ALEXANDRIA, Va.-The somewhat lengthy and substantial July NCUA Board meeting covered quite a few big issues for credit unions including the budget and a money saving, flexible examination schedule, but undoubtedly the most noteworthy topic was the new incidental powers regulation. Not only did the final rule have credit unions...
RANCHO CUCAMONGA, Calif. - The California Credit Union League is preparing to present to the NCUA Board in September its list of five recommendations for alternative methods for credit unions to raise capital. The recommendations are discussed at length, including the advantages and disadvantages for each model, in a paper...
ALEXANDRIA, Va. - All signs are go for Members Trust Co. (MTC) to obtain a national trust charter that could potentially serve members outside of Florida. MTC, Suncoast Schools Federal Credit Union's (SSFCU) credit union service organization was formed in 1987 and currently exists under a state charter serving 1,500...
MEDIA, Pa. - The hand vote is in, and based on interviews Credit Union Times has done with CUSO and trade association sources, the consensus is that the NCUA Board's unanimous decision at its July 26 meeting to expand federal credit unions' incidental powers and allow CUSOs broader powers go...
Asure-fire way to get a heated discussion going at a credit union meeting is to bring up the subject of board term limits. When credit union CEOs mention term limits, it is immediately assumed that they are looking for justification to oust one or more board members who have been...
CUNA Mutual Group, Madison, Wis., has promoted Paul Meier to vice president in information technology, network/voice and Peggy Haack to vice president in information technology, server hardware/software.
Orange County's Credit Union, Santa Ana, Calif. has named Adam Denbo assistant vice president of technology. Meriwest Credit Union, San Jose, Calif., has named David Grandey director of corporate communications.
While six out of 10 respondents own or use a cell phone or PDA, according to the American Banker Gallup 2001 Consumer Survey, only 22% are interested in conducting financial wireless transactions. Although not wildly popular yet, here is a look at what future wireless services respondents would be most...
WASHINGTON-While NAFCU and NASCUS had staked out their claims in the overhead transfer rate debate, CUNA's position, representing both state chartered, federally-insured and federal chartered credit unions, called for more delicate handling. CUNA Associate General Counsel Mary Dunn said, "[The overhead transfer rate issue] is driving a wedge between state...