While our nation's policy-makers continue to wrestle over elements of the long overdue bankruptcy reform legislation, millions of consumers across the country are facing the daunting prospect of how to manage mounting personal debt. Consumers looking to avoid bankruptcy and regain financial stability are taking matters into their own hands...
BURBANK, Calif. - Vista FCU knows how to appeal to its members' auto buying fantasies. Buying a Lamborghini, Viper or Rolls Royce may be beyond most credit union members' dreams, but Vista FCU decided to tickle its members' mid-life crisis nerve to market its low 5.99% APR auto loan rates....
SCOTTSDALE, Ariz. - Representatives from automotive credit unions throughout the country will be in-town Sept. 13-15 for the Combined Council of Automotive Credit Unions' 20th Annual Meeting. The three-day event will be held at the Doubletree Paradise Valley Resort. Among those expected to speak at the conference are NAFCU President...
WASHINGTON - NCUA recently issued two Letters to Credit Unions dealing with securing transactions in cyber space. In a letter focused on authentication in electronic banking, NCUA advised CUs to review authentication guidance recently issued by the Federal Financial Institutions Examination Council (CU Times, August 22). "Member interaction with credit...
WASHINGTON - CUNA is in the process of establishing a nine-member Small Business Task Force charged with strengthening credit unions' relationships with their SEGs by putting together "a package of services which will benefit small business," said CUNA Chairman David Maus. The package would include loans, employee benefit services, automation...
Mon-Oc Federal Credit Union, Toms River, N.J., has named Margaret Arling Neptune branch manager. Federal Reserve Bank of Philadelphia, has appointed the following officers to its credit union advisory council: Freedom CU President/CEO Lee T. MacMinn, chairman; American Pioneer FCU CEO James F. McCaw, director; Diamond State FCU President Paula...
WASHINGTON - Credit unions may not qualify as independent financial counselors for mandatory credit counseling under bankruptcy reform said CUNA in a letter to the Office for U.S. Trustees. Pending bankruptcy reform legislation would require credit counseling of debtors before filing for bankruptcy. Because of their vested interest in seeing...
Lockheed Federal Credit Union, Burbank, Calif., has named Phil Hart executive vice president/chief financial officer. Safe 1 Credit Union, Bakersfield, Calif., has appointed Pat Laski board director. Denver Postal Credit Union, Arvada, Colo., has named Sundie Seefried-Charpentier president/CEO. MaPS Credit Union, Salem, Ore., has named Kenneth M. Becker controller and...
PORTLAND, Ore. - Northwest Corporate Credit Union hit an all-time asset high of $1.281 billion as of August 31, 2001. This is the highest asset tally in the corporate's 23-year history, and is an increase of more than $100 million over total assets at June 30, 2001. "These record levels...
PLANO, Texas and LOS GATOS, Calif. - EDS announced recently that it will offer its clients streaming technology solutions from Streaming21, which empowers users to transmit and play digital video and audio over Internet and broadband networks without having to wait until a file is downloaded. Some CUs are currently...