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SACRAMENTO, Calif. - Before an audience of nearly 7,500 supporters, dignitaries and celebrities, Arnold Schwarzenegger was sworn in as California's new governor on Nov. 17. Behind the scenes, a number of credit unions here have already met with Schwarzenegger's transition team, said Mark Lowe, California Credit Union League public relations...

WASHINGTON - As if it wasn't enough that members of Congress are debating creating a new regulatory agency possibly under Treasury to regulate the housing Government Sponsored Enterprises Freddie Mac and Fannie Mae, now the current front runner in the Democratic presidential nomination race, former Vermont Gov. Howard Dean, has...

The close membership vote to convert $600 million asset Columbia Credit Union to a mutual bank, coupled with the announced intentions of NCUA Chairman Dennis Dollar to improve member disclosure information, represents a turning point in CU to bank charter conversions. The less than two dozen credit unions that have...

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MADISON, Wis. - It's that time of year again when the CUNA Marketing & Business Development Council begins accepting nominations for the Best Practices awards. The awards recognize outstanding new marketing and business development approaches with potential for universal application across the credit union movement. Award winners will be selected...

CU reps from throughout California and Nevada descended on San Diego for three days, Nov. 17-19, for the California/Nevada Credit Union Leagues Annual Meeting and Convention. Catch up on the conference news on page 18.

ST. PETERSBURG, Fla. - An employee approaching the celebration of her 10-year anniversary with PSCU Financial Services has confessed to helping defraud 66 PSCU member credit unions for $1.6 million over a few months earlier in 2003. The St. Petersburg, Florida, firm has 550 member credit unions that process their...

ALEXANDRIA, Va. - The NCUA Board tackled three controversial measures in one board meeting last week: the agency's budget, operating fee and overhead transfer rate. In a lengthy discussion of how NCUA arrived at the OTR, Executive Director Len Skiles announced that it proposed lowering the OTR to 59.8% from...