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WASHINGTON - NAFCU has begun to lobby Congress to lower the equity ratio range in which NCUA must set the normal operating level for the NCUSIF each year. Currently the NCUSIF must maintain, under federal statute, an equity ratio of between 1.2 and 1.5%. This has been defined in the...

RANCHO CUCAMONGA, Calif. - John Merlo, president/CEO of Premier America CU was elected chairman of the board of CU Direct Corp. Merlo has served as a board director since September 1998 and was chairman/treasurer until June 2000, at which time he became vice chairman. Diana Dykstra, president/CEO of Vandenberg FCU,...

RICHARDSON, Texas - Texans Credit Union, the fifth largest credit union in the state, filed two applications with the Credit Union Division that will expand the $1.1 billion credit union's potential field-of-membership by more than a million people. In the first application, Texans applied to add Travis and Williamson counties,...

USA Federal Credit Union, Troy, Mich., has named Greg Lanigan vice president of information systems. Heritage Credit Union, Rockford, Ill., has named Tom Madden Waukegan branch manager. Royal Credit Union, Eau Claire, Wis., has named Monte Lokken loan officer.

Credit unions can stand out by offering high-demand services It's no secret that people are making financial decisions on the Web. In fact, analysts from International Data Corp. expect that by 2004 not only will almost all high-income households access the Web, but more than 50% of these same households...

WASHINGTON - A bill that seeks to increase deposit insurance also includes coverage expansion for individual retirement accounts and 401(k) plans. House of Representatives Financial Services Committee Chairman Michael Oxley and Financial Institutions Subcommittee Chairman Spencer Bachus recently introduced legislation that may receive initial committee consideration in March. In addition...

I read Mike Welch's January 23rd weekly publisher's column with a big smile on my face. It captured the difficulties of a CEO in today's economy and environment. I am happy to say that I have an excellent relationship with my board of directors. I believe that the reason for...

WASHINGTON - A major overhaul of the relationship between companies and the firms they hire to conduct their audits is needed to ensure that investors are getting accurate pictures of financial health, the Consumer Federation of America (CFA) recently said. The CFA outlined recommendations that do away with conflicts of...