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JEFFERSON CITY, Mo. - Cole County Circuit Court Judge Byron Kinder heard oral arguments January 3 on the ongoing field-of-membership expansion challenge brought by the Missouri Bankers Association against Springfield Telephone Employees CU. STECU asked the Court to dismiss the bankers' appeal of the state Credit Union Commission's decision last...

BATON ROUGE, La. - Craig Uffman said he is leaving Internet lending firm APPRO Systems to launch a research and consulting firm. Uffman was president and COO of APPRO Systems. Credit unions are a key target market for APPRO. Craig's brother, Steve Uffman, remains as APPRO's CEO. Uffman said the...

WASHINGTON-NAFCU officials met last week with Small Business Administration (SBA) Director Hector Barreto to discuss federal credit unions' options for participating in SBA-backed loans. Currently only community-based credit unions are approved to provide SBA loans because there has been some concern by the agency in the past that credit unions...

WASHINGTON-The Federal Reserve Board has named 11 new members to its Consumer Advisory Council, one of whom is a credit union CEO. The Council advises the Fed on the exercise of its responsibilities under the Consumer Credit Protection Act and on other matters in the area of consumer financial services....

NEW YORK - It's not very newsworthy when a credit union has over 1,200 Net bank users, but it is if that many members sign up in a span of about two months. That's just what happened in New York at Actors FCU. The CU launched Net banking (www.actorsfcu.com) in...

WASHINGTON - CUNA has alerted leagues - and asked them to pass on the advisory to their affiliated credit unions - that Gold Bank, Missouri which filed a lawsuit against CUNA last year in an effort to stop the credit union branding campaign, has attempted to get credit unions to...

SPRINGFIELD, Va.-In a recent speech, NCUA Chairman Dennis Dollar ran through a `to do' list for the agency in 2002. His goals for NCUA included: Continuing to strive for greater efficiency at the agency; Increasing emphasis on openness and accountability in the agency's budget and continuing the annual...

WASHINGTON - NCUA's proposed changes to Part 704, the corporate CU reg, include so many positive things, say corporate CU leaders, but unfortunately all those positives are overshadowed by one major negative - the 2% RUDE (Reserves, Undivided Earnings) requirement. Gigi Hyland, executive director of the Association of Corporate CUs,...