Credit Union Journal articles from March 2007

Credit Union Journal archives from March 2007

In Washington, A New Look At CU Democracy: Congress Plans New Moves On Convervsions.(Conference news)
March 5, 2007... WASHINGTON -- Work on the CU regulatory relief bill, known as CURIA, has slowed on Capitol Hill, while lawmakers focus on more important issues, like funding for victims of Hurricane Katrina, terrorism insurance and reform of the secondary...

In Washington, A New Look At CU Democracy: NCUA To Wield The Stick In Bylaw Disputes.(National Credit Union Administration )
March 5, 2007... WASHINGTON -- After months of internal deliberation, NCUA plans to reestablish itself as arbiter in bylaw disputes at credit unions. This issue has been festering for the last 18 months, as members at two credit unions have launched...

'Affordable' Doesn't Mean 'Charity': CUs Share Strategies On Offering Mortgages That Boost Bottom Line While Fulfilling Members' Dreams.(Editorial)
March 5, 2007... DURHAM, N.C. -- An affordable home loan program is not a giveaway. In fact, it can be profitable niche for credit unions that identify an underserved market and respond with a program tailored to the market. In many cases "affordable" does...

CUs Seek Rescue Of CDFI Fund.(Community Development Financial Institutions)(Credit unions )
March 5, 2007... WASHINGTON -- Credit unions weighed in again last week to try to rescue the Community Development Financial Institutions Fund, calling on Congress to save the Clinton-era program from Bush-era budget cuts. During a congressional hearing on...

U Of Iowa CCU Members Vote To Keep Name, Reject Optiva.(University of Iowa Community CU )
March 5, 2007... IOWA CITY -- Members of University of Iowa Community CU resoundingly voted to keep its name by an 806-631 margin at a Feb. 28 vote here. UICCU had been scheduled to change its name to "Optiva Credit Union" on March 1. That name had been...

On Deadline.(briefs)(acquisitions)(rules for Lafayette Federal Credit Union)(Tyndall Federal uredit union services)
March 5, 2007... Northwest, Southwest Corporates Explore Merger PORTLAND, Ore.-The boards of directors of Northwest Corporate Federal Credit Union and Southwest Corporate Federal Credit Union, Plano, Texas, have signed a letter of intent to merge the two...

AACUC Holds Winter Networking Reception.(African-American Credit Union Coalition)
March 5, 2007... WASHINGTON -- Harry Johnson, CEO of the Martin Luther King Jr. National Memorial Project Foundation was the keynote speaker at the African-American Credit Union Coalition's (AACUC) Winter Networking Reception. The reception was timed in...

CUISPA Hosts Risk Management Workshops.(Credit Union Information Security Professionals Association)(Brief article)
March 5, 2007... AUSTIN, Texas -- The Credit Union Information Security Professionals Association (CUISPA) said it will host a series of Regional Risk Management Workshops this year to "address the critical topics that credit union IT departments are facing."...

Former Louisiana League President Passes Away.(death of Homer C. Thomason)(Obituary)(Brief article)
March 5, 2007... SLIDELL, La. -- Homer C. Thomason, a former president of the Louisiana Credit Union League, has died. Mr. Thomason was 95. In addition to serving at the league, Mr. Thomason was also chief of the accounting branch fiscal division of the New...

Wife Of CMG President Loses Battle With Cancer.(Gilda's Club of Madison)(death of Peggy Post)(Obituary)(Brief article)
March 5, 2007... MADISON, Wis. -- Peggy Post, the wife of CUNA Mutual President Jeff Post, has died after a long illness. Jeff Post did not attend CUNA's GAC in order to be with his wife, and issued a statement saying his wife wanted a quiet, private...

CUES Staffing Manual Changing CEOs' Minds On Part-Timers.
March 5, 2007... MADISON, Wis. -- Think you're saving money by hiring part-time tellers? Think again. When the "CUES 2006 Staffing Manual for Credit Unions" Author Dr. Carl Fredrickson took a closer look at part-time staffing at CUs, he was a bit surprised...

