WASHINGTON-While many banking regulators and lawmakers have applauded most of the proposals from the Federal Deposit Insurance Corporation (FDIC) for its revamping, most have taken a position against doubling the deposit insurance coverage. With such opposition to this aspect, that provision of the reform process is expected to be dropped....
GDANSK, Poland - Two Polish credit unions have responded to help members whose lives have been torn apart by recent flooding. Over 600 people were recently made homeless and five people died when torrential rains caused two rivers in Radunia and Strzy and a number of local streams to overflow....
WASHINGTON-A recently-released survey by the Securities Industry Association (SIA) determined that most Americans actually took the time to read the privacy policies from their financial institutions, understood the language, and were satisfied with the policy. Nearly three-quarters (73%) approved of the "opt-out" policy required of financial institutions under the Gramm-Leach-Bliley...
Community First Credit Union, Appleton, Wis., has named Joyce Bayer, vice president of branch operations; Carol Steinberg, Lakeport branch manager; Todd Miller senior business lending officer; and Anne Cutts, mortgage loan originator. In addition, CFCU has promoted Jeff Schweitzer to vice president of facilities/purchasing and Kevin Hartz to assistant vice...
SALT LAKE CITY - Arrogant. Goldenwest President/CEO Shelley Clarke needed only one word to describe her impression of the attitude conveyed by Howard Headlee, president, Utah Bankers Association in his remark quoted in an article that ran in the Aug. 12 edition of the Salt Lake Tribune on women holding...
ALEXANDRIA, Va. - NCUA's mid-year stats show CUs are being inundated with deposits, while lending has slowed considerably - and oh by the way, credit unions are nearing the $500 billion asset milestone. With deposits jumping by 9.7% in the first half of 2001, and loans inching along at just...
KANSAS CITY, Mo. - Robert Givens has been named to succeed Nancy Pierce as CEO of Mazuma Credit Union. After 25 years of service to the credit union industry, 13 of which were spent as president of the $213 million credit union, Pierce plans to retire in September to complete...
STAMFORD, Ct. - Stamford Municipal Employees FCU was approved by the state Department of Banking to convert to a state charter. The credit union will be known as Stamford Credit Union. It is the first federal-to-state charter conversion to be approved by the Department of Banking since the former Sikorsky...
Heritage Community Credit Union, Sacramento, Calif., has raised $1,608 for Families United, a non-profit foster family agency that recruits and trains foster parents to care for children whose families can no longer do so. Families United also provides counseling services for the children and their foster families. To raise the...
NEWPORT BEACH, Calif. - NACUSO President Bob Dorsa prefers to look at the glass half full when it comes to federal credit unions' expanded incidental powers. When he reflects on the NCUA Board's unanimous decision at its July 26 meeting to allow federal credit unions to apply for and add...