"I don't think this is something that's going to drag us into a recession. I think we're going to come out of this OK." - NAFCU economist Jeff Taylor on the effects the attacks may have on the U.S. economy. "We've been through the bombing of the World Trade Center...

NEW YORK - That's how National Federation of Community Development's Executive Director Cliff Rosenthal described the scene outside the windows of the federation's offices on Wall Street, located less than a mile - about a 10-minute walk - from the World Trade Center. Rosenthal had arrived in his office a...

ALBANY, N.Y. - Acting as clearinghouses for the nation's credit unions, corporate credit unions were on high alert on the day of the attacks for any shutdowns of the Federal Reserve Banks or the Fedline system that might cause delays in processing wires, funds transfers, item processing, ACH and other...

BATON ROUGE, La. - A reduction of Internet lending firm Appro Systems' field sales staff by 50% is not the prelude of a company collapse, said Appro President/COO Craig Uffman, but more of a strategic decision about which financials the firm wants to target. Having seen firms such as CUShopper...

AUSTIN, FARMERS BRANCH, Texas - Texas parents who are delinquent in paying child support should be prepared. Texas is on the move, often seizing the accounts of deadbeat parents with the help of Texas credit unions. A Texas mandate requires all Texas financial institutions to participate in the Financial Institution...

ARLINGTON, Va. - NASCUS and Boeing Employees' Credit Union have chosen different tactics to address the issue of federally insured state-chartered credit unions' growing frustration with the overhead transfer rate. Despite their different strategies, NASCUS President/CEO Doug Duerr said, "Boeing Employees' Credit Union's decision to petition the NCUA to introduce...

ARLINGTON, Va. - In the wake of the World Trade Center and Pentagon tragedies, the NASCUS Board decided to postpone its annual conference until December . The conference has been rescheduled for Dec. 14-18. It was supposed to take place Sept. 13-18. NASCUS President/CEO Doug Duerr said the annual conference...

LANSING, Mich. - The state Office of Finance and Insurance Services has approved the merger of three Grand Rapids credit unions into Grand Rapids Teachers CU, which has been managing the three CUs under a contractual arrangement for several years. Involved in the merger are Alliance CU, $38 million in...