Credit Union Journal articles from March 2006

Credit Union Journal archives from March 2006

GAC Draws 4,000-Plus To Washington: 'Documenting Service' Focus Of Much Discussion.(Brief Article)
March 6, 2006... WASHINGTON -- CUNA drew the largest crowd in the history of its Governmental Affairs Conference (GAC) last week, with more than 4,000 on hand for the event that has now officially outgrown its long-time home. With no direct threats to CUs...

Well-Funded Group Forms To Fight Bids To Convert; Mich. CU Suing State League.
March 6, 2006... WASHINGTON -- The organized credit union movement began to mobilize last week against the growing threat of conversions to mutual savings bank, as the size of the credit unions undergoing the controversial charter change continues to escalate....

In Hearing, Banks Object To Plans For CU-Owned Credit Card Banks.(credit unions)
March 6, 2006... WASHINGTON -- A new impediment to regulatory relief emerged last week during hearings before the Senate Banking Committee when the bankers raised objections to two credit union projects in the works that would create credit card banks for...

Short Comment Period, Short Responses.
March 6, 2006... ALEXANDRIA, Va. -- In the briefest of public comment periods, credit union representatives told NCUA last week they support efforts to illustrate their member service to Congress, but questioned the methodology of the pilot data collection...

Penn. Court Rules For CUs In FOM Lawsuit.
March 6, 2006... HARRISBURG, Penn. -- Credit unions won a lawsuit on field of membership here last week when the Pennsylvania Commonwealth Court ruled unanimously to dismiss a lawsuit filed by bankers over the community charters granted to TruMark Financial CU...

On Deadline.
March 6, 2006... CURIA Legislation Will Likely Have To Wait WASHINGTON-Congressional banking committees are likely to remain occupied with an omnibus regulatory relief for credit unions, banks and thrifts in the months before this fall's elections, making...

Highest Honors Are Presented To Individuals, Groups.
March 6, 2006... WASHINGTON -- As part of GAC last week, the National Credit Union Foundation's Wegner Awards honored several people and organizations with the credit union movement's highest honors for their achievements. Below is a look at each: *...

Worth Noting.
March 6, 2006... Walters Promoted At NCUA ALEXANDRIA, Va.-NCUA has named Region IV Director Jane A. Walters as its new NCUA deputy executive director, assisting Executive Director Len Skiles in managing the daily operation of the agency. Walters has been...

What Could Effect GAC Most Was 500 Miles To The West.(Credit Union National Association )
March 6, 2006... The most interesting thing to occur during last week's CUNA Governmental Affairs Conference happened 520 miles away in Dearborn, Mich. There, DFCU Financial Credit Union filed suit against the Michigan league claiming it was interfering with...

Why The Internet Must Be Embraced For Raising Funds.
March 6, 2006... As soon as Hurricane Katrina struck the Gulf Coast and the catastrophic impact became evident, the National Credit Union Foundation (NCUF) activated its Disaster Relief Fund. While other charities and relief organizations were raising funds...

Product & Service.(Brief Article)
March 6, 2006... FICS Partners With MGIC DALLAS-Financial Industry Computer Systems, Inc. (FICS) has partnered with MGIC in Wisconsin to launch an upgrade to Mortgage Servicer, a residential mortgage loan servicing program which includes a loan boarding...

Regulators Remain Flexible With CUs Hit By Hurricanes.(credit unions)
March 6, 2006... WASHINGTON -- State and federal regulators continue to make adjustments to examination practices for hurricane-affected credit unions, while at least 10 credit unions are reporting significant problems arising from the storms. The federal...

Help Still Needed In Gulf Coast.
March 6, 2006... NEW ORLEANS -- Credit unions in this ravaged region could still use a lot of help as they work to recover and rebuild. The Louisiana Credit Union League offered a variety of ways CUs from across the nation can step up to the plate. Credit...

Storm-Damaged ATMs Yet To Be Replaced.
March 6, 2006... CHICAGO -- Many ATMs damaged or destroyed during Hurricane Katrina have yet to be replaced, say several ATM vendors. ATM vendors and independent sales organizations (ISO) hoped to see a sales surge by now, but that hasn't happened because...

Product & Service.(State Employees Credit Union of Maryland)
March 6, 2006... SECU Becomes Partner In CUSO LINTHICUM, Md.-The $1.5-billion State Employees Credit Union of Maryland (SECU) has become an equity partner of CU Business Capital, LLC (CUBC) a business services CUSO based in Miramar, Fla. The partnership...

