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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-The House Ways and Means Committee gave the green light to a $100 billion economic stimulus package championed by President George W. Bush to help spur the economy following the September terrorist attacks. Credit union trade associations have said they would like to see Individual Development Accounts (IDAs) included in...

DUBLIN, Ohio - Maine and Delaware have joined the list of states that authorize Excess Share Insurance to offer credit unions in the state with excess share deposit insurance. ESI is a licensed property and casualty insurer that operates as a subsidiary of American Share Insurance (ASI). The authorization means...

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...

Pennsylvania Credit Union League, Harrisburg, has promoted the following members of its staff: Rick Wargo to senior vice president/general counsel; Jan Hartman to vice president, government affairs; Shannon Villa to vice president, marketing/ communications; John Kilduff to assistant vice president, compliance/information services; David Dunn to business development vice president; Jay...

ANAHEIM, Calif. - Retired U.S. Army Gen. H. Norman Schwarzkopf rallied the credit union troops attending the California Credit Union League's annual meeting and convention here, exhorting them to unconditionally support the U.S. policy against terrorism and the bombing of Afghanistan. "We need your support," said Schwarzkopf, who commanded troops...

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...

Point Loma Credit Union, San Diego, Calif., has raised $5,000 for the Children's Miracle Network. Members were able to contribute to the campaign by purchasing balloons at each of the 10 area PLCU branches. Balloons were then displayed in the branch lobbies. All proceeds went directly to the Children's Hospital....