Daily News

August 20, 2008
On Site Coverage: Knight Says Be Safe, Not Sorry on Compliance Issues
SEATTLE — When complying with the Bank Secrecy Act and other laws, board members need to be sure that their credit union is being thorough, even if the process is burdensome and may seem excessive.
August 20, 2008
On Site Coverage: Dollar Urges Board Involvement, Just Not Too Much
SEATTLE — Board members need to keep a close eye on the credit unions’ overall direction, but not so much that they interfere with the top executives’ ability to do their jobs, former NCUA ...
August 20, 2008
Olympian Phelps' Aquatic Facility Funded with SBA Loan
BALTIMORE — It may be a huge stretch but who’s to say if Olympic eight-time gold medal winner Michael Phelps would be a swimming icon today if it weren’t for the Small Business Administration?
August 20, 2008
CU Awareness Banner Greeting Dems
DENVER — Delegates and media arriving Monday for the start of the Democratic National Convention will be greeted by a credit union awareness message plastered on a banner atop the new ...
August 20, 2008
SBA Names United SA FCU 'Rising Star'
SAN ANTONIO — UNITED SA Federal Credit Union said it has received the “Rising Star” recognition from the Small Business Administration’s San Antonio district office for its support of ...
August 20, 2008
Keys FCU Uses Emergency E-Mail as Fay Bore Down
HERNDON, Va. – E-mail was part of the emergency plan that Keys Federal Credit Union used to respond to Tropical Storm Fay as it bore down on Key West this weekend.
August 19, 2008
Pentegra Retirement Services Buys Three Plan Subsidiaries
WHITE PLAINS, N.Y. — Pentegra Retirement Services, a provider of retirement products and services and a NAFCU preferred provider, has acquired three subsidiaries from the Retirement System ...
August 19, 2008
Wings Financial Builds on AirTran, JetBlue Alliances
APPLE VALLEY, Minn. — A little over a year since it partnered with JetBlue Airways and four years with AirTran, Wings Financial Federal Credit Union has expanded its presence to the carriers’ ...
August 19, 2008
Pennsylvania Payday Alternative Keeps Growing
HARRISBURG, PA — Credit unions in Pennsylvania have steadily been offering more Keystone State consumers an alternative to payday loans, according to the Pennsylvania Credit Union Association.
August 19, 2008
Mid West Merger Struggling in the Wake of Development Losses
DEARBORN, Mich. — Some members of Michigan's largest credit union are questioning why their CU would want to merge with a smaller CU still recovering from some sharp development losses.
August 19, 2008
Housing Starts Drop in July
WASHINGTON — In yet another indication of the housing industry woes that have triggered part of the economic downturn, housing starts fell 11% in July, the Commerce Department reported today.
August 19, 2008
Producer Prices Rise Slightly
WASHINGTON – Fueled by slower increases in the cost of energy and food, producer prices increased in July at a slightly slower rate, the Labor Department reported today.
August 18, 2008
Forth Worth Community CU Gives Back to Members
BEDFORD, Texas – Fort Worth Community Credit Union is letting members know they’re worth more.
August 18, 2008
FAIRWINDS CU Offers Two Rewards Programs
ORLANDO, Fla. — FAIRWINDS Credit Union is out to prove membership has its rewards with two new programs.
August 18, 2008
Disaster Recovery CUSO Hosts Best Practices Session
HAGERSTOWN, Md. — Ongoing Operations LLC will host a session this fall on the latest regulatory updates and best practices on recovery following a natural or man-made disaster.
August 18, 2008
PSCU Gearing Up For Possible Hurricane
ST PETERSBURG, Fla. — PSCU Financial Services, the payments processing CUSO for more than 500 credit unions and millions of card accounts is paying close attention to tropical storm Fay.
August 18, 2008
'Advocacy Rocks' Turns Up As CUNA Curriculum
FORT WORTH, Texas — Legislative advocacy on everything from the Treasury blueprint to banker attacks became a “hot topic” in the curriculum this summer at the just concluded Southwest CUNA ...
August 18, 2008
NAFCU Urges Dems and Reps to Support Reg Relief
WASHINGTON – Citing the strong work of credit unions in serving the underserved and their record as responsible lenders, NAFCU urged the platform committees of both parties to endorse ...
Article found in Legislation/Politics
August 18, 2008
CDFI Grant Application Process Begins
WASHINGTON –— Credit unions that do community development work can begin applying for grants from the Treasury Department’s Community Development Financial Institutions Fund.
August 18, 2008
SBA Acting Administrator Starts Today
WASHINGTON — Sandy K. Baruah, who was nominated by President Bush to head the Small Business Administration, starts his first day at the agency today.