NCUA Board Clear: No CRA For Credit Unions.
March 6, 2006... WASHINGTON -- Words are powerful in the nation's capital. That's why a tax increase can be called "revenue enhancement." Or a tax on the estates of the richest Americans is dubbed the "death tax." Some dictators are our friends, while...

Treasury Secretary Says What All Wanted To Hear.(Brief Article)
March 6, 2006... WASHINGTON -- Treasury Secretary John Snow uttered the words the credit union faithful wanted to hear again during last week's opening day of CUNA's Governmental Affairs Conference. "Let me be just as clear as I can," said Snow. "This...

People.(Brief Article)
March 6, 2006... Putnam FCU, Carmel, N.Y., announced that Arlene Yungel retired. CFE Federal Credit Union, Orlando, Fla., named Carol McMurrer manager of the quarter. Community Trust CU, Gurnee, Ill., announced that Diane Thelen retired. Workers'...

New Management Team, 2 Years Of 'Basics' Lead To Member Bonus.
March 6, 2006... PANAMA CITY, Fla. -- Two years after a new management team took a back-to-the-basics approach at Tyndall FCU, members got to see one of their early rewards when $3.3-million was paid out during the holidays. Tyndall Federal gave the rebate...

CUJ Q&A.
March 6, 2006... LAS VEGAS -- Is it possible bankers see more potential in the credit union movement than CUs do? That's what Bob Dorsa believes. Dorsa, the president of the American Credit Union Mortgage Association based here, said the constant call by...

Mississippi's Regulator Balances Oversight With Overdoing It For Katrina CUs.
March 6, 2006... JACKSON, Miss. -- Six months after Hurricane Katrina, at least one man in the Magnolia State sees better days ahead for financial institutions. Mississippi Commissioner of Banking and Consumer Finance John Allison reports that all Gulf...

GAC Draws Largest Crowd Ever To Washington: As Always, Bank Threats, Threats To Tax-Exemption Get Much of The Focus.
March 6, 2006... One Question: Just Who Are The Underserved? WASHINGTON-Just who are these ubiquitous "underserved" and "people of modest means" that everyone is up in arms about? Strangely enough, for all the talk about the importance of reaching out...

Capital Notes.
March 6, 2006... You Are In-The Banker Zone WASHINGTON-Long-time GAC emcee Paul Berry told the more than 3,500 credit union faithful who descended on Capitol Hill for the meeting that he had had a very bad dream the night before the opening of the...

Dollar Says CAP's Repeal In No Way Led To Current Situation.
March 6, 2006... WASHINGTON -- While some may be wishing that NCUA's repealed-before-it-could-even-be-implemented Community Action Plan had stayed on the books, former NCUA Chairman Dennis Dollar has no regrets about engineering the demise of his predecessor...

Koppel Laments Some Of The Changes In Journalism.
March 6, 2006... WASHINGTON -- It turns out there is such a thing as having too much of a good thing, and in Ted Koppel's opinion, it's communication. On the surface, it seems an odd thing for a former newsman to dislike-easy access to instant...

Merged Corporate Selects Its New Name.(Brief Article)
March 6, 2006... WARRENVILLE, Ill. and ALBANY, N.Y. -- The entity formed by the merger between Mid-States Corporate Federal Credit Union and Empire Corporate Federal Credit Union has selected its name: Members United Corporate Federal Credit Union. If...

Lending: Complexity Of Loan Options Driving More Education.
March 6, 2006... SEATTLE -- Lending is much more complex than it used to be. That's why the CUNA Lending Council is so focused on educating its members. One of the council's key priorities this year is reaching $1 million in its CUNA Lending Scholarship...

HR & Training: Trend Toward Measuring ROI With Employees, Training.
March 6, 2006... BEDFORD, Texas -- Human resources professionals are focused this year on numerous issues, but primarily the cost of personnel and benefits, and rapidly changing compliance issues. That's where CUNA's Human Resources/Training and...

CFOs: Thin Margins Putting Focus On Expense Management.
March 6, 2006... LANSING, Mich. -- The eyes of the credit union community are increasingly on its chief financial officers. The reasons are simple: margins can't be sliced much thinner, with less-than-desirable net interest margins and the flat yield curve,...

Parkway Named After Texas CU.
March 6, 2006... LIVE OAK, Texas -- Talk about having a road that leads right to your door. As part of its way of saying thank you to Randolph-Brooks Federal Credit Union for bringing 300 new jobs to its city, officials renamed the thoroughfare that leads...

