WASHINGTON -Federal Reserve Chairman Alan Greenspan's personal financial holdings were valued between $3.1 million and $9.6 million at the end of last year, according to a federal financial disclosure report released Aug. 7. The Fed chairman also held between $650,000 and $1.5 million worth of Treasury bills in direct deposit...
WELLINGTON, New Zealand - When Police and Families Credit Union (PFCU) launched its online banking service called AccessOnline this month, 260 members used it in the first day. The response continues to grow. The new service allows members to check accounts, transfer funds between their accounts and family members' accounts,...
"Consumers, which all the consumer groups say, need to shop around." -NAFCU Communications Manager John Zimmerman regarding comparisons between bank and credit union fees. "NCUA should not be deciding whether a credit union should authorize a board member to bring a grandson rather than a spouse." -Acting NCUA Chairman Dennis...
WASHINGTON-The Federal Reserve Board has announced that it is lifting the Oct. 1, 2001 compliance date for interim rules governing the electronic delivery of particular consumer disclosures. In March the board requested comment on the electronic delivery of federally mandated disclosures in several interim rules including: Regulation B (Equal Credit...
NEW YORK - The National Federation of Community Development Credit Unions plans to hold its fourth National Faith-Based Credit Union Conference in Birmingham, Ala., Nov. 9-11. The conference will be targeted not only at community development credit unions, but also at the broader group of faith-based CUs. Faith-based CUs represent...
HARRISBURG, Pa. - The $1.6 billion Pennsylvania State Employees CU, which offers its members a myriad of online services, has joined the TRUSTe privacy program. PSECU will display the TRUSTe seal on its Web site (www.psecu.com). Members who click on the seal will be linked to PSECU's privacy statement, which...
DULUTH, Ga. - At a special meeting August 6, the board of Georgia Central CU voted to authorize the signing of a merger agreement between Georgia Central and Southwest Corporate. The board of Southwest Corporate did the same on August 1. Now the deal awaits regulatory approval and approval from...
Members 1st Federal Credit Union, Mechanicsburg, Pa., has raised $14,300 during its annual golf tournament for the Allied Arts Fund, a united fund for local arts and culture. The AAF serves 45 arts and cultural organizations for the residents of central Pennsylvania. Members 1st FCU has $630 million in assets...
NEW YORK - The United Nations Federal Credit Union is the latest to jump on board the branding train. "With branches overseas and here, we quickly recognized the need to consolidate into one brand that would create a unified experience for members," said UNFCU Vice President of Marketing Debra Innocent....
SANTA BARBARA, Calif. - Go head-to-head with a neighboring credit union for many of the same members, or merge with that CU since it has the latest electronic and digital services in place and thereby avoid the expense and labor of reinventing those services yourself. That was the dilemma facing...