By MICHELLE SAMAAD CU Times Correspondent-At-Large HONOLULU - Having no qualms about showing off his lush, green homeland, it's no wonder Ron Ogata, president/CEO of HawaiiUSA Federal Credit Union has been deemed the `ambassador of Hawaiian hospitality' by so many who have visited the islands. Future hosting may be on...
By MICHELLE SAMAAD CU Times Correspondent-At-Large ALEXANDRIA, Va. - It's still too early to tell if several key changes NCUA has proposed on how federal credit unions conduct investment activities will come to fruition as the Jan. 24 comment deadline came and went. Last October, the NCUA Board requested comments...
FRANKFORT, Ky. - Nearly three months after Bentley Financial Services was sued by the Securities Exchange Commission for investment fraud, credit unions affected continue to reassure members that their money is insured and capital numbers are solid enough to weather the outcome. Robert Bentley, owner of BFS and Entrust Groups...
CU Times Correspondent-At-Large VIENNA, Va. - While a new version of the Euro currency in several European countries went into effect on New Year's day, members at military-affiliated credit unions probably won't be affected by the change since most deal in U.S. dollars. The newest Euro note replaces legal tender...
WASHINGTON - A myriad of fees investors and businesses pay when they sell stock, merge with another company or even register with an exchange have gotten out of hand, says one Congressman, and a bill to reduce them awaits Pres. George W. Bush's signature. The rates in questions - Section...
One form of identification card - the `matricula consulare' ID card - is widely gaining acceptance by credit unions and banks as a way to help provide financial services to Mexican immigrants who live and work here and hopefully alleviate immigrants' fears and build a bridge to increasing household net...
HOUSTON - Despite Enron Corp.'s recent failed merger, underwater stock price and federal investigations on whether employees were blocked from selling the company's stock, financial services to members of Enron Federal Credit Union remain intact. Enron FCU (EFCU) is committed to a "business as usual" policy, said Jack McAdoo, president/CEO,...
"We have a fairly blue-collar membership and many of our members own their own businesses," said Jack Ledwidge, St. Anne's president/CEO. "This partnership will not only help continue revitalizing the city, but there may be opportunities for our members to have access to the loans, which will bring in more...
OMAHA, Neb. - SAC Federal Credit Union is looking to build on its 55-year history of serving members who work for the U.S. Department of Defense (DOD) and the Air Force with a newly-expanded community charter. The second largest credit union in the state recently got NCUA approval to switch...
HONOLULU - What do you get when you meld a 27-year career in local and state government with nearly 15 years in the credit union movement? An uncanny acumen for gathering consensus with the fine-line ability to forge ahead with `out of the box' decisions. Peter Leong, president/CEO of Hawaii...