Credit Union Journal articles from June 2006

Credit Union Journal archives from June 2006

Losses Lead CUNA Mutual To Plan Rate Hike.(CUNA Mutual Group)
June 5, 2006... MADISON, Wis. -- CUNA Mutual Group, which has been warning for months that escalating credit card fraud will cause it to raise insurance premiums, said last week it has filed with regulators to hike rates across the board. The credit union...

Race On To Expand Reg Relief To Include CU-Backed Provisions.(Credit unions)
June 5, 2006... WASHINGTON -- Credit union lobbyists were working last week to expand a regulatory relief bill passed the week before by the Senate that was absent many of the credit union provisions in a bill passed earlier by the House. The Senate's...

A Little Help For HLPR: Rising Interest Rates Have CUNA Looking To Tweak Its Home Loan Payment Relief Program.( Home Loan Payment Relief )
June 5, 2006... MADISON, Wis. -- CUNA is looking to tweak its Home Loan Payment Relief (HLPR-pronounced "helper") program amidst the rising tide of interest rates. "We are forming a working group to look at this," said CUNA Economist Steve Rick. "We want...

Members File Suit To Force Meeting.(DFCU Financial)
June 5, 2006... DEARBORN, Mich. -- In a lawsuit filed last week, two members of DFCU Financial have asked the court to force their credit union to hold a special meeting and board recall vote in accordance with its bylaws. At issue is the credit union's...

Researcher Finds No Benefit To Members From Conversions.
June 5, 2006... MADISON, Wis. -- An independent researcher has found there is little or no benefit for the vast majority of members of a credit union that converts to a bank charter, and is suggesting a demutualization method that would provide for a "more...

On Deadline.(United States. Federal Reserve Board)(Southwest Corporate Federal Credit Union)
June 5, 2006... Cross-Border Program Is Being Piloted DALLAS-Southwest Corporate FCU has launched a pilot remittance program with StarTrust FCU that will allow members of the Houston credit union to open accounts at correspondent financial institutions in...

VyStar Reports Data Breach.(VyStar Credit Union)
June 5, 2006... JACKSONVILLE, Fla. -- Vystar Credit Union has notified some of its members of a third-party breach of personal data. Judy Walz, SVP of marketing and planning, told The Credit Union Journal that it was credit union staff who discovered the...

13 Portfolios Sold During 1Q.(1 quarter)(Brief article)
June 5, 2006... PORTLAND, Ore. -- Two firms that analyze and consult on credit card portfolios reported that 13 CUs with portfolios of more than $1 million in outstanding balances sold those portfolios during the first quarter of the year. Both...

Carol Burger Joins CU Journal.
June 5, 2006... WEST PALM BEACH, Fla. -- The Credit Union Journal is pleased to announce the addition of Carol Anne Burger to its editorial staff. Burger, who is also an award-winning photojournalist, has specialized in covering credit unions for more than a...

Bank's Blog-Like Site Invites Complaints - And Gets Them.(HomeStreet Bank)
June 5, 2006... SEATTLE -- Customers who have gripes with their banks have been given a forum here for sounding off-courtesy of a local bank. The $2-billion HomeStreet Bank has been sponsoring advertising in this market directing consumers to...

NCUA's Hood Plans Summit On Mitigating Risk.(National Credit Union Administration)(Rodney Hood )(Brief article)
June 5, 2006... SAN DIEGO -- NCUA Vice Chairman Rodney Hood said he plans to call a summit of both natural-person and corporate credit unions in December to discuss tools for mitigating balance sheet risks, in addition to exploring alternative investment...

Worth Noting.(Visa U.S.A. Inc. appointed Robert Hackney)(National Association of Federal Credit Unions appointed John Tippets, Ed Templeton, Cutler Dawson.)(National Association of Community Credit Unions)
June 5, 2006... Hackney Joins Visa USA Board SAN FRANCISCO-Robert Hackney, president of Card Services for Credit Unions in Florida, has been appointed to the board of Visa USA. CSCU is the largest credit union card processing association in the United...