Operations & Sales: Retail-Related Issues Rise To Top Of The Agenda.
March 6, 2006... DOWNEY, Calif. -- Sales hasn't always been a welcome concept in the credit union community. CUNA's Operations, Sales and Service (OpSS) Council is working to change that by focusing on sales as it relates to service. Two of the biggest issues...

Marketing: A New Emphasis On 'Getting The Message Out'.
March 6, 2006... APPLE VALLEY, Minn. -- Few professional disciplines within credit unions have seen the kinds of changes over the past years as marketing. Expanding fields of membership, changing charters and politics have not only changed the message being...

Technology: Two-Factor Authentication, Security Issues Are Pressing.
March 6, 2006... BEAVERTON, Ore. -- There's no question what credit union IT departments will be doing this year. A ruling handed down by the Federal Financial Institutions Examination Council (FFIEC) in October gives credit unions until the end of 2006 to...

The CU Journal Daily.
March 6, 2006... CO-OP Network Raises Fees ONTARIO, Calif. -The cost for credit unions to have fee-free access to nonbank ATMs is going up for The CO-OP Network's 1,800 credit union members. As of May 1, the CO-OP will increase the interchange fee paid by...

Community Page.
March 6, 2006... Credit Unions In Their Communities * MECU of Baltimore, received the Mayor's Business Recognition Award for its commitment to the community. * CEFCU, Peoria, Ill., sponsored Common Place's application for funding from the Affordable...

Top 100 Credit Unions By Assets Dec. 31, 2006.(Illustration)
March 6, 2006... 1 Navy Federal Credit Union Merrifield VA 24,301,617 2 State Employees Credit Union Raleigh NC 12,808,877 3 Pentagon Federal Credit Union Alexandria VA 8,003,371 4 Golden 1 Credit Union Sacramento...

Why Two CEOs Formed 'Center': Donations Pledged To Help Fight Conversions.(chief executive officers)
March 6, 2006... WASHINGTON -- A group championed by two well-known credit union CEOs to respond to attempts to convert credit unions into banks raised more than a quarter-million-dollars in pledges to underwrite its efforts during a short time at CUNA's GAC....

League Says Point of Lawsuit Is To Draw Attention From Real Issue.
March 6, 2006... SOUTHFIELD, Mich. -- Following the lawsuit by DFCU Financial Credit Union against the Michigan league alleging the league was interfering in the CU's effort to convert to a bank, MCUL President Dave Adams issued this statement: "We have...

One CEO's Plan: WAM!(Walk Away a Member)(Brief Article)
March 6, 2006... WASHINGTON -- Credit unions in North Carolina are working on a project called WAM, for "Walk Away a Member," according to Marc Schaefer, Truliant FCU CEO. "What I want to see, when a credit union converts to a mutual bank charter, is for...

Good Neighbor CUs Get Neighborly: 12 State Farm Credit Unions To Merge Into $3B CU.
March 13, 2006... BLOOMINGTON, Ill. -- After years of planning and discussion, 12 State Farm Insurance affiliated credit unions have applied to merge into what would create a CU giant with nearly $3 billion in assets. If approved by the NCUA, the credit...

After 40-Years, Dave Chatfield Retires: A Career Resume That Reads Like A Best Seller.
March 13, 2006... RANCHO CUCAMONGA -- After spending his entire career hopscotching across the country to take on yet another credit union challenge, it should come as no surprise that Dave Chatfield has no plans to quit moving around now that he is retiring as...

Authorities Bust Two-Dozen More In Int'l Card Fraud Ring.
March 13, 2006... JERSEY CITY, N.J. -- Authorities have arrested almost two-dozen members of an international ring over the last two weeks that they believe is responsible for a broadening credit card fraud that is forcing dozens of credit unions and banks to...

NCUA Gives Would-Be Convert 30 Days To Respond To Questions.(National Credit Union Administration )
March 13, 2006... DEARBORN, Mich. -- Members of DFCU Financial Credit Union's supervisory committee have been given 30 days to answer specific questions stemming from a member complaint that they have compromised their integrity and have not been honest with...

On Deadline: Fate Of Reg Relief Now Up To The Senate.(Brief Article)
March 13, 2006... WASHINGTON -- For the second Congress in a row, the House overwhelmingly approved a credit union-backed regulatory relief bill last week. But the bill, which has as many as 15 provisions requested by credit unions, now goes to the Senate, which...

