Hunt helped navigate ECCU to expand beyond educational community while still maintaining strong ties. KALAMAZOO, Mich. - A little over a week after Bob Hunt retired as president/CEO of Educational Community Credit Union after 30 years of service, he helped welcome his twelfth grandchild into the world. Hunt, who will...

WASHINGTON - Service revenue or that category of non-interest income is proving to be the saving grace for some credit unions looking to maintain a strong bottom line. Be it through courtesy pay programs, debit interchange, ATMs, shared branching or commercial insurance sales, service revenue can take several forms. According...

WASHINGTON - As President Bush makes the rounds to pitch his plan for an overhaul of the Social Security program, credit unions probably won't be directly impacted. "Unless individual institutions are permitted to offer them, there may not be any significant impact on credit unions," said Gary Kohn, CUNA vice...

RICHMOND, Va. - Nine states have signed legislation that aims to give small business owners a say in the regulatory process and Virginia may be the next. Like the federal Regulatory Flexibility Act (RFA), state Senate bill 1218 would require state agencies to consider their impact on small business before...

BREA, Calif. - Churches and ministry organizations now have another option to turn to in their long-term investment planning. The $1.6 billion Evangelical Christian Credit Union has launched Evangelical Christian Investment Management, LLC (ECIM), a wholly-owned subsidiary that will offer investment policy formation, asset allocation analysis, and portfolio structuring for...

WASHINGTON - The SBA recently requested $593 million for its 2006 budget which would provide $22 billion in loan authority for the agency's flagship lending programs. During a Feb. 7 conference call, SBA Administrator Hector Barreto said the "budget request builds on the success of last year" and "proves that...

2005's Economy May Rely Less on Government Stimulus as Rising Short-Term Interest Rates and No New Tax Cuts Create More Volatility, MEMBERS Capital Advisors Reports MADISON, Wis. - As credit unions continue to feel the pinch of tightening margins and try to sustain healthy returns on assets this year, they...

NORWALK, Conn. - Some key decisions were recently made by the Financial Accounting Standards Board on how loan participations would impact credit unions' books. At issue is FASB's proposal, Statement No. 140, Accounting for Transfers and Servicing of Financial Assets and Extinguishments of Liabilities, which seeks to specify the conditions...