IQ May Get You The Job, But EQ Grows The CU.(intelligent quotient)(entrepreneurial quotient)(credit unions)
June 5, 2006... Do you know your EQ? Do you care to? At issue is whether you are an entrepreneur or to what degree you have an entrepreneurial quotient. Having been an entrepreneur in several start-up businesses, I speak from experience in telling you that...

How A Memphis CU Learned From Hollywood And Politics.(credit unions)(First South Credit Union)(Image advertising)
June 5, 2006... What can credit unions learn from Hollywood and politics? It's all about image. What makes a so-so movie a box office blockbuster? What can make a less-qualified politician win over a more-qualified candidate? If you're thinking image,...

Research: What Really Gives Consumers A Wow.
June 5, 2006... When it comes to satisfaction, the more invisible the institution, the more satisfied the consumer. In other words, satisfaction means no mistakes and no hassles. As one focus group participant stated, "I want a credit union that I never have...

This 'Reality' Show Gives Students A Day-Long Simulation About Finances.(Synergy One Credit Union )
June 5, 2006... MANASSAS, Va. -- Synergy One Credit Union here sponsored a daylong simulation game to teach area high school students about making the right financial choices. In a setting called The Reality Store, 50 seniors of Brentsville District High...

Wisconsin HS Seniors Get An 'F' In Finance.(high school )(Brief article)
June 5, 2006... PEWAUKEE, Wis. -- So many Wisconsin high school students failed a personal financial literacy test commissioned by the Jump$tart Coalition, that it prompted credit unions here to look to build upon the financial literacy programs they offer....

Construction Leads Kansas CU To Begin Offering Curbside Service.(Credit unions)(Brief article)
June 5, 2006... HUTCHINSON, Kan. -- With its drive-through lanes out of commission during remodeling and expansion, Central Kansas Credit Union is offering curbside service to members in 1950s style. "I told them no roller skates,'' CKCU President Jacque...

Ripken Streak: 2,632. CU's Streak Of Fortunate Coincidences: One.(credit union)
June 5, 2006... ANN ARBOR, Mich. -- Midwest Financial Credit Union called it a stroke of luck that baseball legend Cal Ripken Jr. helped launch its new business services program. The former Baltimore Oriole, who in 1995 broke Lou Gehrig's record of 2,130...

For High-Balance Customers, The List of Perks Expands.(Oak Brook Bank)(Citigroup Inc.)(Bank of America Corp.)(Brief article)
June 5, 2006... CHICAGO -- Retail banks are expanding luxury services and perks to attract clients who have millions of dollars in cash, trusts and sometimes even art collections. Among the amenities being dangled in front of the upper-income consumers are...

Borders, JPMorgan Chase Expand Card Relationship.(Borders Group Inc.)(J.P. Morgan Chase and Co.)(Brief article)
June 5, 2006... ANN ARBOR, Mich. -- Bookseller Borders Groups, Inc. is teaming up with JPMorgan Chase & Co. to offer an enhanced version of their co-branded Visa credit card. For each dollar a cardholder spends at Waldenbooks or Borders, the consumer will earn...

CitiBusiness Credit Cards Offering Expanded Medical Options.(Citibank N.A. )(Brief article)
June 5, 2006... NEW YORK -- CitiBusiness credit cards will offer prescription discounts to employees of small businesses carrying its cards. For an additional $10, a business can add employees who don't carry the CitiBusiness card. For $8.95 per month,...

BankAtlantic Dangles $77 Gift Card For Account-Switchers.(BankAtlantic F.S.B.)(Brief article)
June 5, 2006... FORT LAUDERDALE, Fla. -- BankAtlantic has been backing a "Switch A Thon is On" mutli-media campaign in which it is offering new account-holders a $77 MasterCard gift card after switching from another financial institution. The bank also offered...

WaMu's Free Checking Includes Debit Card Rebates, Overdraft Waiver.(Washington Mutual Inc.)(Brief article)
June 5, 2006... SEATTLE -- Washington Mutual said it will roll out a free checking account that will include debit card purchase rebates and one overdraft charge waiver per year in addition to cost-free international money transfers from the U.S. Account...

