News

WEST PALM BEACH, Fla. - There's a buzz among corporate credit unions about the prospect of stepping up to help member credit unions serve business accounts. Kathy Garner, president/CEO of Northwest Corporate CU, Portland, Ore., said over the past two months the corporate has been looking at ways of helping...

DALLAS - An asset surge of $1.5 billion in the last 12 months has helped EasCorp's investment advisory CUSO become one of the largest such firms in the nation. ALM First Financial Advisors, LLC, located in Dallas, now has $4 billion under management. Its assets jumped from $3.155 billion as...

Credit unions involved with member business lending agree it requires a full-time commitment and staff with business lending expertise. Read about the advice some of them offer and other MBL news on pages 16-18.

MONTEREY, Calif. - Credit unions that offer products and services to serve business members will help grow their financial institutions, but they also should be aware of some of the issues they will be facing, says the president of Arrowhead Credit Union's Business Banking Group. "Your members are going to...

BATON ROUGE, La. - The Uffman Group, L.L.C. , a research and consulting firm, has launched a Web-based seminar to help credit union executives design business lending strategies, define credit profiles, and evaluate workflow and automation issues. The first seminar of the series, "Business Lending: A New Paradigm for the...

WASHINGTON - What are federal legislators' track record on voting for legislation that impacts small businesses? The Small Business Survival Committee, a non-partisan, non-profit small business advocacy group, released its annual scorecard that rated how members of Congress voted in 2001 on 12 key small business issues and ranked the...

ARLINGTON, Va. - NAFCU's John Zimmerman remembers the headline in the Jan. 27, 2001 issue of American Banker clearly: "Credit unions no threat to banks, thrifts." The article concerned the findings of the Treasury Department's report, "CU Membership Business Lending" which found among other things, that credit unions are "not...

ARLINGTON, Va. - Reg-relief legislation may not have a chance of making it through Congress this year, but NAFCU is ready to be patient for the time when federally insured CUs will see some relief from the 12.25% of assets cap on member business loans "Member business lending reg relief...