said Debi Smiley, Wauna FCU's chief operating officer,...

Broad Effort To Assist Low-Income Taxpayers Returns.(Federal Credit Union)(Brief Article)
February 6, 2006... NEW YORK -- The Lower East Side People's FCU has again launched one of the broadest credit union-sponsored efforts in the country to get low-income people qualified for the Earned Income Tax Credit and VITA Tax assistance. According to...

VITA Statistics.(federal credit unions)(Volunteer Income Tax Assistance )(Brief Article)
February 6, 2006... NEW YORK -- Below is a look at Lower East Side People's FCU's experience in helping people qualify for the EITC. YR # Claims Total Refunds # Of New Processed Claimed Accounts 3 298 ...

Worth Noting.(Bruce Barnett retire from president post)(Citizens Equity Federal Credit Union president Eldon Arnold is likely to retire)
February 6, 2006... CEOs Announce Retirements FRESNO, Calif.-Bruce Barnett, president of Educational Employees Credit Union, has said he will retire effective Jan. 15, 2007. Barnett has been CEO since 1986, during which he has overseen asset growth from $50...

Harborstone Adds Defibrillators At All Of Its Branches.
February 6, 2006... TACOMA, Wash. -- On two separate occasions, members of Harborstone Credit Union members have gone into cardiac arrest inside one of its branches-and employees could do little more than perform CPR and hope an ambulance arrived quickly. ...

Study: Few Have Made Move To Direct Deposit.(paper checks usage survey)(Brief Article)
February 6, 2006... WASHINGTON -- While nearly all Americans are familiar with the risk from identity theft, few have made the move to direct deposit over paper checks, according to a new survey. The study was commissioned by the U.S. Treasury Department and...

Product & Service.(Brief Article)
February 6, 2006... Diebold Tests Opteva ATMs NORTH CANTON, Ohio-Diebold, Inc. said it has successfully completed testing for the new $10 bill and its Opteva family of ATMs and legacy equipment are capable of accepting and dispensing the new notes. The...

The Frankie Awards: Recognizing Credit Unions That Do The Best Job of Explaining Credit Unions.
February 6, 2006... The Inagurual Winner: Suncoast Schools What is a credit union? And how do you explain the concept? The Credit Union Journal has challenged its readers to answer those two questions in late 2004 as part of our first-ever Frankie Awards....

CUNA Hits New Highs As It Gets Busy PAC-ing.(Credit Union National Association)
February 6, 2006... WASHINGTON -- CUNA continued its trek towards the head of the list of political givers last year by setting a new high for campaign contributions. CUNA's political action committee, which has increased its might-financially speaking-since...

People.(Ray Spreier appointed as vice president of Mid Oregon Credit Union)(Rick Foley appointed to the board of Credit Union Service Corporation)(Pamela Townsend named as branch manager in Alaska USA Federal Credit Union)
February 6, 2006... Mid Oregon Credit Union, Bend, Ore., named Ray Spreier vice president and chief information officer. Cornerstone Community Financial Credit Union, Auburn Hills, Mich., named Mary L. Pittenger vice president of lending. Credit Union...

The CU Journal Daily.
February 6, 2006... Investors Pressure Converted CU CRANFORD, N.J.-Just two years after becoming one of the first converted credit unions to go public, Synergy Financial Corp., a mutual thrift holding company, is being pressured by a group of banking...

Community Page.
February 6, 2006... Credit Unions In Their Communities * ADP Federal Credit Union, Roseland, N.J., opened a new branch in Florham Park. * SELCO Community Credit Union, Eugene, Ore., donated $35,000 through its Mini-Grant Program to 190 teachers. *...

Advertising Bet Pays Off As Wash. CUs Air TV Spot During Super Bowl.
February 6, 2006... DETROIT -- The Seattle Seahawks weren't the only Washington institution to make a debut at this year's Super Bowl. This year's NFL championship game featured a single 30-second television spot touting the benefits of credit union membership...

Someone Is Eating (Or Drinking) Better This Week.
February 6, 2006... HARRISBURG, Penn. -- One of two league presidents will be among those who are paying off a bet on the Super Bowl this week. Pennsylvania CU Association President Jim McCormack, who lost a bet on last year's Super Bowl when the Philadelphia...

Community Page.(credit union donation for hurricane damage)
February 6, 2006... Credit Unions In Their Communities * iQ Credit Union, San Dimas, Calif., is offering Credit Unions for Kids gift cards with proceeds to benefit the Children's Miracle Network. * Christian Community CU, Covina, Calif., donated $25,000...

