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CHICAGO-According to a recent study performed by Grant Thornton LLC, banks and thrifts electing to switch to Subchapter S status are increasing for the first time since the 1997 tax year. However, the national study of more than 8,000 banks shows that banks still have several roadblocks to overcome. As...

PALO ALTO, Calif. - The announced merger of Hewlett-Packard and Compaq Computer could have a big impact on the PC market, but there may also be an impact to the credit union industry. HP's credit union, the $1.3 billion HP Employees FCU, Palo Alto, Calif., will be monitoring the deal...

"Everyone here at the Association of Credit Union Internal Auditors (ACUIA) are experiencing a range of emotions from the tragic events that occurred on September 11th. Some of us have experienced relief, particularly in the New York and Washington D.C. areas, knowing that loved-ones, friends, and colleagues are accounted for....

SACRAMENTO, Calif. - The California Senate passed by a vote of 22 to 12 a bill introduced by state Assembly member Carole Migden (D-San Francisco) that would ban predatory lending statewide. At press time, the state Assembly was expected to vote on A.B. 489 on Sept. 11 or 12. A.B....

WASHINGTON-While President George W. Bush came across America's television screen on the night of the attack proclaiming that Washington would be business as usual the following day, it wasn't. While the Federal Reserve remained open following the attack on the Pentagon and the World Trade Center offering liquidity through the...

Dupaco Community Credit Union, Dubuque, Iowa, has awarded $500 scholarships to five high school seniors. The Tri-State-Area College Scholarship winners are selected based on their academic achievements, extracurricular involvement and interest in the pursuit of an advanced degree. In addition, the graduating seniors must attend any one of seven Tri-state-area...

ALEXANDRIA, Va. -NCUA activated its disaster relief policy Sept. 12, following the terrorist attacks to assist credit unions and their members in New York City and Arlington County, Va. NCUA reassured federal credit unions that examiners and staff from the affected regions are in close contact with the affected local...

SALT LAKE CITY - It will be a kind of "credit union welcome mat" that greets the 110,000 visitors who come trouping through the Salt Lake City International Airport next February for the 2002 Winter Olympics. Relying on the notion that `first impressions count,' a CU coalition here, which holds...