Warning: Get Younger, Or Become Seniors' Club.(youth members for credit unions)(Brief Article)
March 13, 2006... MADISON, Wis. -- Either attract younger members now, or brace for a credit union that is an investment and savings club for senior citizens. That message is at the heart of a new report that plainly states the inability to attract younger...

Defense CUs Meet, Lay Wreath At Soldier's Tomb.(Defense Credit Union Council)(Brief Article)
March 13, 2006... WASHINGTON -- Credit unions that serve a primarily military field of membership held their annual Defense Issues mini-conference here. Among those addressing the Defense Credit Union Council meeting were NCUA Chairman JoAnn Johnson, Col....

Calif./Nev. Youth Involv. Network Gets New Look.(California and Nevada Youth Involvement Network)(Brief Article)
March 13, 2006... RANCHO CUCAMONGA, Calif. -- The California and Nevada Youth Involvement Network (CNYIN)-formerly the California Youth Involvement Network (CYIN)-has a new logo. The decision to update the design was made at the CNYIN planning session last...

CUNA Mutual CEO Calls Card Fraud A 'Runaway Train'.(Jeff Post on credit unions' card programs)
March 13, 2006... MADISON, Wis. -- Calling plastic card fraud a "runaway train," CUNA Mutual Group CEO Jeff Post said the time is coming when the insurance provider may not be able to insure credit unions' card programs and credit unions won't be able to afford...

WesCorp, VolCorp Merger Hits Glitch Over Return To CUs.(Brief Article)
March 13, 2006... NASHVILLE, Tenn. -- The proposed merger between Volunteer Corporate Credit Union (VolCorp) and California-based Western Corporate FCU (WesCorp) has hit a "bump in the road." Bruce Fahnestock, CEO at VolCorp, said the state regulator has...

Worth Noting.(donations of Cuna Mutual Group)(volunteer retires in Fort Financial Credit Union)(Bill Thomas moves from United States. Congress. House. Committee on Ways and Means)(Brief Article)
March 13, 2006... Thomas To Retire From House WASHINGTON-Rep. Bill Thomas (R-CA), the chairman of the House Ways and Means Committee who oversaw hearings on the credit union tax exemption in November 2005, said he will not be running for reelection. Those...

Hello, Good Neighbor CU; Goodbye, CUs' Good Neighbor.(State Farm Federal Credit Union members management)
March 13, 2006... It isn't often that 11 credit union CEOs lose their jobs and simultaneously say the move is a good one. But then again it isn't often that you encounter credit unions structured in the way the State Farm credit unions have been. The Good...

NCUA Not Embarking On Any Type of CRA-Like Regulation.(National Credit Union Administration)(Community Reinvestment Act)
March 13, 2006... After reading the recent column by Ed Roberts in The Credit Union Journal, we as Members of the NCUA Board felt compelled to provide readers an accurate report on the pilot initiative designed to collect data on the income distribution of...

NAFCU 'Concerned,' Not 'Opposed' To Data Collection Plan.(National Association of Federal Credit Unions)
March 13, 2006... In discussing industry reaction to the NCUA's data collection pilot program in his Feb. 27 "Washington Watch" column, Ed Roberts may have left the impression that NAFCU is opposed to any efforts to measure credit union service. That is not the...

Product & Service.(Viewpointe's Pointe2Pointe imaging services to credit unions)(key bank's information management)
March 13, 2006... Southwest Corp. Picks Viewpointe PLANO, Texas-Southwest Corporate FCU said it has announced that it has selected Viewpointe as its check image exchange partner. Through Viewpointe's Pointe2Pointe service, the 1,200 credit union members of...

White House Gives OK To Data Collection Plan.(National Credit Union Administration)
March 13, 2006... ALEXANDRIA, Va. -- The White House cleared NCUA's service to the underserved data collection program last week and NCUA examiners will begin work on the program in the next few weeks. But the White House budget office explicitly limited the...

NCUA Likely To OK Reg Barring Some Expansions.(National Credit Union Administration)(Brief Article)
March 13, 2006... ALEXANDRIA, Va. -- The NCUA board is expected to approve a new regulation that will bar community-chartered or single common bond credit unions from participating in its underserved field of membership expansions, the heart of the agency's...

Agency Spokesperson To Leave On March 24.(Nicholas Owens to quit on National Credit Union Administration)(Brief Article)
March 13, 2006... ALEXANDRIA, Va. -- Nicholas Owens, the chief spokesperson for NCUA, announced last week he is leaving the agency. Owens has been at NCUA for five years and was brought in as special assistant to former NCUA Chairman Dennis Dollar in 2001....

