FARMERS BRANCH, Texas - Credit unions that have found it difficult to make member business loans because of NCUA 12.25%-of-assets restrictions and MBL expertise requirements will find the going easier thanks to a new program available through Texas Credit Union League (TCUL). The Commercial Credit Partner Program (CCP), made possible...
MIDDLETOWN, Pa. - Mid-Atlantic Corporate FCU here has donated $6,000 to the Pennsylvania and National Credit Union Foundations. Mid-Atlantic donated the money to the state foundation, which funnels a portion of it to the NCUF. The corporate raised the money during its 7th Annual Charity Golf Tournament held June 15....
Callahan & Associates has recently found that overall, credit unions have experienced their quickest share growth in more than a decade. The exclusive billion-dollar club has gained a surprising nine new members coming from eight different states across the country, indicating that the strong "top growth" is a national, not...
NEW HAVEN, Conn. - St. Raphael Healthcare CU, the tenth largest state-chartered credit union in Connecticut as of Dec. 31, 2000, was approved by the Office of the Banking Commissioner to amend its bylaws and expand its field of membership to consist of all persons who live or work in...
LITTLE FALLS, N.J. - BISYS has acquired the Toner Organization, an Exton, Pennsylvania-based insurance brokerage firm that markets to credit unions. "This acquisition immediately expands our market presence and potential in the Mid-Atlantic region," said BISYS Chairman/CEO Lynn Mangum. As of March 31, 2001, revenues generated by BISYS Insurance and...
PHILADELPHIA - Talk about a perfect match. Fleet Credit Card Services, a subsidiary of FleetBoston Financial, and Compaq Computer Corporation will offer Fleet's newest Fusion smart Visa credit card with Compaq's latest Presario 5000 and 7000 Series desktop PCs featuring an innovative Smart Credit Card Internet Keyboard. Fleet's new, red...
FARMERS BRANCH, Texas - The Texas Credit Union League (TCUL) Lending Services has teamed with Centrix Financial to offer an auto lending program to credit-impaired members with minimal risk. The Centrix Financial Portfolio Management Program is a turnkey system that features all of the operating procedures for underwriting, servicing, collection...
SALT LAKE CITY- Credit union data processor CUSA Technologies said it plans to host its Annual Users Conference in New Orleans, Louisiana, September 12 to 15, 2001, at the Hyatt Regency New Orleans. More than 200 CUSA Technologies credit union clients are expected to attend to hear about issues related...
WASHINGTON-Assistant to President George W. Bush on Economic Policy Larry Lindsey wrote CUNA President and CEO Dan Mica thanking CUNA for a letter about the credit union movement in the U.S. and letting him know that the administration is very interested in credit unions' work in cross-border issues. "The President...
WASHINGTON-Ellen Seidman announced her resignation from the Director of the Office of Thrift Supervision (OTS) last week, effective upon the confirmation and appointment of her replacement. "The agency, weak when I was appointed in October 1997 because of a five-year lack of a confirmed Director and constant concern over its...