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WASHINGTON-CUNA participated in a discussion on Capitol Hill last week regarding the Small Business Administration's proposal to change the funding of the popular 7(a) program. CUNA Vice President of Legislative Affairs and Senior Legislative Counsel Gary Kohn said CUNA and other financial services industry groups held a relatively informal meeting...

Sheilah Montogomery, president/CEO of 1st Choice Credit Union in Atlanta, was awarded a $20,700 scholarship to attend the Credit Union Executives Society's CEO Institute. Montgomery has been active in the movement for more than 25 years, has served as a mentor for SPC Federal Credit Union and is the board...

COLORADO SPRINGS, Colo. - It's an ongoing effort to educate members about the need for trust services, but some estate attorneys and CPAs may also need to be informed about the new players on the block. "They're accustomed to working with trust banks and that's where they send their clients...

MOUNDS VIEW, Minn. - Liberty has launched a new product to help credit unions evaluate cross-sell opportunities during the new member account opening process. LibertyDirect for Credit Bureaus provides CU member service reps with a credit screen that instantly shows what products a new member qualifies for To participate, CUs...

MEDIA, Pa. - Guy Messick believes consultants should listen to their own advice concerning CUs reinventing themselves to remain competitive. That's why he formed CUSO Advisors Network to change the way legal advisory services are provided to credit unions and CUSOs. In the two years since it was formed, there's...

WASHINGTON-The Federal Reserve Board recently issued a final rule on Regulation B, implementing the Equal Credit Opportunity Act, requiring credit unions and other lenders to obtain evidence of a co-signers' intent to sign on a loan at the time of application. Because this could impose a burden on credit unions...

CUSOs have emerged as an important organizational option for the credit union system over the past decade. The two primary kinds of CUSO's-wholly-owned by one credit union and multi-owned by credit unions and/or private firms-have continued to play major roles in credit union success. Or have they? Unlike other sectors...

VIENNA, Va. and TAMPA, Fla. - Members of Navy Federal Credit Union will now have access to trust services through a partnership with MEMBERS Trust Co., the industry's only nationally-chartered trust firm owned by credit unions. The agreement allows for estate management and trust services to be provided through Navy...