WASHINGTON - At first glance at Callahan & Associates' June report, credit unions' auto loan portfolios are in fine shape. After all, they account for 40.1% of CUs' loan portfolios. As impressive as that number is, there's still considerable room for improvement when it comes to CUs' auto loan penetration...

WASHINGTON-The Treasury Department will consider reducing the burden associated with its proposed guidance requiring financial institutions to report deposit interest paid to all nonresident alien individuals. Currently, this only needs to be completed for those claiming to be Canadian. CUNA Associate General Counsel Mary Dunn represented credit unions at a...

MADISON, Wis. - If you cover the world as the World Council of Credit Unions (WOCCU) does, then it makes good sense to have representation from around the world. In the past, the WOCCU Board was heavily weighted by U.S. membership, although there were other countries on the board. That...

WEST PALM BEACH, Fla. - Credit Union Times announces the newest addition to the newspaper's growing list of correspondents - Jay Miller, Midwest correspondent. Miller has been a news reporter and freelance writer, specializing in business, business history and healthcare finance since 1982. As a staff reporter for Crain's Cleveland...

I wholeheartedly agree with Richard Johnson, president/CEO of WesCorp, regarding his letter in the June 6 issue of Credit Union Times in which he questions why so many credit unions invest outside our own corporates. Volunteer Corporate CU (our corporate here in the beautiful state of Tennessee), is run by,...

In reading your June 6 article on "Will handheld banking grow beyond niche into mainstream use?" I found, as I hope many did, a balanced article containing arguments from both sides of the question. However, I was surprised and somewhat disappointed as to the source of the negative remarks, as...

WASHINGTON-Logistics Management Inc. (LMI) concluded that NCUA employs a "consistent and well-documented" budget process in making staffing and resource choices, according to CUNA, which funded the study. LMI did criticize the agency's lack of external oversight of the budget and added that the budget presentation format could be revamped to...

ALBANY, N.Y. - Legislation that would enact a revised Article 9 of the Uniform Commercial Code (UCC) and bring New York State up to par with other states is among the bills waiting Gov. George Pataki's signature. The revised UCC Article 9 creates a new statewide system for filing of...