Seattle FHLB Reports Fourth Quarter Loss.(Federal Home Loan Bank )(Brief Article)
March 13, 2006... SEATTLE -- The Federal Home Loan Bank of Seattle, which is struggling to shed underwater assets, reported a $9.1-million loss for the fourth quarter of fiscal 2005, pushing down fiscal year earnings to just $1.7 million. The FHLB realized...

People.(credit unions)
March 13, 2006... The Kentucky Credit Union League, Louisville, elected to its board: Alla Holland, chairman; Pat Ferry, first vice chair; Lynn Huether, second vice chair; Stephen Sharp, secretary; Nancy Warren, treasurer, John Graham, J. Huston Reinle and Henry...

This Just In! Indiana CU Promotes Pricing In Media Buy.
March 13, 2006... INDIANAPOLIS -- Indiana Members Credit Union is making news. The credit union recently rolled out its "Free...High...Low" advertising campaign with print, radio and television spots that feature a reporter covering a financial conference...

Why Meriwest Made Changes To Its Relationship Pricing.(members relationship of Meriwest Credit Union)
March 13, 2006... SAN JOSE, Calif. -- Meriwest Credit Union has made changes to a relationship-pricing system that rewards members who have the deepest relationships with the CU with reduced fees, better interest rates, free products and other benefits. ...

Product & Service.
March 13, 2006... Ensenta To Integrate A2iA Tech NEW YORK-A2iA Corp., a developer of advanced handwriting and print recognition engines, has announced that Ensenta Corp. has integrated A2iA CheckReader into its Self-Service Branch and companion Ensenta Web...

How Do You Spell Relief? It's H-e-n-s-a-r-l-i-n-g.(Representative Jeb Hensarling's planning on reg relief )(Brief Article)
March 13, 2006... WASHINGTON -- In what likely will be his final appearance at GAC, House Financial Services Committee Chair Mike Oxley (R-OH) passed the regulatory reform torch to Rep. Jeb Hensarling, calling him the "new hero on reg relief." Oxley has...

Assistant Treasury Secretary Touts Economy.(Emil Henry)
March 13, 2006... WASHINGTON -- It's tough going on the GAC stage as a former banker, but former investment banker-turned-Assistant Treasury Secretary Emil Henry knew he could rely on the Administration's support of the CU tax exemption to warm up the audience...

Sarbanes Cautions, 'Don't Become Too Bank-Like'.(credit union's banking services)(Brief Article)
March 13, 2006... WASHINGTON -- Though a long-time supporter of the credit union movement, Sen. Paul Sarbanes (D-MD) cautioned credit unionists against becoming too bank-like. "I believe strongly in the traditional orientation of the credit union movement,"...

'Statement of Unity Principles' Is Shared.(Brief Article)
March 13, 2006... WASHINGTON -- As banks continue to use a divide-and-conquer strategy by suggesting they are only after the big credit unions, CUNA's Small Credit Union Committee has crafted a "Statement of Unity Principles." Alhambra CU CEO Mary Shipe,...

Capital Notes.(tax exemptions for credit unions)
March 13, 2006... Down In The Front Row WASHINGTON-Credit unions know how to stack the decks...most of the time. When Rep. Mike Michaud (D-ME) took to the GAC stage, he was treated to a resounding ovation even before he said the "magic words" about the...

Arksansas Task Force To Measure Service.(Arkansas Credit Union League's task force)(Brief Article)
March 13, 2006... WASHINGTON -- The Arkansas Credit Union League has appointed a task force charged with creating a survey to help determine and measure what the state's credit unions are doing to serve the underserved. "The first step will be to interview...

Panelists Assess Emerging Risks For CUs.(Credit Union National Association)
March 13, 2006... WASHINGTON -- A group of NCUA staff, headed up by Office of Examination and Insurance Director David Marquis, discussed emerging areas of risk for credit unions as part of its "2006 Hot Topics" break-out session at CUNA's GAC. Among the...

Majority Leader To Be Both A Chair & A Runner.(senator services)(Brief Article)
March 13, 2006... WASHINGTON -- Here's a fun fact about Senate Majority Bill Frist: Frist is honorary co-chair of the Credit Union Cherry Blossom 10-Mile Race that benefits Children's Miracle Network. And not only does Frist serve as honorary co-chair-he also...