For Corporates, Shrinking Numbers Has Led To Different Strategies.
February 6, 2006... PARKERSBURG, W.Va. -- West Virginia Corporate says it has always been there for members, and a newly designed logo is intended to send the message that it will be for a lot longer. The $245-million WVCCU remains unique as a corporate...

More CUs Announce Year-End Bonuses.(Insight Financial Credit Union provides bonus dividends on all share accounts)(Brief Article)
February 6, 2006... ORLANDO -- Insight Financial Credit Union has declared a 1% bonus dividend on all share accounts and loans, returning more than $173,000 to members in the process. Each member in good standing received a 1% bonus dividend based on their 2005...

Seeking Answers, Getting Questions: IT Execs Left Befuddled At NCUA Position On Security.(National Credit Union Administration)
February 13, 2006... AUSTIN, Texas -- Don't look to examiners to clarify exactly how and when credit unions should protect member information under new national and industry data security guidelines, an NCUA panel of seven told 120 information technology (IT)...

Board Members, CEO At Former CU-Turned-Bank Fight Wall Street.
February 13, 2006... CRANFORD, N.J. -- Three long-time directors of Synergy Financial who engineered the former credit union's conversion to savings bank are fighting to hold off a hostile bid for their seats from a Wall Street investment firm. PL Capital,...

Miss. CU Officials Press For Details On Katrina Relief Plan.(government finance for damaged house)
February 13, 2006... JACKSON, Miss. -- State officials are expected to begin accepting applications as early as this week for a new program that will provide property owners whose homes were damaged by Hurricane Katrina with up to $150,000 in grants. Gov....

Innovative Line-Up For Innovative Meeting.(credit unions meetings)(Brief Article)
February 13, 2006... WEST PALM BEACH, Fla. -- The Credit Union Journal has unveiled the agenda for its inaugural Best Practices Conference, scheduled for April 27-28 in Miami. This one-of-a-kind event will offer attendees insights shared by credit unions that...

So What's The Hold Up?: Analysts On The Delay In Embracing Online Mortgage Lending.
February 13, 2006... WEST PALM BEACH, Fla. -- Consumers have readily embraced the Internet for conducting financial transactions-checking balances, transferring funds, and buying and financing automobiles. The one holdout, however, has been the granddaddy...

On Deadline.(credit union cases)(enhanced cell phones )(credit union sponsors police officers conference)
February 13, 2006... CU Trade Groups Join FOM Suit In Penn. WASHINGTON-Several credit union trade associations were approved by the U.S. District Court for the Middle District of Pennsylvania last week to become a party to a lawsuit filed against NCUA over an...

CUNA Mutual To Cut 90 Jobs.(reduce man power)
February 13, 2006... MADISON, Wis. -- CUNA Mutual Group, the ubiquitous credit union insurer doing business with virtually every credit union in the country, continued its retrenchment with an announcement to cut employment by 90 more positions, the third round of...

NCUA To Focus On PCA, Collecting Data.(National Credit Union Administration)(prompt corrective action)(Brief Article)
February 13, 2006... WASHINGTON -- NCUA's focus in 2006 will be on reforming prompt corrective action (PCA) and collecting data on credit union service to members. NCUA Chairman JoAnn Johnson said NCUA will soon unveil a process for collecing the member data....

Worth Noting.(Brad Beal appointed president of National Association of Federal Credit Unions)(financial services free education programs)(credit unions organize Springtime Credit Union Cherry Blossom 10-Mile Run)(Brief Article)
February 13, 2006... Beal Named NAFCU's Treasurer ARLINGTON, Va.-NAFCU has voted Brad Beal, president of Nevada FCU, as its new board treasurer. Beal replaces Bill Cheney, who is leaving his job as CEO of Xerox FCU to become president of the California and...

The Reason Certain People Aren't Welcome In Paradise.(Editorial)
February 13, 2006... If the work is good, then the person becomes excellent, and if you are excellent, you will leave a legacy for the future. -Hawaiian proverb It's fascinating how fundamental truths are universal and how, in the case of the proverb...

CU Economists Discuss Why Greenspan Oversaw Long Span Of Green.(Alan Greenspan most successful chairmen of Federal Reserve)
February 13, 2006... WASHINGTON -- Former Federal Reserve Chairman Alan Greenspan has left the building, but the legacy he leaves behind will live on, even as Ben Bernanke steps in to replace him. "In the big scheme of things, Greenspan will go down in history...

Analysis Shows Asset Size Big Driver In Portfolio Performance.
February 13, 2006... In looking to identify the relationship between balance sheet riskiness versus investment portfolio riskiness, our recent analysis of 5300 data shows an interesting factor in investment performance. Rather than the capital ratio, or the amount...

