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While 2003 was the most productive year in the history of mortgage lending volume, 2004 may be an even better year for credit unions to grow their mortgage business. There are many elements that are aligning to make this an ideal environment for credit unions to take either a bigger...

CHICAGO - American Airlines Federal Credit Union has decided to use the Artiva Recovery solution from Ontario Systems to manage its account receivables and help collect on past due accounts. The $3.9 billion CU will use the Muncie, Ind, company's automated workflow system to allow its management to prioritize accounts...

BEAVERTON, Ore. - Emphasizing that the "door is still open to a possible consolidation in the future" with the Washington Credit Union League, the Credit Union of Oregon Board turned down a consolidation proposal and passed a resolution stating the board's decision "to maintain their independence while pursuing future working...

Illiana Financial Credit Union, Calumet City, Ill., has named Wayne DeGraaf assistant vice president for member business lending/development services; Robert Palumbo, Jr., Downers Grove branch manager; Jolynn B. Burke Chicago Heights branch manager and Robert T. Li financial advisor. CEFCU, Peoria, Ill., has named Terry Bitner East Peoria Member Center...

COLUMBUS, Ohio - When Corporate One decided to sell its popular SimpliCD product last year to a corporate network-owned CUSO, Corporate One President/CEO Lee Butke said the main reason was to get the product into the hands of more credit unions. The idea was if all corporates were co-agents of...

SAN LUIS OBISPO, Calif. - After enjoying historically low interest rates in recent years, economists are now predicting that interest rates will start to rise later this year or in early 2005. With the cost of borrowing expected to go up, TrueCredit.com, a provider of consumer credit management services, says...

AUSTIN, Texas-The Independent Bankers Association of Texas is looking to legislative remedies to allow the continued viability of the community banks. "We're trying to find a place for community banks in this changing, dynamic financial services marketplace," IBAT Executive Vice President Steve Scurlock said. He cited the large banks and...

ARLINGTON, Va. - Federal Reserve Governor Susan Schmidt Bies is among the list of notable speakers expected at NASCUS' 39th Annual Conference and Symposium that will be held Sept. 12-15 in Albuquerque, N.M. Among the others on the speaker list are NCUA Chairman JoAnn Johnson; Executive Director of Jump$tart Coalition...