RCU Recognizes Volunteerism.(Union, Royal Credit)(Brief article)
March 5, 2007... EAU CLAIRE, Wis. -- Royal Credit Union has created a Lifetime Volunteer Award to show members its appreciation for their volunteer efforts within the CU and throughout the community. Recently, 17 members joined the list, said Carla Leuck,...

State Stat-Shot.(credit unions of each state)(Statistical table)(Brief article)
March 5, 2007... Throughout 2007, the Credit Union Journal, in conjunction with ENCORE Card Services, are profiling the credit unions of each U.S. state and D.C. Rather than appear in alphabetical order, the states are being featured in the order they became...

Worth Noting.(briefs)(The Vermont State Employees Credit Union)
March 5, 2007... FSCC Pays Its Highest Dividend SAN DIMAS, Calif.-Financial Service Centers Cooperative, Inc (FSCC), said it will pay an all-time high Patronage Dividend of more than $2 million to member credit unions for transactions performed in 2006....

Take Membership Growth To The Edge With Marketing Guru.(Editorial)
March 5, 2007... CLIFTON, Va. -- Paul Lucas will be the opening attraction at the Credit Union Journal's Business Development & SEG Conference in Boston on April 12, and he promises a special delivery of Postcards from the Edge. That edge, in case you haven't...

About The Conference.
March 5, 2007... WHAT: Credit Union Journal's Business Development & SEG Conference WHEN: April 12 & 13 WHERE: The Hyatt Hotel, Boston THE SKINNY: Credit Union Journal's Business Development & SEG Conference is dedicated to strategies for growing,...

Oregon CUs Elicit Few Complaints From Consumers.(credit unions)(Brief article)
March 5, 2007... BEAVERTON, Ore. -- Credit unions caused just 1.7% of total consumer complaints in Oregon, according to the state's Department of Justice 2006 Top 10 Consumer Complaint list. Financial institutions (as a broad category) dropped down to the...

Now In The Market.(Briefs)
March 5, 2007... CMG Enhances 401k Product MADISON, Wis.-CUNA Mutual Group reported it has enhanced its 401(k) product by adding a unique rider that guarantees the principal on a credit union employee's retirement plan. "The guarantees on principal and...

Unsecured Educational Loans Help Michigan Cope With Unprecedented Job Losses.
March 5, 2007... AUBURN HILLS, Mich. -- Cornerstone Community Financial has joined a statewide effort to provide below-market, unsecured education loans to members primarily affected by Michigan's unprecedented job losses. For its part in the Career...

30 Years Of Snapshots Forever In The Credit Union Album.(Editorial)
March 5, 2007... Credit unions have checked out of the Washington Hilton after 30 years, which is a mighty long stay in a hotel. Paid the bill. Said their good-byes. Hilton GAC vets will take with them a million snapshots, forever remembering... The...

Calendar.(Calendar)
March 5, 2007... MARCH March 7-9 WesCorp's Financial Strategies Conference and Hawaii CUES Rainbow Council Annual Update, Sheraton Moana Surfrider Hotel Honolulu. For info: Deanne Figueras at 800-442-4366, ext. 6465 or dfigueraswescorp.org. ...

Are Your Members Looking Past Your CU's Shelves When Shopping For A Mortgage?
March 5, 2007... When your members are shopping for a mortgage, they are looking out for their own best interests. Some members want the best rates, some want the best service, some need a wide selection of flexible programs from which to choose, and...

Pending Data Security Bill Shaped By Mass. Credit Unions.
March 5, 2007... WASHINGTON -- Lawmakers, with their constituents again sorting the costs of the latest data breach, are busily drafting legislation aimed at stemming these breaches, at least one of which will include key provisions shaped by credit unions. ...

Idea To Create CU Card Brand Is Floated At GAC.
March 5, 2007... WASHINGTON -- Credit union executives and directors, frustrated over their liability for cards breaches for their bank-owned Visa and MasterCard systems, floated the idea last week of a credit union-owned credit card brand. "Eighty-nine...

