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SACRAMENTO, Calif. - A bill that would allow state-licensed credit unions here to provide trust services without having to form a credit union service organization received overwhelming support from the California Assembly Banking and Finance Committee with a 51-6 vote. The Assembly passed AB 684, authored by Assemblywoman Christine Kehoe,...

Mike Welch's recent editorial on the advisability of employment agreements for credit union executives is well taken. In today's competitive market for securing top talent an agreement is in the best interests of both parties. It is beneficial for the executive to have employment security and for the institution to...

BIRMINGHAM, Ala. - Tenacity seems to be Alabama State Democratic Representative William Parker's middle name. Parker has vowed to re-introduce his proposal to limit the ATM fees banks charge non-customers to $1 per transaction or 50 cents each for the surcharge and interchange fee, according to the Birmingham News. His...

WASHINGTON-In Saturday sessions, the House and Senate approved the conference report for the administration's $1.3 trillion tax cut bill, pared down from the original $1.6 trillion. The House vote was 240 to 154, with 39 not voting, while the Senate approved the measure 58 to 33. Credit union-backed pension reform...

SOUTH BEND, Indiana - The $2 billion Hughes Aircraft Employees FCU and the $1.1 billion Bank-Fund Staff FCU are converting to Fiserv's MortgageServ mortgage servicing solution. Employees access MortgageServ utilizing a Web browser. The solution features a Web-page feel, with menu bars, links, and multiple-window access. It is delivered in...

Ent Federal Credit Union, Colorado Springs, has named William D. Vogeney chief lending officer, and Barbara J. Winter organizational resources vice president. Patelco Credit Union, San Francisco, has named Sherry Callahan senior vice president of operations. First Entertainment Credit Union, Hollywood, Calif., has named Roy MacKinnon vice president of marketing...

ALEXANDRIA, Va.-Allowing credit union groups to comment on the external review of the overhead transfer rate is the first time the stakeholders have been permitted to take such an action in the agency's history, by Acting NCUA Chairman Dennis Dollar's recollection. CUNA and NAFCU have taken advantage of this opportunity...

MOUNDS VIEW, Minn. - In light of the problems its telecom firm Convergent Communications is having, Liberty announced today that it has formed a telecommunications agreement with MCI-WorldCom in order to ensure its Liberty Cavion CU customers uninterrupted service. Michael J. Provenzano, Liberty's EVP of Internet Applications, said Liberty Cavion...