'Federation' Should Get The Credit For Aid.(Brief Article)(Column)
February 13, 2006... You can call me Chris. It's not my name, but over the years, I've been called it so many times (instead of Cliff) that I'm used to it. It doesn't bother me, and it doesn't usually cost me anything. But when two of the leading credit...

Where Has One CU Found Vehicle Loan Opportunities?: Right Behind Those Other Vehicles.(credit unions new services)
February 13, 2006... RALEIGH, N.C. -- While layoffs and gas prices continue to hound the automotive world, one credit union has found a way to boost at least one part of its loan portfolio with recreational vehicles. But in this case, member interest is...

Survey: Misconceptions Help To Stifle Direct Deposit.(government campaigns to encourage government checks)(Brief Article)
February 13, 2006... WASHINGTON -- While nearly all Americans are familiar with the risk from identity theft, few have made the move to direct deposit over paper checks, according to a new survey. The study was commissioned by the U.S. Treasury Department and...

Product & Service.
February 13, 2006... Valuation Service Now Ready DALLAS-A successful pilot completed, ALM First Financial Advisors is rolling out its Mortgage Servicing Rights Valuation Service to assist credit unions that manage the servicing of their members' mortgages. The...

At Payday Lending Hearing, CUAO Reps Detail Credit Union Alternative Deals.(Credit Union Association of Oregon)
February 13, 2006... BEAVERTON, Ore. -- In 2004, there were 734,000 payday loans in Oregon-an astonishing number for a state that ranked just 28th in the U.S. in population in the 2000 Census. And it's anticipated that that figure will be even higher when...

Ent Recognizes Staff Who Helped Stop Scammers.(Brief Article)
February 13, 2006... COLORADO SPRINGS, Colo. -- Ent FCU has recognized 12 employees with cash awards for successfully identifying and stopping fraudulent transactions during 2005. "We are proud of these 12 valuable employees who, through their diligence,...

NCUA Appears To Retreat Further In Utah Case.
February 13, 2006... SALT LAKE CITY -- NCUA appeared to retreat further in its defense of the Utah undeserved case, even as it was asking the court to dismiss the bankers' challenge in the federal suit. In a new motion to dismiss, the credit union regulator...

Demand For Community Development Loans Down.(Brief Article)
February 13, 2006... ALEXANDRIA, Va. -- NCUA said demand dropped to a 10-year-low for its community development loans, with less than $1-million in loans made to low-income credit unions in 2005. NCUA reported it made just seven loans for $919,000 last year,...

Katrina-Effected ASI FCU Certified For New Grants.(federal credit unions)(Brief Article)
February 13, 2006... HARAHAN, La. -- ASI FCU, still digging out from Hurricane Katrina-related damages, was certified earlier this month by the Treasury Department's Community Development Financial Institutions program as eligible for the new round of CDFI grants...

People.(Service Credit Union appointed Jodi Beach as assistant manager of administrative services)(Noreen A. Diaz appointed as community outreach officer in Travis Credit Union)(Alabama Telco Credit Union named Magan Boozer as business development specialist)
February 13, 2006... Service Credit Union, Portsmouth, N.H., named Jodi Beach assistant manager of administrative services, Nicholas Dobroski and Shawn St. Laurent contact center representative, Amy Stevens special accounts representative, Kerstin Young member...

Group of CU Economists Sees Slower Loan Growth, Some 'Nest Egg Rebuilding'.(credit union favourable forecasts)
February 13, 2006... MADISON, Wis. -- A group of credit union economists is forecasting that 2006 will be healthy for loan growth and that share growth should also begin to pick up some steam. The Consensus Forecast from the Credit Union Economics Group (CUEG)...

NAFCU Enhances Registration.(National Association of Federal Credit Unions)(Brief Article)
February 13, 2006... ARLINGTON, Va. -- NAFCU has added new technology to its online conference registration system, saying it will provide significant enhancements to the registration experience and allow attendees to make hotel accommodations on the same website...

CUNA Intro's Payments Confab.
February 13, 2006... MADISON, Wis. -- CUNA has added a conference devoted entirely to payment systems - from regulatory and security issues to trends and new product innovations. The Payment Sytems Conference, designed for CEOs, management and operations staff,...

Agenda For First-Ever Best Practices Conference Released, With Focus...
February 13, 2006... MIAMI -- Seeking to achieve a best practice within your credit union? How about more than a dozen! The Credit Union Journal has finalized the agenda for its inaugural Best Practices Conference, scheduled for the exciting Hyatt Hotel in...