Wachoiva Anticipates Commercial Lending Volume Will Grow.(Wachovia Corp.)(Brief article)
June 5, 2006... ATLANTA -- Unlike Bank of America Corp. and Wachovia Corp., which see corporate loan demand as remaining disappointing, SunTrust Banks Inc. said it is recovering and starting to boost its loan growth, The American Banker reported. SunTrust...

Analyst: Banks Emphasize Used Car Loans As 0% APRs Return.(Annual Percentage Rate )(Brief article)
June 5, 2006... ATLANTA -- Banks have been pushed toward used-car loans as manufacturers keep offering 0% financing and rebates on new cars, The American Banker said. Ted Brown, auto finance practice manager of BenchMark Consulting International in...

NCR Corp. Puts Fraud Sensors in New ATMs.(Brief article)
June 5, 2006... DAYTON, Ohio. -- NCR Corp. launched a new ATM called Personas M Series that can detect whether criminals have attached tiny cameras or readers attached to the card slot, The American Banker said. NCR's sensor technology can recognize metals,...

Relief For Uninsured Homeowners On Its Way.
June 5, 2006... WASHINGTON -- Relief for tens of thousands of New Orleans-area homeowners who were uninsured for flood damage last year is on its way. Department of Housing and Urban Development Secretary Alphonso Jackson traveled to the French Quarter...

Bankers Back NCUA Into Underserved Corner.(National Credit Union Administration )(Brief article)
June 5, 2006... ALEXANDRIA, Va. -- Uncertainty over how to resolve a legal morass over its underserved policy caused the NCUA Board last month to postpone a critical vote on new rules for its field of membership expansions, according to agency sources. ...

Student Loan Rate Set To Jump By As Much As 2%.(Brief article)
June 5, 2006... WASHINGTON -- Millions of college students are expected to refinance their outstanding student loans over the next month as rates are expected to rise by as much as 2% on July 1. That's when rates on Stafford loans are expected to climb by...

People.(CFE Federal Credit Union)(First Flight FCU)(Jeanne D'Arc Credit Union - Anne-Marie Bisson, Mariann O'Brien, Dianne Dowd )(Brief article)
June 5, 2006... CFE Federal Credit Union, Orlando, Fla., named James Justice and Linda Sanabria distinguished managers, Ruth Rodriquez distinguished employee and Joshua Smith received a distinguished service award. First Flight FCU, Greenville, N.C., named...

'Get The Lead Out' Loan Lauded.(HarborOne Credit Union.)(Brief article)
June 5, 2006... BROCKTON, Mass. -- HarborOne CU's special loan for lead paint abatement received a special citation during the Mass Housing agency's 10th annual Home Ownership Awards ceremony. The CU made a total of 59 low-interest 'Get the Lead Out'...

Banks Strike Deal With MasterCard.(MasterCard International Inc.)(Citibank N.A.)(J.P. Morgan Chase and Co.)(Hongkong and Shanghai Banking Corporation Ltd.)(Brief article)
June 5, 2006... PURCHASE, N.Y. -- MasterCard International has signed discount and rebate agreements with three of its major bank-owners, similar to the deal it signed with Bank of America. The separate agreements provide pricing discounts on fees and...

AMOCO FCU Adds Phone System.(federal credit union)(Brief article)
June 5, 2006... TEXAS CITY, Texas -- AMOCO FCU has implemented an IP Telephony network with the addition of its new headquarters building. The system consists of the Cistera ConvergenceServer, licensed RapidBroadcast and CallCenterRecord application...

CDCU Advances in Battle Creek.(Community Development Credit Union)(Eric Tobin)(Brief article)
June 5, 2006... BATTLE CREEK, Mich. -- Organizers for the fledgling Battle Creek Community Development Credit Union has hired a project coordinator. Eric Tobin, 31, is a former regional analyst for Primerica Financial Services. The project was funded...