P2P Lending CUSO Uses ZOPA As Potential Model.(Brief article)
March 5, 2007... WASHINGTON -- Credit unions are plotting a nationwide lending brokerage service modeled after the successful ZOPA. Several credit unions are planning a CUSO that will act as an online referral service for credit unions and potential...

Michigan's Allan McMorris Elected To Chair CUNA.(Credit Union National Association)(Brief article)
March 5, 2007... WASHINGTON -- Allan McMorris, a self-proclaimed "hog-riding" CEO of a mid-sized Michigan credit union, was elected chairman of the CUNA Board of directors for the next two years. McMorris, who told attendees to CUNA's Governmental Affairs...

CUNA Financial Report: Bottom Line Doubles In 06.(Credit Union National Association)(Financial report)(Brief article)
March 5, 2007... WASHINGTON -- CUNA financials, which have been boosted by asset sales and earnings of its CSS subsidiary in recent years, reported strong financial results for 2006. The trade group said it doubled its net income to $2.9 million, with $1.5...

Theismann Urges CUs To Keep Building Momentum.(Washington Redskins Quarterback Joe Theismann )(Brief article)
March 5, 2007... WASHINGTON -- Former Washington Redskins Quarterback Joe Theismann urged credit unions to continue building momentum when they visit their lawmakers during the Hike The Hill effort that is part of CUNA's Governmental Affairs Conference. ...

Mica Recaps CU Health, Deplores Bank Hypocrisy.(Credit Union National Association CEO Dan Mica )(Brief article)
March 5, 2007... WASHINGTON -- CUNA CEO Dan Mica offered a recap on where credit unions stand today, the issues of importance on Capitol Hill, and both a farewell to the Washington Hilton and a preview of the GAC's future digs. Calling on credit unions to...

SBA Urges CUs To Keep Making MBLs A Priority.(Small Business Administration )(Brief article)
March 5, 2007... WASHINGTON -- Loan backed by the Small Business Administration continue to represent an important opportunity for credit unions, not only in their ability to grow and serve their members, but also in the opportunity to contribute to the wealth...

Hood Promises Not To Impose CRA On CUs.(National Credit Union Administration Vice Chairman Rodney Hood )(Community Reinvestment Act )(Brief article)
March 5, 2007... WASHINGTON -- NCUA Board Vice Chairman Rodney Hood promised to fight imposing Community Reinvestment Act provisions on credit unions, encouraged more member business and microlending and how CUs can help stave off unscrupulous lenders from...

GAC Notes.
March 5, 2007... WASHINGTON -- Notes and quotes from CUNA's Governmental Affairs Conference. * "[Politicians] all care about two things: money and votes," said CUNA's Trey Hawkins, not necessarily suggesting in which order those two things are prioritized....

'Affordable' Doesn't Mean 'Charity': CUs Share Strategies On Mortgages That Boost Bottom Line, Fulfill Members' Dreams.(South Side Community FCU )
March 5, 2007... CU Teams With Bank On Viable Mortgage Program CHICAGO-Less than four years after it opened its doors and began operating, South Side Community FCU here has begun offering mortgages, including partnering with a local bank to make the program...

Mortgage News.(Carteret Mortgage Corporation to use disclosure forms)(extensive usage of ePASS Network)(DRI Default Solution)
March 5, 2007... Carteret To Require Disclosures CENTREVILLE, Va.-Carteret Mortgage Corporation announced that it will soon be mandating that all Option ARM applicants receive and sign a company-designed disclosure statement that clearly explains negative...

This Market Has Money And Is Looking To Buy-How CUs Can Capture It.
March 5, 2007... INDIAN WELLS, Calif. -- The mortgage lending industry must change to meet new challenges, because there are hundreds of thousands of families flocking to the U.S. who have money and have good jobs, but do not speak English and do not understand...

Are Mortgages Best Investment?(Brief article)
March 5, 2007... AUSTIN -- While paying down a mortgage is a good way to save interest over time, a new study found greater savings when extra cash is placed in a tax-deferred retirement account. Researchers at the University of Texas at Austin and the...

