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MADISON, Wis. - Mortgage experts are predicting that 2002 will probably not be as stellar a year as 2001 was for mortgage lending, but for now CUNA Mutual Mortgage President/CEO Steve Renock is relishing the two volume records the company has set. In 2001, CUNA Mutual Mortgage provided more than...

ARLINGTON, Va. - NASCUS has recommended that NCUA correct language in its proposed Interpretive Ruling and Policy Statement (IRPS) 01-3 that the association said in its current form would "unnecessarily require state-chartered, federally-insured credit unions to have a supervisory or audit committee." Explaining the association's position, NASCUS President/CEO Doug Duerr...

As almost everyone in the industry knows, Georgia Central recently experienced a challenging year. Early in 2001, the Board decided to consolidate with Southwest Corporate FCU. After extensive legwork to coordinate the merger, it failed to materialize in the final stage of negotiations. You might think we were a bit...

Today, consumers are looking for more efficient and cost-effective ways to manage their time, finances and related bill-payment activities. Increasingly, they are finding what they want at credit unions. More and more, consumers are turning to credit unions for a variety of electronic commerce products and online financial services. That's...

ALEXANDRIA, Va.-In a recent legal opinion letter (01-1176), NCUA's Office of General Counsel told the California Credit Union League that federal credit unions may not conduct a board meeting via e-mail. According to the agency, using e-mail would violate the Model Business Corporation Act, requiring all directors to hear each...

On December 13, the opponents of NCUA's Community Action Plan (CAP) regulation rejoiced over a stunningly quick victory, as the NCUA Board aborted the rule before it became effective. The victory may not come cheaply, however. In our view, the credit union movement may lose credibility and political support as...

LOS ANGELES - Bauschke & Associates Ltd.; Turner, Warren, Hwang & Conrad; and Enterpise Systems Solutions, Inc. have formed a strategic partnership. According to company representatives, the strategic alliance will help credit unions by better leveraging each firm's experience and expertise. Canada-based B&A is a provider of management consulting services...

NCUA has been making lots of front page headlines recently but especially in the past several months. The subject matter of these headlines has ranged from the last minute repeal of CAP, to bringing the NCUA Board up to full strength, to an interesting career move by former board member...