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Illinois Credit Union League, Naperville, has elected the following officers to its board: Jack Teausant, chairman; Carl Sorgatz, vice chairman; and John Bratsakis secretary/treasurer. In addition, Crayton Achelpohl and Joyce Walker have been named board directors. Finally, the Credit Union Political Action Council has elected the following officers to its...

DEADWOOD, S.D. - Floyd Rummel III, chairman of the newly formed Mid America Credit Union League, has some advice for League peers working on trade group mergers. "It's a long process that took us six to seven years" to complete, commented Rummel, in discussing the combination of the North and...

I always enjoy reading Publisher Mike Welch's column, even on occasions when we don't agree, and I paid special attention to his May 26th comments on State CU League changes, which were perceptive and generally on-the-mark. Governance system changes that provide more effective and equitable representation for member credit unions...

GREENSBORO, N.C. - Face it corporates, with credit unions able to use the services of just about any of the nation's 29 corporates, for a corporate image is everything First Carolina Corporate recently released its new branding effort that it hopes will polish its image as a very cooperative, yet...

PORTLAND, Ore. - The Portland Teachers CU and Oregon Community CU merger - which would have been the largest ever - is dead, for now. Last year the $1.6 billion Portland Teachers CU and the $700 million Oregon Community CU announced that they were exploring the possibility of a merger....

ARLINGTON, Va. - As the question of whether or not a credit union should sell its card portfolio remains active, more credit unions which have had success with their card programs have stepped forward to tell others how they have done it. Executives from three credit unions, the $4.7 billion...

WASHINGTON - As credit unions continue to make strides with student loans, competing head on with traditional lenders, a new lower consolidation rate this summer could prove to be more of a boon. On July 1, the interest rate on a Stafford loan will drop to 3.37%, the lowest percentage...

WASHINGTON - The Federal Deposit Insurance Corporation recently reported that banks had record earnings for the fifth quarter in a row. Contrary to banker cries that credit unions are taking away business from banks and thrifts, the 9,116 national banks and thrifts earned a $31.9 billion last quarter, up $858...