The CU Journal.(credit union service)
February 13, 2006... Lottery Winners Head To SFCU FLINT, Mich.-There was good news in this struggling auto-manufacturing community when 12 lucky members of the United Auto Workers union hit their numbers in the lottery. The lucky 12, all members of...

Why One Texas CU Is Now Flying The Juntos Avanzamos Flag.(credit unions)
February 13, 2006... DALLAS -- As part of a new Texas Credit Union League initiative called Juntos Avanzamos (Together We Advance), Neighborhood Credit Union here and two others in the state have been recognized for their commitment to the Hispanic population. ...

Product & Service.
February 13, 2006... Touchstone FCU Selects OneBridge WILMINGTON, Mass.-The $20-million Touchstone FCU has selected OneBridge Gateway, Indianapolis, a pass-through card processing solution, to process its Visa credit card program. "The No. 1 reason for wanting...

NCUA Board Member Visits Navy Federal.(Navy Federal Credit Union)(Brief Article)
February 13, 2006... VIENNA, Va. -- NCUA Board Member Gigi Hyland and Senior Policy Advisor Gary Kohn visited Navy Federal Credit union to meet with CEO, Cutler Dawson and other members of management. Above, from left, Hyland, Kohn, and Dawson speak with Kab In...

Mon-Oc FCU 'Turns Up The Heat'.(Brief Article)
February 13, 2006... TOMS RIVER, N.J. -- The $177-million Mon-Oc FCU is backing a new account acquisition program that automatically enters members into a contest to have their winter heating bill paid. The "Turn Up The Heat" promotion will run until Feb. 28, and...

Michigan CUs Help Filers Boost Refunds.(Brief Article)
February 13, 2006... NORTHVILLE, Mich. -- Michigan's credit unions, in concert with the Michigan Poverty Law Program, report that a partnership to help low- to moderate-income individuals and families get all the tax benefits available to them has led to more than...

Trio Is Recognized For Work In Wake Of Katrina.(Brief Article)
February 13, 2006... WASHINGTON -- The National Credit Union Foundation (NCUF) will honor a trio of credit union executives for their work in the wake of Hurricane Katrina. The NCUF said it will present Anchor Awards to Louisiana Credit Union League President Anne...

CUSO Group Creates Advisory Boards In Four Areas.(Credit Union Service Organizations, Business Services Advisory Board, Financial Services Advisory Board)
February 13, 2006... NEWPORT BEACH, Calif. -- The National Association of Credit Union Service Organizations (NACUSO) has created four advisory boards to provide input and advice to the NACUSO board. The advisory boards will consist of a Financial Services...

Members of the Two New Advisory Boards.(National Association of Credit Union Service Organizations )(Brief Article)
February 13, 2006... NEWPORT BEACH, Calif. -- The National Association of CUSOs (NACUSO) has begun creating advisory boards, who will provide input to the NACUSO board. The Financial Services Advisory Board Members are: Keith Pipes of WESCOM CU, Pasadena,...

State Regulators Meet With CUs, With UBIT Chief Issue of Concern.(credit unions)(unrelated business income tax)(Brief Article)
February 13, 2006... ARLINGTON, Va. -- The National Association of State Credit Union Supervisors (NASCUS) is reporting that more than 50 credit union CEOs, industry and league staff joined it at meetings in Atlanta and Boston, respectively, as part of the NASCUS...

Community Page.(federal credit union member Roy Phillips service)
February 13, 2006... Credit Unions In Their Communities * Roy Phillips, board member of Hanscom FCU, Hanscom AFB, Mass., participated in the Boston Marathon Jimmy Fund Walk with 10-year-old patient Andy Martin, Jr. and raised funds for the Dana-Farber Cancer...

Data Show CUs Closed 2005 With 3rd Consecutive Yr. Of Loan Growth.(credit union market reports)
February 13, 2006... MADISON, Wis. -- Credit unions closed out 2005 posting a third consecutive year of double-digit loan growth and the fastest loan growth since 1994, according to data compiled by CUNA. Loans grew by 11.2% during the year with the industry...

National CU Foundation Reports Record $2.1M In 2005 Disbursments.(credit union service reports)
February 13, 2006... MADISON, Wis. -- The National Credit Union Foundation (NCUF) is reporting 2005 was a record year for grants to state credit union foundations and leagues, having disbursed $2.12 million. Moreover, the NCUF said that based on record CIF...

Community Page.
February 13, 2006... Credit Unions In Their Communities * MacDill FCU, Tampa, Fla., was awarded first place in the Tampa Bay Chapter of the National Association of Industrial and Office Properties Best of the Best awards for its outstanding office building and...

