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FDIC Chairman Donna Tanoue has resigned. Tanoue is best known of late for her work to reform deposit insurance. See full story on page 2.

HERNDON, Va. - NACHA has approved an E-Sign provision for its operating rules governing the ACH network. Under the new rule, e signatures that comply with the Electronic Signatures in Global and National Commerce Act will comply with NACHA's requirements for "similarly authenticating" a consumer ACH debit authorization. Currently, NACHA...

Wright-Patt Credit Union, Fairborn, Ohio, has named Tim Mislansky general manager of the Wright-Patt Financial Group; Joy Lisle personal financial advisor; and Richard O. Lung personal financial advisor. Commonwealth Credit Union, Sun Prairie, Wis., has named Andy Faust president/CEO. John Deere Community Credit Union, Waterloo, Iowa, has promoted Tina Hogan...

ONTARIO, Calif. - CO-OP Network, the largest electronic funds transfer network in the credit union industry, can now include Texas-based EDS Employees Federal Credit Union, First Community Credit Union and Indiana-based Ball State Federal Credit Union as the latest members of its network family. The Plano, Austin and Dallas credit...

Credit Union Times ran an excellent profile of U-Lane-O Credit Union CEO Gordon Hoerauf in the May 30 issue under the headline, "Gordon Hoerauf: CUs are a movement, not an industry." After reading this profile feature, I increased my appreciation of Hoerauf's many contributions to credit unions. His remarks also...

LENEXA, Kansas - U.S. Central Credit Union has officially broken ground for its new headquarters here. The building is expected to be 128,000 square feet. U.S. Central will occupy 75,000 square feet and lease out the remaining space. U.S. Central purchased 13 acres in the Renner Ridge Corporate Center in...

JACKSONVILLE, N.C. - Two employees and one member of the supervisory committee of the $288 million Marine FCU here died on June 6 in a plane crash. Supervisory Committee member Gregory Russell, 51, was piloting the plane when it crashed. On board were Floyd Lewis, 49, CFO, and Devonnya Greenfield-Burks,...

Anyone involved with credit unions knows how the entire banking industry feels about credit unions, right? Not necessarily. The very largest banks, for example, could care less about credit unions. Credit unions as an industry and individually are small potatoes and are not worth bothering with, at least in the...