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In October, the NCUA Board approved final revisions to Part 704, the regulation that governs corporate credit unions. The major changes in the regulation are in the areas of capital, credit concentrations, and credit risk. From corporates' perspective, the biggest accomplishments in the regulation include dramatic improvements in the following...

WOBURN, Mass. - The $1.3 billion EasCorp recently announced that the keynote speaker for its 2003 Partnership Conference and 25th Anniversary Annual Meeting, on April 29, will be Dr. Ken DeWoskin, partner with PriceWaterhouseCoopers LLP. DeWoskin is well-known for his work in emerging market economies, and is currently responsible for...

LENEXA, Kansas -U.S. Central reported net income of $16.1 million as of Sept. 30, 2002, up from $14 million for the same period last year. Looking year-to-date, net income is $50.2 million, up $9.5 million from last year. Average interest-earning assets as of Sept. 30 were $31.8 billion, up 10.3%...

ST. PETERSBURG, Fla. - The $1.9 billion Pennsylvania State Employees Credit Union, the largest in the state, has agreed to have PSCU Financial Services process its credit and debit card transactions. The 272,000-member credit union, based in Harrisburg, PA., has more than 110,000 credit card accounts and 116,000 debit card...

LENEXA, Kan.- CU Investment Solutions (ISI), a wholly-owned subsidiary of U.S. Central, has made its first trade with a natural-person CU through SunCorp. With the non-compete agreement with CNBS dissolved, U.S. Central, through its subsidiary, can now offer brokerage services to natural-person CUs. Arkansas Valley Federal Credit Union, located in...

ALBANY, N.Y. -Credit unions are going to get some good national publicity on Nov. 26. Empire Corporate FCU was recently selected by Pat Summerall Productions to be part of its "Champions of Industry" paid program television presentation on financial institutions. It will air on Nov. 26 at 7:00 a.m. Eastern...

NAPLES, Fla. - Loan transactions can be a catalyst for developing member relationships, but this can't happen without a CU implementing a plan that often requires a change in employees' habits and a CU's sales culture, Gloria Green, a CUNA Mutual Group marketing specialist told attendees at a breakout session...

At one time credit union CEOs ("managers" back then) were referred to as "bankers in overalls." The prevailing image of CUs at that time was that they were basically pretty simple and unsophisticated mom and pop operations. Today, a substantial number of credit unions lead the pack among high-tech financial...