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ORLANDO, Fla.-According to Rutledge Capital, LLC President and CEO Dr. John Rutledge, credit unions need to do more business lending now. "It's all stories of no cash, no working capital right now," he said. In order for the economy to pick up, some additional business lending will be necessary. Rutledge...

RANCHO CUCAMONGA and SAN FRANCISCO, Calif. - After having an informal working arrangement for the last few years, Career Connections Inc., an affiliate of the California Credit Union League, and the human resource division of O'Rourke Consulting, a wholly-owned subsidiary of O'Rourke, Sacher & Moulton, CPAs have made their working...

ARVADA, Colo. - The five-member Colorado Financial Services Board unanimously approved the application from Colorado Central Credit Union to expand its field-of-membership to include a geographic community - persons who reside within the City of Arvada. The board scheduled a public hearing for July 13 to consider the application. However,...

ORLANDO, Fla.-With the number of consumers using the Internet increasing daily, credit unions cannot afford not to be online. According to CyberBranch President and CEO Warren Marshall, not only is that where consumers are going more and more for business needs, but it is also a great strategy for targeting...

PHOENIX, Ariz. - FirstCorp, the 22nd largest corporate in the U.S., has divested its share of ownership of the Arizona Credit Union League Services Corporation. FirstCorp has owned 50% of the service corporation and the Arizona Credit Union League has owned the remaining half. The two organizations have had an...

WASHINGTON-Federal Reserve Board Chairman Alan Greenspan told the House Financial Services Committee last week that between the agency's rate cuts and the administration's tax cut, the American economy should be reversing its downward course in due time. "Our accelerated action reflected the pronounced downshift in economic activity, which was accentuated...

Army Aviation Center Federal Credit Union, Daleville, Ala., has named Karen McCarthy Destin branch manager and Hugh Martin Ozark South branch manager. Educational Community Credit Union, Jacksonville, Fla., has named Frank Florio vice president of information technology. Arkansas Federal Credit Union, Jacksonville, has named Terry Borreson senior vice president of...

ALEXANDRIA, Va.-NCUA Acting Chairman Dennis Dollar said that the agency was planning on cutting its budget by more than $2 million at the upcoming July board meeting. Dollar said that all three NCUA Board members have been briefed on the $2,183,000, or 1.55%, budget cut. The reduction brings the entire...