WASHINGTON-As part of CUNA's efforts with the Renaissance Commission, President and CEO Dan Mica penned a letter to his former colleagues on the Hill, explaining the commission and its goals. The letter explained that while the Gramm-Leach-Bliley Act helped to modernize other federal financial institutions' laws and regulations, credit unions...
MANHATTAN BEACH, Calif. - It's not changing its name to evolve into something different, it's changing its name to reflect what the credit union has become. That's the message Hughes Aircraft Employees FCU wants its members to get loud and clear. After 61 years with the Hughes name, the credit...
SAN FRANCISCO, ANAHEIM and CHATSWORTH, Calif. - When it comes to being able to make member business loans, a credit union's looks can be deceiving. Take Patelco CU in San Francisco, for example. As the fourth largest credit union in California, it would be easy to assume the credit union...
WASHINGTON- With privacy notices becoming mandatory July 1, many consumer groups and at least one lawmaker are bringing their concerns to light about the financial services industry's privacy notices. The privacy notices are required under Title V of the Gramm-Leach-Bliley, which was signed into law in 1999. Congressman John LaFalce...
As interesting as stories in each weekly issue of this publication are, our talented editorial and production team has found still another way to make them even more informative. They now add colorful and fact-laden charts to the pages of Credit Union Times in each weekly issue to bring statistics...
Just about the time most of us have almost forgotten about CUNA's ambitious Renaissance Commission effort, it pops up in the news again. The headlines this time (see page one) have to do with the commission making its report to the CUNA Board of Directors when it met last week...
MADISON, Wis. - Credit unions wanting more flexibility in pinpointing where their investments are structured based on market fluctuations have a new option. The National Credit Union Foundation (NCUF) and U.S. Central Credit Union are offering a three-year fixed rate, fixed term share certificate that will enable credit unions to...
The professional career of NAFCU Services Corporation President Keith Nolan started out with VISA. He spent four years in operations at VISA, and three years in marketing and sales. Nolan then entered the CU industry by joining Payment Systems for Credit Unions in 1989 as senior vice president, Eastern regional...