Mortgage News.(Security Service FCU hired Prime Alliance)(CU Lending Inc. entered in partnership with BlueStar Mortgage Company)(Philadelphia Federal Credit Union's MyCommunityMortgage loan)
March 5, 2007... SSFCU Selects Prime Alliance TUKWILA, Wash.-Security Service FCU has selected Prime Alliance as its provider for mortgage solutions. The 3.9 billion-Security Service Federal will be using Prime Alliance's Retail Lending Center (RLC) and...

Secret CUNA RolE Cited in Historic Senate Race.(Credit Union National Association)(Sen. Joe Lieberman )(Brief article)
March 5, 2007... WASHINGTON -- Now it can be told. Sen. Joe Lieberman said CUNA's behind the scenes role in his Senate campaign may have been responsible for his come-from-behind win. Lieberman, the first candidate ever elected to the Senate after losing...

Back-room Presidential Politics at CUNA's GAC.(Credit Union National Association)(Governmental Affairs Conference)(Brief article)
March 5, 2007... WASHINGTON -- Democratic Presidential hopeful Christopher Dodd gathered credit union executives in key primary states in a back room at the Washington Hilton after remarks at CUNA's Governmental Affairs Conference in order to gauge support in...

NCUA Hands Out $150,000 in Fines for Late HMDA Reports.(Home Mortgage Disclosure Act)(Brief article)
March 5, 2007... ALEXANDRIA, Va. -- NCUA announced it assessed more than $150,000 in fines to 22 credit unions for filing late reports required under the Home Mortgage Disclosure Act. NCUA only began assessing fines for late HMDA filing in 2005, fining 18...

NCUA Names Walters new Region Two Director.(appointment of Jane Walters)(National Credit Union Administration )(Brief article)
March 5, 2007... ALEXANDRIA, Va. -- The NCUA Board re-appointed Jane Walters as director of the agency's Region Two, completing the comeback for the once-chastened NCUA executive. Walters served as director of the Mid-Atlantic Region in the mid-1990s...

People.(appointments)(Brief article)
March 5, 2007... Smart Financial CU, Houston, Texas, named Corbin Wilson vice president of electronic member services. DuPont Community CU, Waynesboro, Va., named Larry Reitenauer vice president of administration. St. Vrain Valley Credit Union,...

CDCU Buys Wachovia Branch for $1.(Borinquen Federal Credit Union)(Community Development Credit Unions)(Brief article)
March 5, 2007... PHILADELPHIA -- Borinquen FCU, a credit union in Hispanic north Philly, has agreed to acquire a new branch from Wachovia Bank for $1. The banking giant, which closed two neighborhood branches two months ago, said it has agreed to virtually give...

CU Vendors Suffer With Market.(Brief article)(Statistical data)
March 5, 2007... WALL STREET -- The biggest credit union service providers, who had all rallied to new highs in recent days, were pulled down with the rest of the stock market after the Dow Jones average plunged 415 points, it's steepest fall since the days...

Fidelity National Outsources To India.(Fidelity National Information Services)(Brief article)
March 5, 2007... JACKSONVILLE, Fla. -- Fidelity National Information Services has expanded its outsourcing operations in India, with the acquisition of Second Foundation, Inc., a leading provider of offshore global information technology services. As a result...

Funds Available From FHLB-Pitt.(Federal Home Loan Bank of Pittsburgh)(Brief article)
March 5, 2007... PITTSBURGH -- The Federal Home Loan Bank of Pittsburgh is making $24.2 million available for affordable housing grants this year for it 335 bank and credit union members. That includes $7.64 million for its First Front Door lower-income...

CU Discontinues Indirect Lending.(Community First CU )(Brief article)
March 5, 2007... JACKSONVILLE, Fla. -- Community First CU of Florida, one of the state's largest CUs, said it has discontinued its indirect auto lending program. The program is one of Florida's largest at about $100 million a year through 12 dealerships....

READER RESOURCES.(Editorial)
March 5, 2007... Credit Union Journal Subscribers can access all content from the print edition every Monday simultaneously with its publication at www.cujournal.com. Additional resources include: * Front-page news stories are accessible by clicking on the...