Mom Jailed For Doctoring Loans.(Shirley Waller)(Brief article)
June 5, 2006... AMARILLO, Texas -- The former CEO of Pampa Teachers FCU was sentenced to 30 months in prison and ordered to pay $187,000 in restitution for changing the due dates on her son's loans to help his struggling business. Shirley Waller pleaded...

Santa Cruz CCU Wins FHLB Grant.(Community credit union)( Federal Home Loan Bank )(Brief article)
June 5, 2006... SAN FRANCISCO -- The Federal Home Loan Bank of San Francisco has awarded Santa Cruz Community CU a $135,000 grant under its Affordable Housing Program, which the credit union will use to provide low-cost funding for the Grace Commons community...

Still Picking Up The Pieces New Orleans' '06 Storm Preparations Slowed By '05 Restorations.
June 5, 2006... NEW ORLEANS -- It is nine months after Hurricane Katrina blasted through Louisiana and Mississippi, and yet photos taken just days ago look like they were taken right after the storm hit. Welcome to the Big Easy, where residents who have...

NCUA: Storms Lead To 'Manageable' PCA Spikes.(United States. National Credit Union Administration)(Principal Component Analysis )
June 5, 2006... AUSTIN -- From the regulator's perspective, credit unions affected by Hurricanes Katrina, Rita and Wilma largely have bounced back from the havoc wrought by those storms, but some issues still remain. "There's a certain amount of anxiety on...

Storm Front.
June 5, 2006... League Surveys CU Disaster Plans HARAHAN, La.-After Hurricane Katrina destroyed its own office last year, the Louisiana CU League vowed it would update its own disaster recovery plans. Indeed, one of the strange lessons learned: don't...

Group Helps Bring Technology To Ghana's CUs.(credit unions)
June 5, 2006... ABBOTSFORD, B.C. -- While credit unions have been in existence for some 50 years in Ghana, only recently have they begun looking at technology to give their members improved services. And, thanks to a group of CU leaders in Canada, the...

World Bank Told CUs Deserve More Access In International Remittances.(credit unions)(Brief article)
June 5, 2006... WASHINGTON -- Dave Grace, senior manager with the World Council of Credit Unions, provided input from a credit union point of view to the World Bank and Bank for International Settlements (BIS) on the General Principles for International...

Product & Service.(Online Resources Corp.)(California Credit Union)(Los Angeles Police Federal Credit Union)(Wescom Resources Group)(AppOne)(Wolters Kluwer Financial Services )
June 5, 2006... Online Resources Is Recognized CHANTILLY, Texas-Online Resources Corp. has won a Collection Technology Excellence Award from Collection Technology News based on peer nominations and for pioneering self-resolution technology for its...

Confident Your CUSO Is Insured? A Checklist To Be Sure.(credit union service organizations)
June 5, 2006... LAS VEGAS -- Managers of credit union service organizations should understand the risks CUSOs face and never assume a CUSO is covered by a credit union's or third party's insurance policies, a risk management expert told attendees at NACUSO's...

A Biblical Lesson In Marketplace Competition.(Michael Raynor)
June 5, 2006... LAS VEGAS -- The biblical story of David and Goliath is familiar to most, but one person says there is an important lesson in the tale for credit unions: do not try to compete with banks by doing what banks do best. Michael Raynor,...

Community Page.(State Employees Credit Union)(GHS Federal Credit Union)(Altura CU)
June 5, 2006... Employees at Altura CU, Riverside, Calif., shared their work life with their kids on Take Your Child to Work Day. Fifty-five children participated in the event. GHS Federal Credit Union, Binghampton, N.Y., employees braved the cold and...

Community Page.(Oregon Community Credit Union)(Ent Federal Credit Union)(Saugus Federal Credit Union )
June 5, 2006... Credit Unions In Their Communities * The Pennsylvania Credit Union Association, Harrisburg, named Samuel Wilson winner as 2006 Credit Union Youth Ambassador of Pennsylvania. In additional news, PCUA presented publication awards to...

