NEWPORT BEACH, Calif. - Bob Dorsa, president of Dorsa & Associates Inc. and president of NACUSO by management contract since the late 1990's, will become a salaried NACUSO employee starting October 1. Dorsa was one of the founding directors of NACUSO. He was appointed the association's first president in 1997....
FARMERS BRANCH, Texas - TCUL Lending Services used to offer its auto loan recapture program by accessing the Department of Motor Vehicle's database to find out which members financed auto loans from a source other than a credit union. The Gramm-Leach-Bliley Act put an end to that practice. Now TCUL...
A new association business structure has emerged that could potentially challenge the traditional thinking about credit union system organizations. For some, our success might point out credit union needs that have gone unfulfilled by the existing structure. It seems long-time credit union luminary and Credit Union Times publisher Mike Welch's...
SALT LAKE CITY - On the job for the Utah League of Credit Unions for less than two months, Pete Suazo, a leading Utah legislator and called "the most prominent Latino in the state," was killed in a tragic all terrain-vehicle accident August 19. The 50-year-old Suazo, a state senator...
WASHINGTON-Despite the reputation for many construction companies to overstay their welcome, CUNA's Credit Union House looks as if it will be ready in time for the September 11 grand opening. The house is being funded by credit union leagues that have invested in a limited liability corporation (LLC) on behalf...
PARIS - If the new technology has created opportunities it has also created legal problems and affected the way credit unions and all businesses operate. Because the Internet knows no borders, things like trademark issues can become major problems, said Eugenia Carter, an attorney with LaFollette, Godfrey and Kahn who...
INDIANAPOLIS - As another Internet solutions provider popular in the credit union space makes a deal to offer account aggregation to its clients, the question of member interest in the product remains. At press time,VIFI, Indianapolis, has partnered with aggregation firm uMonitor to offer aggregation to its 160 financial clients,...
COLUMBIA, S. C. - The Internet has made inexpensive investing available to anyone with a computer and modem, and numerous competitors, new and old, are now vying for the business of increasingly Web-savvy credit union members. Retaining those members, their loyalty, and their assets may be increasingly challenging in such...
WASHINGTON - Credit unions should not be limited in how they electronically communicate with their members for delivery of online financial services, say CUNA and NAFCU. In comment letters to the Fed, the two trades pounded home this point. Gramm-Leach-Bliley required that the Fed undergo a study and prepare a...