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Island Federal Credit Union, Hauppauge, N.Y., has awarded $1,000 scholarships to 10 students entering their first year of college. The scholarship recipients are all children or grandchildren of IFCU members. Chartway Federal Credit Union, Virginia Beach, Va., has awarded four $1,500 scholarships to Toskhan Cooper-Shelton; Alexander Comiskey; Eugene Reyes; and...

TORONTO, Ontario, Canada - Members of the Taiwanese Canadian Toronto Credit Union will have ATM service their way - in Chinese. TCU is the first financial institution to use the Dynamic Branding multilingual capabilities of the new AutoBranch Technologies, Inc. network, which delivers financial services on ATMs in the institution's...

WASHINGTON-The American Bankers Association (ABA) has submitted the last of its briefs prior to oral arguments in their lawsuit against the NCUA and others scheduled for September 5. NAFCU Senior Vice President and General Counsel Bill Donovan remarked of the brief that it simply "rehashes stale arguments" and remained confident...

-Understand and monitor members' behavior-based profitability; -Develop a comprehensive member database, possibly including the number of children and their ages, recent car purchases, etc.; -Integrate risk and credit facilities; and -Ask what members want now and what will they want in the future.

WASHINGTON - The Mortgage Bankers Association has urged the Senate to approve legislation that will restart the Federal Housing Administration's multifamily mortgage insurance program. According to the MBA, the program would encourage the development of more that 50,000 rental units in 33 states and the District of Columbia. The Senate...

MADISON, Wis. - In terms of salary growth, 2001 proved to be a very good year for credit union executives. This year is slightly off from 2000, but not by much. According to the 2001 CUES Executive Compensation Survey, the base salary of credit union CEOs increased by about 8.05%...

WASHINGTON-Four of the nine open seats on the 24-person CUNA board are contested seats. The remaining five candidates running are uncontested. For District 1, which includes New England, Puerto Rico, and the Virgin Islands, there is a contested seat representing credit unions under 10,000 members. Thomas J. O'Neil, president and...

WASHINGTON-The American Bankers Association (ABA) sent a letter to each member of the Senate and House of Representatives slamming CUNA's Renaissance Commission report and subsequent letter to the Hill. According to the bankers, the Commission's report flies in the face of congressional intent and the ABA renewed its call for...