Should CUs Jump On 50-Year Mortgage Bandwagon?(credit unions)
June 5, 2006... WASHINGTON -- The newest breed of "exotic" mortgages are 50-year mortgages, but the jury's still out on whether it makes sense for credit unions to jump on this latest mortgage bandwagon. Born of increasingly unaffordable homes,...

Home Lending.(Federal Home Loan Mortgage Corp.)(Ellie Mae Inc.)
June 5, 2006... Freddie Expands Loan Offerings CHICAGO-Freddie Mac has expanded the list of mortgage products available through its web-based Selling System by adding a new array of 40-year fixed-rate mortgages, 20 adjustable-rate mortgages and federally...

Visa Begins Phase-Out Of Plus ATM Brand.(Visa U.S.A. Inc.)(Brief article)
June 5, 2006... SAN FRANCISCO -- Visa USA announced last week it is finally integrating its Plus ATM network with its core point-of-sale transaction network, the largest in the world. The integration means all transactions over one million Plus ATMs will be...

Lagomarsino Named As Kinecta CEO.(Simone Lagomarsino)(Kinecta Federal Credit Union )(Brief article)
June 5, 2006... MANHATTAN BEACH, Calif. -- Kinecta FCU announced Wednesday it has hired Simone Lagomarsino, a former banker, as its new president and CEO. Lagomarsino served as president of Hawthorne Savings Bank, a $3 billion institution in nearby El...

Six CU Groups Recognized (And Offering Chili Recipe).(credit unions)(CUNA,)(American Association of CU Leagues)(the Association of Corporate CUs)(Defense CU Council)
June 5, 2006... WASHINGTON -- Employees of six national credit union organizations here have won an award from America's Charities for their generosity. The award recognized the National Credit Union Foundation, CUNA, the American Association of CU Leagues,...

What's Being Sought In Members' Lawsuit.(DFCU Financial)(Brief article)
June 5, 2006... On May 25, DFCU members Richard Sly and Raymond Ward filed a complaint with the US District Court for the Eastern District of Michigan seeking injunctive relief to allow: * Inspection of DFCU records relating to conversion effort *...

Initial Public Offerings In Former CUs.(Statistical table)
June 5, 2006... Former CUs Conversion IPO Type 1st Day Pop AWANE 5/96 6/04 first step 3.8% BUCS 3/98 3/01 standard 30.0% Synergy 5/98 9/02 first step ...

Pump Down The Volume: How Rising Gas Prices Are Changing The Auto Market.
June 12, 2006... WASHINGTON -- While gas-guzzling SUVs are losing value these days, credit unions across the U.S. can get ready for an increase in demand for sedans and a surging class of autos called "cross-over utility vehicles," or CUVs. Higher prices...

10% CD Rate Draws A Crowd: Members Line Up, New Members Join To Get Special Rate.(Certificates of deposit)(Glacier Hills Credit Union)
June 12, 2006... Ortiz, Correspondent -- More than 100 people lined the sidewalks of Glacier Hills Credit Union's new headquarters recently to take advantage of a CD rate not offered since the 1980s-10%. That annual percentage yield is nearly double the...

Penn. Supreme Court To Hear Arguments On CU Tax Exemption.(Pennsylvania Supreme Court)(credit union)
June 12, 2006... HARRISBURG, Penn. -- The Keystone State became the main battleground in the banker wars over the credit union taxation last week when the Pennsylvania Supreme Court agreed to review the bankers' challenge to the state's tax exemption for credit...

California's CUs Help Republican To Win Congressional Seat.(credit union)
June 12, 2006... SAN DIEGO -- Republicans, with critical assistance from area credit unions, last week were able to hold on to the state's 50th House seat when credit union-backed Republican candidate Brian Bilbray narrowly won a race widely touted as a key...

On Deadline.(University of Michigan Credit Union)(Citizens Equity Federal Credit Union)(PBS)
June 12, 2006... As Many As 5,000 May Have IDs Compromised ANN ARBOR, Mich.-As many as 5,000 members of University of Michigan CU were notified that their accounts may have been compromised during the process of document destruction. More than a dozen...

