WASHINGTON - NAFCU unveiled its new policy on credit union-to-bank charter conversions with three policy suggestions which, it said, would introduce transparency and accountability into the process. Speaking at a press conference held in accordance with NAFCU's Congressional Caucus in Washington on September 19, NAFCU President Fred Becker laid out...

ARLINGTON, Va. - No matter what side you may be on in the question over some credit unions exchanging their charters to those of mutual banks it is almost certain that your view of the question will be formed by what, in your mind, constitutes the `good of the credit...

WASHINGTON - The American Association of Credit Union Leagues' Cooperative Business Model Task Force has authored the most comprehensive and closely-researched report on the issues surrounding credit union-to-bank charter conversions to date. The report, which runs to 65 pages without graphics, both seeks to document in detail the differences that...

WASHINGTON - Representative Patrick McHenry (R-N.C.), the freshman author of the Credit Union Charter Choice Act, received polite but reserved treatment from the roughly 500 credit union directors and executives before whom he spoke on September 20 in the nation's capital. The Credit Union Charter Choice Act is a piece...

ST. PETERSBURG, Fla. - Certegy, the card processor for roughly 4,000 credit unions announced on September 15 that it has signed a merger agreement with Fidelity National Information Services (FIS), a majority-owned subsidiary of Fidelity National Financial Inc. "We are very excited to become part of the FNF family," said...

NEW YORK - The National Federation of Community Development Credit Unions is worried about the financial stability of some of its members in the hurricane damaged zone and has not yet made contact with some of them. Ten of the Federation's members are headquartered in the most damaged area and...

ST. PETERSBURG, Fla. - Certegy, the card processor for roughly 4,000 credit unions has announced that it has signed a merger agreement with Fidelity National Information Services (FIS), a majority owned subsidiary of Fidelity National Financial Inc. "We are very excited to become part of the FNF family," said Lee...

ARLINGTON, Va. - Credit unions along the U.S. gulf coast from New Orleans, Louisiana to Mobile, Alabama continued to gradually pull themselves out of the muck and devastation left in Hurricane Katrina's wake last week, even as it became even more clear that some of them may close or merge...