Under The Microscope: Latest Developments In Research.(report on credit cards held by Americans)(productivity of branches)(report on Student loans)
March 5, 2007... Experian: 14% of U.S. Pop. Has 10-Plus Credit Cards IRVINE, Calif.-Approximately 14% of the U.S. population has more than 10 credit cards, according to the latest National Score Index study by Experian Consumer Direct, a provider of online...

Predator Or Savior?: Why CUs Should Be Payday Lenders.
March 12, 2007... TAMPA -- Of all the people credit union champion Lois Kitsch could have brought to an NCUA summit on short term lending, she picked a payday lender expert. NCUA Board Member Gigi Hyland brought the agencies' Access Across America series to...

IRS UBIT Letter May Pose Tax Threat For Movement.(Internal Revenue Service, Unrelated Business Income Tax)
March 12, 2007... WASHINGTON -- The IRS has finally gotten around to addressing the Unrelated Business Income Tax (UBIT) as it applies to at least some state-chartered credit unions (SCUs), setting up a fight that could eventually pose a risk to federal...

CU Fear Factor: CUs Point To Bank Attacks, Squeezed Margins, But Could It Be Fear That Is Holding The Movement Back?
March 12, 2007... GRAND RAPIDS, Mich. -- What is it about credit unions and CUSOs that keeps them from forming a unified network? Why is the idea of overcoming behemoth financial services competitors so scary? The collective wisdom of the CU movement posits...

Grow Or Die: Strategies To Thrive.
March 12, 2007... BOSTON -- The room block for the Credit Union Journal's popular Business Development and SEG Conference is getting close to filling up. Scheduled for April 12-13 at the Hyatt Regency Hotel here, the conference is focused on one of the core...

Beehive CU Is Exploring A Conversion To Bank Charter.
March 12, 2007... SALT LAKE CITY -- The $177-million Beehive Credit Union has told members it is "considering a plan of conversion" to a federal mutual savings bank. Members were informed of the plan during a recent annual meeting, and a vote of the...

On Deadline.(Smart Financial CU's loan programme for teachers)(report on Personal loans)(PSCU Financial Services Merged With Digital Dialogue LLC)
March 12, 2007... Senate Panel Grills Banks On Credit Card Practices WASHINGTON-Credit card banks came under fire in a hearing before the Senate Permanent Subcommittee on Investigations, where the chairman, Sen. Carl Levin, said attempts by the credit card...

Northwest Corporate Plans Meetings To Sell Members On Merger With Southwest.(Northwest Corporate Credit Union, Southwest Corporate Federal Credit Union)
March 12, 2007... PORTLAND, Ore. -- Leaders of Northwest Corporate Credit Union are now planning a series of meetings with member credit unions following plans to merge with Southwest Corporate FCU. The two corporates were still in the process of putting...

VITA Partnerships: One Way CUs Can Reach Out To Underserved.(Volunteer Income Tax Assistance, credit unions)
March 12, 2007... TAMPA -- When was the last time you were happy to hear from the IRS? That was exactly the point one IRS employee was trying to make when he opened his presentation at the NCUA Economic Empowerment Summit hosted by NCUA Board Member Gigi...

Holub Testifies Before State Senate Committee.
March 12, 2007... ST. LOUIS -- The Missouri Credit Union Association said a new bill may help end seven years of field of membership lawsuits in the Show Me State-providing bankers and/or legislators do not make major alterations. MCUA CEO Rosie Holub...

State Stat-Shot.(Brief article)
March 12, 2007... Throughout 2007, the Credit Union Journal, in conjunction with ENCORE Card Services, are profiling the credit unions of each U.S. state and D.C. Rather than appear in alphabetical order, the states are being featured in the order they became...

Worth Noting.(briefs)(Duke University Federal Credit Union)(CalCom Federal Credit Union)(Forward Financial Federal Credit Union)(Brief article)
March 12, 2007... CUES Names Scholarship Winners MADISON, Wis.-The Credit Union Executives Society has announced the winners of three partial scholarships for its 2007 CEO Institute program: Daniel Berry, CEO, Duke University FCU, Durham, N.C.; Jon...

