MANCHESTER and LONDON, U.K. -When members of Camberwell Community Credit Union found themselves without a credit union, the Southwark Credit Union stepped in. Starting this month, Southwark took over Camberwell's operation and is fully servicing the members' existing accounts. Members lost no money in the transfer. The transfer was a...
WASHINGTON - At the Association of Corporate CU's recent quarterly meeting with NCUA, the ACCU voiced its concern over the minimum 2% reserves and undivided earnings ratio in the corporate reg proposal. "I guess the main concern corporates have expressed, without really crunching all the numbers, has been the minimum...
PORTLAND, Ore. - Northwest Corporate Credit Union is now offering access to share draft images to credit unions via the Internet through its new NW QuickCheck solution. Northwest Corporate is processing over eight million share drafts a month for 81 credit unions in Oregon, Washington, and Idaho. As always when...
ALBANY, N.Y. - Empire Corporate held its third annual Financial Strategies Conference on September 19-21, at The Foxwoods Resort Casino in Mashantucket, Conn. Several speakers explored credit union portfolio strategies, discussed financial and marketing tactics, and addressed important economic trends and forecasts. Over 110 attendees, representing over 70 member credit...
OVERLAND PARK, Kansas - U.S. Central Credit Union is so proud of the long hours and effort its staff members put in following the terrorist attacks, its board passed a resolution (shown here) honoring them. "The U.S. Central Board of Directors is grateful, and we compliment the staff for the...
ARVADA, Colo. - The $1.9 billion SunCorp Corporate CU is going to take another look at its innovative plan to allow Rocky Mountain Corporate to keep using the Rocky Mountain name post-merger. When SunCorp announced that it would be merging with Rocky Mountain in late January, one of the more...
DALLAS - Southwest Corporate FCU has seen a significant increase in the number of member CUs using its electronic cash management solution,TranZact. "I think it's growing fast because natural person credit unions find their members embracing technology more," said Southwest Corporate's Jody Beck, senior vice president of operations. The number...
PORTLAND, Ore. - The Northwest Corporate/Washington Corporate merger was mired in controversy because it pitted two corporates against each other. Those days are over, and the merged corporate is doing just fine thank you, says Northwest Corporate CU CEO Kathy Garner. The controversy surrounding the merger didn't involve Northwest and...
SYDNEY, Australia - Australian banks probably didn't mean to help credit unions down under, but as they continue to withdraw their services from regional and rural areas, credit unions are moving in and benefiting. This was substantiated by the Credit Union Services Corporation of Australia, Ltd. (CUSCAL) when it released...
METAIRIE, La. - Member credit unions of Louisiana Corporate CU received a welcome patriotic surprise with their 2001 Mid-Year Financial Soundness Report. The corporate included a pin of the American Flag along with the mid-year report. The corporate asked members to show their support by donating to the New York...
