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WEST PALM BEACH, Fla. - Corporate credit unions throughout the country - large and small - are reporting that their credit union members are now starting to move money out of overnight accounts and into longer-term corporate investments. With the inverted yield curve present for most of 2001, short-term rates...

As the story on page 1 shows, CU mergers have been plentiful in recent years. Often times when mixed mergers occur (mergers between federal- and state-chartered credit unions), the surviving credit union chooses to maintain the state-charter. Here is a look at the breakdown of state and federal surviving charters...

St. Anne's Credit Union, Fall River, Mass., has appointed the following employees: Monique Grace, vice president of lending; Richard Beaulieu, vice president of branch administration; Robert Dumas, vice president of MIS; Janice Barrette, senior loan administrator/secondary market officer; John Mitchell, director of human resources; Darlene Sampson, Somerset branch manager; Deborah...

FAIRFAX, Va. - Credit union data processor FedComp, Inc. here has launched, The Next Generation, its new Windows-based data processing solution. Pre-release sales launch started on June 1, 2001, and special pre-release pricing will be available for credit unions which sign up for the solution between now and September 1,...

KILLARNEY, Ireland - "God must love ordinary people, he made so many of them," Mary McAleese, president of Ireland told the assembled delegates at the World Council of Credit Unions' Conference after greeting the group in both Gaelic and English. McAleese quickly made the audience feel she, too, is an...

HELENA, Mont. - Herbert Walberg didn't plan on working in the credit union industry, but he wound up spending almost 30 years of his professional career in service to Montana credit unions. He also didn't expect to be involved in any professional credit union activities on a national level, but...

OKLAHOMA CITY - WEOKIE Credit Union and Tulsa Federal Employees Credit Union have become the latest state-chartered credit unions in Oklahoma to be approved to convert to a community charter under the state's recently approved community charter rules. The State Credit Union Board at their June 5 meeting, unanimously approved...

ALEXANDRIA, Va. - Pentagon Federal Credit Union's assets just seem to keep on growing. Founded in 1935, PFCU has recently reached the $4 billion milestone. Pentagon Federal CU serves more than 432,000 members worldwide.