How You, Too, Can Be A 'Hero' And Grow Your Membership.(Call Federal Credit Union appointed Kelley Parks )
March 12, 2007... RICHMOND, Va. -- Kelley Parks may be back to performing more traditional duties as VP of Marketing and Business Development at the $250-million asset Call Federal Credit Union here, but the memories of her superhero days are still lingering....

About The Conference.
March 12, 2007... WHAT: Credit Union Journal's Business Development & SEG Conference WHEN: April 12 & 13 WHERE: The Hyatt Hotel, Boston THE SKINNY: Credit Union Journal's Business Development & SEG Conference is dedicated to strategies for growing,...

Join Us For A (Very Special) Night At The Museum.
March 12, 2007... We have a very special dinner invitation for you-but hurry, there is a cap on how many folks can attend! Thanks to the support of the CO-OP Network, as part of our Business Development & SEG Conference April 12-13 in Boston, the Journal has...

Credit Unions In The Media.(Brief article)
March 12, 2007... 10News.com in San Diego did a story about credit unions offering an alternative to high-interest payday loans. "Many community credit unions are doing it, and some big credit unions are doing it," Lily Lo of Northeast Community FCU was quoted...

Now In The Market.(Harland Financial Solutions enters in partnership with Synapse Technology)(Meriwest Credit Union signed contract with Digital Dialogue)(Missouri Credit Union Shared Branch Network opened new branch)
March 12, 2007... CUBC Launches New Services MIRAMAR, Fla.-CU Business Capital, LLC is expanding services to its credit union partners and their members by creating a CUSO first, Small Business Lending Group. This new division is headquartered in the New...

Federation Calls For 'Radical Reorientation' Of CU Movement's Standards, Focus.(National Federation of Community Development Credit Unions )
March 12, 2007... WASHINGTON -- Sometimes, being "the right thing to do," just isn't enough. And that's exactly why The National Federation of Community Development Credit Unions wants to see a "radical reorientation" of credit union regulatory and...

The Side Of The Communications Age That No One Foresaw.
March 12, 2007... (People) banded together to form a credit union, lend money to one another, and make money at the same time. Sounds like the ending of "It's a Wonderful Life," doesn't it? Except George Bailey doesn't work at the credit union anymore. -Recent...

Calendar.(Calendar)
March 12, 2007... MARCH March 14-17 CUNA Marketing Council Annual Meeting, Green Valley Ranch Resort, Henderson, Nev. For info: www.cunamarketingcouncil.org. March 20-23 NAFCU Lending and Collections Conference. Caleo Resort & Spa -...

CU Crafts Short-Term Loan After Survey Uncovered Real Need.
March 12, 2007... TEMPE, Ariz. -- Every year the amount of money American consumers spend on Christmas presents goes up, so Altier CU crafted a special short-term holiday loan to meet that need. In 2006 the average holiday shopper was expected to shell out...

Spending Habits Surveyed.(on households)(Brief article)
March 12, 2007... WASHINGTON, D.C. -- A sample of households across the country to provide information on how much Americans spend for health care, groceries, clothing, transportation, housing and other items is being collected by U.S. Census Bureau field...

Steps We Must Take To Preserve Future Of CU Movement.
March 12, 2007... Most of us in the process of managing credit unions or providing systems, services and advice to credit unions would agree this is the most challenging operating environment we have seen in a long time. What's more, many economic experts...

Research: Altruistic Proactivity Can Increase Member Loyalty.
March 12, 2007... Glen Urban's book, "Don't Just Relate-Advocate! A Blueprint for Profit in the Era of Customer Power" (Wharton School Publishing), argues that today, consumers are all powerful in the business/consumer relationship. The Internet has given them...

