Staff Writer

MADISON, Wis. - CUNA Mutual Group will begin sending out revamped retirement account statements this month to some 60,000 CU employees, or about 35% of full-time staffers in the nation's CUs. Most of the 60,000 retirement account holders are participants of 401(k) plans, with others participants in money purchase and...

WEST PALM BEACH, Fla. - The past 18 months have been quite a roller-coaster ride for CU balance sheets. The story in 2000 was loan growth. Loans were up 11%, or about $30 billion, while shares increased just 6.3%, or $22.3 billion. This year the scenario is reversed. NCUA's 2001...

JULY JULY 8-19 CUNA & Affiliates CUNA Management School, Sellery Hall, Madison, Wis. For info: Deb Verdecchia, 800-356-9655, ext. 4249. JULY 9-12 Montana CU Network's Mountain Regional Credit Union Roundtable, Idaho Falls, Idaho. For info: Patricia Garvin, 406-442-9081. JULY 11-14 NAFCU's 34th Annual Conference & Exhibition, Orlando Marriott World Center,...

WEST PALM BEACH, Fla. - The past 18 months have been quite a roller-coaster ride for CU balance sheets. The story in 2000 was loan growth. Loans were up 11%, or about $30 billion, while shares increased just 6.3%, or $22.3 billion. This year the scenario is reversed. NCUA's 2001...

Only a handful of credit unions are involved with member business lending, but for those that make MBLs, and for their members, it's an opportunity to receive funding from loans they wouldn't be able to receive elsewhere. Read about how some CUs are participating in MBLs and other mortgage news...

SACRAMENTO, Calif. - Once again, members of the California state legislature killed a bill that would have imposed stricter privacy protection requirements on financial institutions than the Gramm-Leach-Bliley Act. The bill would have prohibited financials from sharing consumers' information with affiliates or third parties unless the consumer "opted in" by...

ALBANY, N.Y. - Empire Corporate FCU has reached a couple of major milestones. It hit the $4 billion mark on May 31, 2001, and it also eclipsed the one million mark for processing individual member share drafts. Empire serves approximately 1,000 credit unions primarily in the Northeast.

SAN JOSE, Calif. - The $800 million Technology CU here has opened a new cashless ebranch. The ebranch is a physical facility loaded with electronic tools to help members conduct business virtually. Members can apply for loans, IRAs, and other CU products and services using electronic means. Any cash transactions...