HONOLULU - Word of Life Federal Credit Union has recently received its charter, making it the only faith-based credit union in the state of Hawaii. Word of Life FCU received its charter during a ceremonial presentation at Word of Life Christian Center's worship service. Following the worship service a ribbon-cutting...

USA Federal Credit Union, Troy, Mich., has named Greg Lanigan vice president of information systems. Heritage Credit Union, Rockford, Ill., has named Tom Madden Waukegan branch manager. Royal Credit Union, Eau Claire, Wis., has named Monte Lokken loan officer.

Riverside County's Credit Union, Calif., has named Gerry Agnes senior vice president. Redwood Credit Union, Santa Rosa, Calif., has named Christine Bowers and Clark Matthiessen financial advisors of its subsidiary RCU Services Group.

Security Service Federal Credit Union, San Antonio, Texas, has promoted Howard N. Baker II to senior vice president/chief of staff.

The IRS is seeking help from credit unions, and credit unions are obliging as they are reaping ancillary benefits. See story page 4.

From the effects of the Enron debacle on CUs to the impact of new IRA rules, there's a lot happening in the world of investments. Read about it on pages 16-19.

NCUA Chairman Dennis Dollar and NASCUS Vice President, Government Relations Mary Martha Fortney had a chance to discuss the NCUA Board's approval of Wisconsin's MBL rule after the agency's board meeting Feb. 7. Among its provisions, the rule lowers the equity interest a borrower needs to have to participate in...

WASHINGTON - If you're not careful, analyzing statistics can be downright boring. But in the case of recent credit union statistics, they tell a very interesting story of a more resilient credit union industry. CUNA's year-end statistics show assets up 14.5%, loans up 6.8%, member growth up 2.8%, and shares...