AUSTIN, Texas - As credit unions in Houston began to assess the damages suffered as a result of torrential rains from Tropical Storm Allison that pummeled the area and counties in southeastern Texas last week, the state regulator said state-chartered credit unions in the area suffered varying degrees of damage,...

WASHINGTON - Federal Deposit Insurance Corporation (FDIC) Chairman Donna Tanoue resigned her position on June 11 via a letter to President George W. Bush. Tanoue's term had expired in October, and Bush announced in April that he intended to nominate Texas banker Donald Powell as the next chairman of the...

HOUSTON - There is a new team forming in the Electronic Funds Transfer network game. PULSE EFT Association and Brown Deer, Wis.-based TYME Corporation have signed a letter of intent to merge. The combined network will create an EFT system that will serve more than 3,300 financial institutions and includes...

WASHINGTON -CUNA lobbyists said they believe the Senate could complete its work on the education reform bill this week, which they hope will retain financial education language adopted last week. "We are hopeful that the youth financial education initiatives that we've been supporting will be part of the Senate bill,...

Mountain America Credit Union, Salt Lake City, Utah, has named Trish Weber Sugarhouse branch manager. Schools Financial Credit Union, Sacramento, Calif., has named, Tim Marriott vice president of consumer lending and Lisa Marchegger vice president of planning and corporate development. Farmers Insurance Group Federal Credit Union, Tigard, Ore. has appointed...

WEST PALM BEACH, Fla. - Gone are the days when a family could be depended on to care for the elderly at home. As life expectancies increase so do prolonged illnesses that may prove to be too much of a financial burden. Long-term care insurance is coming to the forefront...

SAN ANTONIO - The $1.4 billion Randolph-Brooks FCU here received some national media attention recently on ABC's late-night news program Nightline, anchored by Ted Koppel. Nightline focused on U.S.-Mexico relations and in particular the role of Juan Hernandez, Mexico's Secretary of Migrant Affairs and Advisor to Mexico President Vicente Fox....

Seaboard Credit Union, Jacksonville, Fla., has named Delores Dubovsky senior vice president of special services and Virginia Bright business development manager. In addition SCU has promoted Hidi McChesney to marketing manager and Kara Nichols to training director. Georgia Credit Union Affiliates, Duluth, President/CEO Mike Mercer has been elected vice chairman...