Great article in the May 30 issue of Credit Union Times, "Retained servicing not just for large credit unions anymore." A mortgage is more than a financial instrument - it is a member relationship. Credit unions should not sell servicing unless the buyer is willing and able to service the...

LOS ANGELES - Smart card supplier Oberthur Card Systems and Litton PRC, a smart card integration firm, have been awarded a contract to supply an additional 600,000 Common Access ID chip cards to the Department of Defense (DoD), bringing the total to 700,000 cards for the past year. The chips...

HONG KONG - The Asian Credit Union Forum 2001 will be held September 21-22 in Hong Kong. The two-day conference is sponsored by the Association of Asian Credit Unions (ACCU) and hosted by the Credit Union League of Hong Kong. The theme of this year's conference is the "Power of...

WALLINGFORD, Conn. - The corporate CU network as it's known has become more competitive in recent years according to many of its leaders, but cooperation is still alive and well - Constitution State Corporate CU is showing that. The $1 billion Constitution State Corporate CU formed SmartSource Solutions, a CUSO,...

CARSON CITY, Nev. - Gov. Kenny Guinn signed into law a bill supported by the Nevada Credit Union League that gives the commissioner of the Financial Institutions Division "wildcard" authority to grant state-chartered credit unions parity in their powers with federal credit unions. S.B. 330 was introduced by state Sen....

RALEIGH, .C. - Most people would like to drive a new, expensive car, but sometimes an expensive price tag isn't necessary or possible. For people like a new high school graduate, a college graduate and a new employee just starting out, all that's needed is a car to get them...

WASHINGTON-NCUA told UCF Federal Credit Union CEO Michael Murray that his credit union could perform mortgage servicing as a charitable contribution for an area chapter of Habitat for Humanity, as long as they stay within the parameters of the charitable giving regulation. However, because Murray is going to serve on...

DENVER - After a public hearing on Jan. 19, the Colorado State Financial Services Board adopted rules that amend five rules currently in effect concerning small groups, fixed assets, appraisals, director's policies, and reserves. The changes and deletion of language were meant to clarify the intent of the rules, make...