Virginia Credit Union League Tidewater Chapter, has held a Legislative Night to honor legislators and educate candidates about credit unions. Held at the Nauticus Pavilion in Norfolk, legislators from all over the Tidewater area were in attendance and several gave rousting speeches about why they work on behalf of credit...
Michelle Samaad's August 22 article "Do credit unions stand poised to embrace socially responsible investing?" quotes me as saying members of Vermont Development Credit Union "invest $6 million in money market accounts, individual retirement accounts, and certificates of deposit with a heavy emphasis on socially responsible firms." I look forward...
I enjoyed Paul Gentile's article on Tropical Financial CU and their progress with meeting members' investment needs (CU Times, August 22). Providing members investment products and investment management services will be very important in the future. In a few years the Baby Boomers will retire with 401k balances that will...
WASHINGTON-The Independent Community Bankers of America (ICBA) quickly denounced the news that TD Bank Financial Group and Wal-Mart will work together to provide financial services inside the Wal-Mart stores. ICBA President and CEO Ken Guenther stated that the agreement "flies in the face of congressional determination that banking and commerce...
ALBANY, N.Y. - The New York CU Foundation has established a fund to help victims of the terrorist attacks on the World Trade Center. According to NYCUF Executive Director Frank Kerbein the fund will provide "whatever financial and emotional support we can for those credit unions including their staff and...
NEW YORK - Despite overworked phone lines following the tragic events here and in Washington, D.C. many of the networks were still operational. Officials at VISA and MasterCard, which handle much of the nation's credit and debit card traffic, report that the telecommunications congestion did not disrupt ATM or credit...
North Carolina Credit Union Network, Greensboro, has recognized the efforts of four individuals in the credit union movement. The 2001 Mark of Excellence Award was presented to Members Credit Union Board Chairman John Loftin and United Services Credit Union President/CEO Marsha Honeycutt. The award recognizes those individuals who have a...
HIGHTSTOWN, N.J. - With the attacks on the World Trade Center leaving countless individuals stranded in Manhattan with many of them injured, the New Jersey Credit Union Affiliates and Westwood, N.J. -based Paragon FCU are offering a helping hand. Assistance to credit unions, members and citizens of both New York...
MAYNARD, Mass. - Large credit unions do care about helping out smaller CUs, says Tom Ryan, senior VP/COO of the $1.4 billion Digital FCU here. "Sometimes I think there's a divide between large and small credit unions. This is an opportunity for us to give back. Quite honestly the biggest...
NEW YORK - The terrorist attacks on the World Trade Center and the Pentagon have undoubtedly shaken Americans' feeling of security, but what has it done to their economic confidence? Economists have been pointing to strong consumer spending for keeping the shaky U.S. economy afloat, but this attack may have...