Calling All Best CU Practices.(credit unions)
June 12, 2006... WEST PALM BEACH, Fla. -- The Credit Union Journal is announcing its Call for Entries for its Best Practices awards. The Journal published its inaugural Best Practices issue in November 2005 and featured nearly two-dozen peer-leading ideas as...

'Day in the Life' Sign-Ups Open.(The Credit Union Journal's Day in the Life Project)(Brief article)
June 12, 2006... WEST PALM BEACH, Fla. -- This year will mark the 10th anniversary of one of the most extraordinarily unique projects within the credit union community-The Credit Union Journal's Day in the Life Project. This year our goal is to make it bigger...

Merger of 11 State Farm CUs Into One Gets OK From NCUA.(credit unions)(all correct)(National Credit Union Administration)
June 12, 2006... BLOOMINGTON, Ill. -- State Farm affiliated credit union members are one step closer to a national membership with last week's merger approval by the NCUA. The process of merging 12 State Farm Insurance credit unions into one $3-billion...

Funding For NCUA Programs Approved.(Brief article)
June 12, 2006... WASHINGTON -- The House Transportation-Treasury Appropriation Subcommittee approved providing the Community Development Revolving Loan Fund Program (CDRLF) with $941,000 for technical assistance grants to low-income designated credit unions in...

Worth Noting.(appointment of John Milazzo)(Latino community credit union gets $5M grant)(disaster relief fund from World Council of Credit Unions)(Brief article)
June 12, 2006... MIlazzo Named Chair of NAFCU ARLINGTON, Va.-John Milazzo, president of Baton Rouge, La.-based Campus FCU, has been named chairman of NAFCU. Milazzo, who has served on the board since 1999, will officially succeed current chairman Mike...

That White Hat Also Brings With It Expectations.(taxation of credit unions)
June 12, 2006... Tax-exempt organizations of all kinds-including credit unions-are being scrutinized more seriously than ever by federal and state governments, regulators and watchdog groups. This newspaper has well documented the hearings, GAO studies, and...

Rantings, Ravings, Half-Truths Demand An Answer.
June 12, 2006... For some time now, I have heard the ratings and ravings of the opponents of credit union charter change. I have also had to listen to slanderous statements and read libelous reports, half-truths, and downright distortions from those folks about...

Postcard from Afghanistan.(Edgar Comeros)(World Council of Credit Unions)(Brief article)
June 12, 2006... Edgar Comeros, Afghanistan project manager for the World Council of Credit Unions, recently shared this brief story of his travels in that country where a fledgling credit union movement is seeking to take root. I am back in Afghanistan....

on Branding: The Great Myth Of CUs & Service.(credit union)
June 12, 2006... When I start working with a credit union to strengthen their brand we use various methods to identify the credit union's CORE offerings. Every single credit union I have ever worked with has the same answer to what sets them apart: they offer...

Anti-Bush Message From CU Gets National Attention, Thanks To Blogs.(credit union)(PowerNet Credit Union)
June 12, 2006... TAMPA, Fla. -- In an increasingly divisive political climate, PowerNet Credit Union here has been caught up in a war of words over a sign placed in a parking lot adjacent to its own that asserted the company's love of President Bush and...

Mica 8th Highest Paid Exec.(Dan Mica)(executive)(Brief article)
June 12, 2006... WASHINGTON -- CUNA CEO Dan Mica was the eighth-highest paid financial trade association executive in 2004, the most recent year for which data is available. Mica took home $813,752 for the year in total compensation, with base pay...

Avoiding a Financial Freefall: 'ARK' Comes To The Rescue Of Many Military Members.(Asset Recovery Kit )
June 12, 2006... FORT BRAGG, N.C. -- Credit union executives who think their members are under a lot of stress need to speak with David Elliott. Elliott is the CEO of Fort Bragg Federal Credit Union (FBFCU) in Fayetteville, N.C. and sees the daily effects...

Product & Service.(annual executive compensation and staff compensation surveys )
June 12, 2006... D. Hilton Survey Is Underway THE WOODLANDS, Texas-D. Hilton Associates' reported its annual Executive Compensation and Staff Compensation surveys will soon arrive by mail at credit union offices throughout the nation. Survey forms are also...

