WASHINGTON-In a few swift maneuvers last week, the Senate passed the bankruptcy abuse reform bill by a margin of 82 to 16 and named conferees, clearing the way for the House to appoint its conferees. The bill passed the Senate more quickly than credit union lobbyists had anticipated. Senator Paul...

ORLANDO, Fla.-According to Rutledge Capital, LLC President and CEO Dr. John Rutledge, credit unions need to do more business lending now. "It's all stories of no cash, no working capital right now," he said. In order for the economy to pick up, some additional business lending will be necessary. Rutledge...

ORLANDO, Fla.-With the number of consumers using the Internet increasing daily, credit unions cannot afford not to be online. According to CyberBranch President and CEO Warren Marshall, not only is that where consumers are going more and more for business needs, but it is also a great strategy for targeting...

WASHINGTON-Federal Reserve Board Chairman Alan Greenspan told the House Financial Services Committee last week that between the agency's rate cuts and the administration's tax cut, the American economy should be reversing its downward course in due time. "Our accelerated action reflected the pronounced downshift in economic activity, which was accentuated...

ALEXANDRIA, Va.-NCUA Acting Chairman Dennis Dollar said that the agency was planning on cutting its budget by more than $2 million at the upcoming July board meeting. Dollar said that all three NCUA Board members have been briefed on the $2,183,000, or 1.55%, budget cut. The reduction brings the entire...

ORLANDO, Fla.-NAFCU President and CEO Fred Becker took the time during NAFCU's Annual Conference & Exhibition to commend federal credit unions for their growth. He told the 1,600 attendees of the conference that federal credit union membership was climbing and that one in four Americans belongs to a credit union....

ORLANDO, Fla.-NCUA Acting Chairman Dennis Dollar announced at NAFCU's Annual Conference & Exhibition that soon after he took the helm of the credit union regulatory agency, he directed senior staff to review NCUA's management and organizational structure for opportunities to streamline and improve operations and thereby increase agency accountability, budgetary...

ORLANDO, Fla.-CorePROFIT Solutions President and CEO Joseph Prunty warned credit unions during NAFCU's Annual Conference & Exhibition that if they do not segment their members by their needs and profitability, someone else will. According to Prunty, the most important information to come from member segmentation is that the institution "begins...