RANCHO CUCAMONGA, Calif. - Arguing that members of federally insured credit unions should have the same grace period in deposit coverage that customers of federally insured banks have when two banks merge and the merger results in them having deposits of more than $100,000 in the combined financial, the California...
WASHINGTON - Members erring on the side of caution with short-term investments and "vigorous" efforts by credit unions to woo new savers to buffer recent liquidity pressure have resulted in a surge in savings and mortgages. This, according to Callahan & Associates Inc.'s second quarter research and data report discussed...
First let me say I am so glad the Renaissance Commission has stirred up so much discussion. However, there are some real misunderstandings. One of those is that the issues of small credit unions were not taken into consideration. There were several representatives of small credit unions on the commission,...
BIRMINGHAM, Ala. - What backers describe as a fairly young concept as a tool to help credit unions assist CU-friendly political candidates, has just taken a step toward maturity. CU-VOTE was established a couple of years ago as a complement to efforts by the Alabama Credit Union League to provide...
CLONMEL, Ireland - The Clonmel Credit Union looks to the youth and has a school zone on their Web site www.clonmel.cu. As they say it's a place for schools to put "stuff" on. Visitors to the site can learn about the German exchange program, the Tipperary Business and Development Institute,...
Virginia Credit Union, Richmond, has named Beverley F. Rutherford, vice president; Neelam Thompson, vice president; and Stephanie N. Vick, vice president. University of Virginia Community Credit Union, Charlottesville, has named Pamela Turner vice president of finance. Jeanne D'Arc Credit Union, Lowell, Mass., has named Mariaelena Lambert assistant treasurer/ Tyngsboro branch...
NEW YORK - The New York Credit Union League has set up a command center in Manhattan to provide on-the-spot assistance to CUs affected by last week's terrorist attack. "We have two important missions to carry out right now," said NYCUL President/CEO Bill Mellin. "We are a conduit of information,...
Local 292 IBEW Federal Credit Union, Minneapolis, has changed its name to Electrus Federal Credit Union. The new name is derivative of the words electric and trust to better represent the credit union's members. Telco Community Credit Union, Tacoma, Wash., has changed its name to Sound Credit Union. The new...
WASHINGTON-According to Federal Election Commission (FEC) reports, CUNA put most of its large donations from its Credit Union Legislative Action Council (CULAC) toward Republican candidates last month. House Majority Leader Dick Armey (R-Texas) was the top money getter with contributions totaling $8,000. Additionally, the Majority Leaders Fund received $2,000. Other...
HARRISBURG, Pa. - The Pennsylvania Credit Union League is seeing a shift in the approaches affiliated credit unions are taking to build membership. About a year ago, calls to the league's Compliance and Information Services focused on questions concerning the details of adding SEGs. In fact, last summer the PCUL...