Stand Up And Cheer-That's An Order.(Credit Union National Association)(Brief Article)
March 13, 2006... WASHINGTON -- CUNA Chairman Juri Valdov didn't feel like the credit union faithful were reacting enthusiastically enough to politicians who voiced their support for the credit union tax exemption, so he decided to do something about it. ...

Journalist Bob Woodward Helps Boost Crowd At AGM.(Annual General Meeting)(opinion on credit unions)
March 13, 2006... WASHINGTON -- Noted journalist Bob Woodward, whose work in uncovering the Watergate scandal was the subject of the movie "All the President's Men," offered his insights to credit unions prior to CUNA's GAC. Woodward, who spoke for 15...

Credit Union Questions For Bob Woodward.(Interview)
March 13, 2006... WASHINGTON -- Credit unions had the following questions for journalist Bob Woodward following his remarks to CUNA's GAC: Q: What has been the biggest effect of Watergate? Woodward: It changed the presidency and it changed the Congress...

Community Page.(Fort Belvoir FCU participates in adopt a family program)(Pacific Service CU donates to low income families)(Southland CU donates to Americal Red Cross for hurricane relief)
March 13, 2006... Credit Unions In Their Communities * Fort Belvoir FCU, Woodbridge, Va., participated in the Adopt-A-Family program run by Army Community Service and raised money for two families during the holidays. * Pacific Service CU, Walnut Creek,...

65 CUs Sold Portfolios In 2005.(credit unions )(Brief Article)
March 13, 2006... PETERBOROUGH, N.H. -- Sixty five credit unions with credit card portfolios of $1 million or more sold those portfolios during 2005, according to analysis by Brookwood Capital, which consults on such sales. Total balances sold during the year...

NCUA Urges Participation In Plan.(National Credit Union Administration)(Brief Article)
March 13, 2006... ALEXANDRIA, Va. -- NCUA is urging credit unions to participate in the 2006 Assets for Independence Program, a federal grant program administered by the Office of Community Services (OCS), within the U.S. Department of Health and Human Services....

CU24 Hits Transaction High.(Credit Union 24 Inc.)(Brief Article)
March 13, 2006... TALLAHASSEE, Fla. -- The Credit Union 24 Network reported it hit an all-time high in monthly transaction volume, approaching 18-million transactions routed through the EFT network in December of 2005. The record-setting month reflects an...

Maine's CUs Set Record.(Maine Credit Union League)(Brief Article)
March 13, 2006... WESTBROOK, Maine -- The Maine Credit Union League has again topped itself by setting a new record for funds raised as part of the Annual Maine Credit Unions' Campaign for Ending Hunger. The Maine league reported that during 2005 credit...

Dave Chatfield's Career In Credit Unions.(Biography)
March 13, 2006... * 1965-CU volunteer, Colorado * 1968-1975-Field rep. supervisor, CUNA Mutual Insurance Group * 1975-1976-Service Corp. General Manager, New York State CU League * 1976-1978-First director of political action in CUNA's Washington...

Dave Chatfield's Thoughts On Other Issues.(State Credit Union Leagues political advocacy)
March 13, 2006... On The Future of State Credit Union Leagues: "The biggest change I have seen in the leagues is the shift in emphasis to critically important political advocacy. It has become Job 1, not to the exclusion of education and other aspects of the...

State, National Foundations Agree On Priorities.(Planning of National Credit Union Foundation and the State Credit Union Foundation)(Brief Article)
March 13, 2006... WASHINGTON -- The National Credit Union Foundation (NCUF) and the State Credit Union Foundation (SCUF) Network said they have agreed to five priorities for 2006: 1. Disaster relief. Plans include creation of a web-based platform to enable...

Corporate CUs To Introduce New Ad Theme, Tagline.(credit unions)(Brief Article)
March 13, 2006... DALLAS -- The Association of Corporate Credit Unions is rolling out a new ad campaign it says is designed to promote natural-person credit union investments into the corporate CUs. The theme uses "A Perfect Fit" as its tagline and will be the...

Ex-CU's Board Fights To Save Seats.(Brief Article)
March 13, 2006... RANFORD, N.J. -- Embattled directors at former credit union Synergy Financial made a last-ditch plea last week to the ex-credit union's other 1,000 stockholders to save their lucrative board seats from a dissident ownership group. "The future...

'Center' Expects To Provide Help.(DFCU financial)(Brief Article)
March 13, 2006... TAMPA -- The newly formed National Center for Member Trust is working on a plan to assist DFCU Owners United in spreading the word about the value of credit unions. The group's leader, Bucky Sebastian, CEO of GTE FCU in Tampa, told The Credit...