About The Fed.(Alan Greenspan service as chairman of the Federal Reserve Board of Governors)(Brief Article)
February 13, 2006... WASHINGTON -- Alan Greenspan's reign as chairman of the Federal Reserve Board of Governors was "atypically long," according to several economists, even for what is supposed to be a long-term appointment. "The Fed is a government agency,...

MemberTrade Advisory Services Adds 'CU In Transition' ALM Program.(asset/liability management)(Brief Article)
February 13, 2006... ALBANY, N.Y. -- MemberTrade Advisory Services (MTAS), LLC, a wholly-owned CUSO of Empire Corporate FCU, has added a "Credit Union in Transition Asset/Liability Management Program." The six-month program charges a one-time, flat fee and features...

Beginning To Look A Lot Like...(growth report of holiday loans programs)(Brief Article)
February 13, 2006... PASADENA, Calif. -- Wescom Credit Union reported that it lent $33.4 million during the recent holidays as part of its Holiday Loan program, an increase of $22-million from the same loan program during the 2004 holiday season. According to the...

NLRB Will Not Sanction Move By CUNA Mutual Staff.(National Labor Relations Board)(Brief Article)
February 13, 2006... MADISON, Wis. -- Federal authorities have notified a group of CUNA Mutual employees they will not sanction their effort to form their own separate bargaining unit within the company's main employees' union, the Office and Professional Employees...

Georgia CUs Air TV Spot During Super Bowl.(Brief Article)
February 13, 2006... DULUTH, Ga. -- Joining their credit union counterparts in Washington State, Georgia's CUs also aired advertising during the recent Super Bowl. The spot, entitled "Georgia Credit Unions, You'll Like Us Better," was funded cooperatively by...

Unitus Community CU Adds Platinum Rewards Card.(Unitus Community Credit Union)(Brief Article)
February 13, 2006... PORTLAND, Ore. -- Unitus Community Credit Union has introduced a Platinum Rewards Visa. Members can earn points for every $1 spent-redeemable in the form of travel (without black-out travel dates), gift certificates, merchandise, charitable...

Corrections & Clarifications.(Correction Notice)
February 13, 2006... An acronym for the National Federation of Community Development Credit Unions appeared incorrectly in the Jan. 30 issue. The story was regarding the disbursement of $300,000 by the Federation to assist credit unions and their members in New...

NCUA To Pilot Plan For Data Collection On Underserved.(National Credit Union Administration )
February 20, 2006... ALEXANDRIA, Va. -- Prompted by continuing Congressional prodding, NCUA said it will begin a pilot program to examine some federal credit unions for how well they provide service to the underserved. NCUA Chairman JoAnn Johnson said the new...

Members Treated Like Guests: Branch Concierge Answers Queries, Makes Reservations.
February 20, 2006... SOUTH GRANVILLE, B.C. -- Prospera CU has taken its "be our guest" philosophy and crafted an entire branch-and a brand new job position-around it. "We have an invited guest philosophy," explained Keith Puiu, CEO of Prospera CU. "The idea is...

Members Turn Out To Oppose Conversion Bid.
February 20, 2006... DEARBORN, Mich. -- Two-thirds of the members who turned out at the annual meeting of DFCU Financial here, which is seeking to become a bank, voted in favor of a resolution to the board that the conversion bid be withdrawn. But many of...

One-Time CDCU Leader Charged In Fraud.
February 20, 2006... SPRINGFIELD, Mass. -- Carol Aranjo, long a leading national spokesperson for community development credit unions, was charged by NCUA last week in a civil suit with fraud and negligence in the 2003 failure of D. Edward Wells FCU, the CDCU she...

On Deadline.(Brief Article)
February 20, 2006... Miss. CU Reps Get A Special Valentine GULFPORT Miss.-More than 340 credit union employees and volunteers around the state still recovering from Hurricane Katrina got a special Valentine on Valentine's Day-a rose and a $200 check. An...

Authorities Tracking Scammers Who Captured Debit Cards, PINs.
February 20, 2006... SACRAMENTO, Calif. -- U.S. and international authorities last week were tracking an international debit card ring that has apparently gained access to customer databases at two national retailers and used the accounts to manufacture phony debit...

Study Examines CU Employees Beliefs, Weak Points.
February 20, 2006... MADISON, Wis. -- There's been a great deal of discussion surrounding what members and consumers think of credit unions, but what do credit union employees think both of their employer and credit unions in general? One study has produced...

Dog-Day Afternoon For One Robber.(Brief Article)
February 20, 2006... KENNEWICK, Wash -- K-9 Deke made one last trot around the bases last week. The Kennewick Police dog is being credited with tracking down a suspect who robbed two credit unions to make his final arrest. Police say the eight-year-old Deke,...