Attorneys For DFCU Financial Members Await Hearing.(Brief article)
June 12, 2006... GRAND RAPIDS, Mich. -- Attorneys representing members of DFCU Financial in a lawsuit against their credit union said they are hopeful that a hearing will be held sometime this month. The members filed suit to force the credit union to hold...

'National Center For Member Trust' Explains Its Role.(conversions of credit unions to bank charters)
June 12, 2006... TAMPA -- Although the conversions of two Texas credit unions to bank charters was one of the things that inspired the creation of the National Center for Member Trust, the group is not all about fighting conversions, according to the...

CUNA Critical Of OTS Actions In CU Charter Conversions.( Office of Thrift Supervision )(credit union)
June 12, 2006... WASHINGTON -- CUNA has submitted a statement for the record of a House subcommittee oversight hearing on the Office of Thrift Supervision (OTS) that is critical of the agency for ignoring its responsibilities in supervising its end of credit...

CUNA To Host Forum This Week.(Credit Union National Association)
June 12, 2006... ORLANDO -- CUNA will host its Future Forum here this week, moving the meeting ahead from its original September dates when surveys indicated nervousness over Florida's hurricane season. Planners are also hoping the June dates will drive...

BECU Supports Member In Cross Country Drive For MS.(Boeing Employees Credit Union)(Multiple Sclerosis)
June 12, 2006... SEATTLE -- Boeing Employees CU handed the ball over to Carlo Magno for the credit union member's cross-country jaunt to raise $1 million for Multiple Sclerosis research during BECU Family Night at major league baseball's Safeco Park. The...

CUNA Presses FHFB For CU Reps.(Credit Union National Association)(Federal Housing Finance Board)(Credit Union representation)(Brief article)
June 12, 2006... WASHINGTON -- CUNA is pressing the Federal Housing Finance Board (FHFB) to ensure that the board of directors of each Federal Home Loan Bank includes a reasonable representation of credit unions. The trade group has sent a comment letter in...

CU-Backed Study Shows Bias In Subprime Market.(credit union)
June 12, 2006... WASHINGTON -- A new study conducted by the Center For Responsible Lending, a subsidiary of Self Help CU, has found that African-American and Latino borrowers pay much higher rates and fees for subprime mortgages than comparable white borrowers....

Federal Charters To Encompass Entire Cities.(National Credit Union Administration grants five more community charters)(Brief article)
June 12, 2006... ALEXANDRIA, Va. -- NCUA reported last week it has granted five more community charters that each cover major U.S. cities. The community charters were granted to: Sun East FCU to serve all 1.5 million residents of Philadelphia; to Pittsburgh...

Regulator Reaches The CU TIPping Point.(credit union)(trade, industry, or profession)(Brief article)
June 12, 2006... ALEXANDRIA, Va. -- NCUA announced last week the awarding of three TIP charters. The tipping will allow: Cincinnati Ohio Police FCU to serve all state and local government employees in eight Ohio, Kentucky and Indiana counties; Carolina Telcos...

Home Depot Extends Into Financial Services.(Brief article)
June 12, 2006... ATLANTA -- Home improvements giant Home Depot, which has applied for a bank-like industrial loan company charter, said last week it has entered the foreign remittances market in direct competition with credit unions, banks and other financial...

People.(appointments of credit unions)
June 12, 2006... SELCO Community CU, named Ramona Mitchell vice president/business loan officer. CUNA, Madison, Wis., awarded Certified Credit Union Financial Counselor (CCUFC) designations to: R. Kirk Adams, Gabriela Alvarez, Shellee Atwood, Claudette...

CHiPs Gun Down CU Robber.(Douglas Len Murrin dies in encounter )(Brief article)
June 12, 2006... FRESNO, Calif. -- An Oklahoma parolee who robbed The Golden One CU was killed by a California Highway Patrol officer who had stopped him for speeding in the San Bernardino County desert. Douglas Len Murrin, 48, of Oklahoma City, was pulled...