Now In The Market.(Altura Credit Union opened new office)(CU*Answers launched new website)
March 12, 2007... New Building Houses 4 CUSOs RIVERSIDE, Calf.-Altura Credit Union recently celebrated the grand opening of a new, central location for its CUSO companies: Auto Expert; Amerit Escrow, Inc.; Patrion Insurance, Inc.; and Patrion Mortgage, LLC....

Could An Internet-Only Credit Union Charter Be Not Far On The Horizon?(Brief article)
March 12, 2007... MEDIA, Penn. -- Is an Internet Credit Union Charter option a possibility? Might it be possible to create a completely online credit union field-of-membership? As NCUA rules stand right now, the answer to both those questions is no. "The...

NACUSO Chair Moves To President's Post, Outlines Upcoming Meeting.(Editorial)
March 12, 2007... LAS VEGAS -- When credit union and CUSO representatives gather at the Wynn Las Vegas Hotel on April 30-May 1 they will hear the trade association's new president, Tom Davis outline its plan to "solve tough industry problems" and help them...

GAC Coverage.(overview of political conditions)(likely reforms in Immigration policy)(Republican Rep. Rob Bishop on lobbying of credit unions)
March 12, 2007... Pundits All Line Up On One Side: Election 08 Unique WASHINGTON-It's a rare moment when Republican strategist Mary Matalin, her husband, Democratic strategist James Carville and FOX News Anchor Brit Hume all agree on something, but all three...

GAC Notes.
March 12, 2007... WASHINGTON -- Notes and quotes from CUNA's Governmental Affairs Conference. * As soon as credit unions cleared out of Washington bankers started filling hotel rooms. CUNA CEO Dan Mica said a bank "fly in" was designed to "undo everything...

Members Buying Into TCU Savers Club.(Teachers Credit Union)(Brief article)
March 12, 2007... SOUTH BEND, Ind. -- A Savers Club Program launched by Teachers Credit Union in the third quarter of 2006 to help educate members to become better consumers has attracted a whopping 4,577 members, so far. Of those, 4,391 have taken advantage of...

NCUF Wins $415K Grant For CU IDAs.(National Credit Union Foundation )(Brief article)
March 12, 2007... WASHINGTON -- The National Credit Union Foundation (NCUF) has accepted a $415,000 federal grant to help credit unions fund Individual Development Accounts (IDAs) that will help low-income families become first-time homebuyers. The U.S....

People.(Smart Financial CU appointed Corbin Wilson )(DuPont Community CU appointed Larry Reitenauer )(St. Vrain Valley Credit Union appointed Ginny Morris )
March 12, 2007... Smart Financial CU, Houston, Texas, named Corbin Wilson vice president of electronic member services. DuPont Community CU, Waynesboro, Va., named Larry Reitenauer vice president of administration. St. Vrain Valley Credit Union,...

MCUL Makes Hay Of Bank Departure.(Michigan Credit Union League acquired Comerica Bank (Detroit, Michigan))(Brief article)
March 12, 2007... NORTHVILLE TOWNSHIP, Mich. -- A decision by Comerica Bank, this state's oldest and largest bank, to leave its long-time home and move to Dallas is being leveraged by the Michigan CU League in a message to local media about the credit union...

TCUL Name, Logo Back On TNB.(Texas Credit Union League, Town North Bank)(Brief article)
March 12, 2007... DALLAS -- The Texas Credit Union League's name and logo once again adorn the Town North Bank Building, formerly called Texas Credit Union Center. "Although the TNB name will continue to occupy the top of the building, we are proud to again have...

Change to State Charter OKd.(Elevations Credit Union)(Brief article)
March 12, 2007... BOULDER, Colo. -- Elevations CU is moving forward with its conversion to state charter following a vote of its membership approving the proposal. Of those casting ballots, a whopping 81% favored converting to a state credit union charter. The...

Manager Charged With Fraud.(Robin E. Anderson charged for bank fraud)(Brief article)
March 12, 2007... SIOUX CITY, Iowa -- A former branch manager of Advantage One Credit Union has been indicted on four counts of bank fraud and two counts of money laundering in federal court, according to local news reports. The manager, Robin E. Anderson...