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*Established in 1950 to serve the California Teachers Association; *Assets of $1.03 billion; *Currently ranked as the 12th largest credit union in California; *Operates 20 branches; *87,655 members from among approximately 1,600 select employee groups; *Reserves -13.1%; *Loan portfolio - $740.3 million; *Loan to share ratio - 86.1%

WASHINGTON - Credit unions over $50 million appear to be weathering the tough economic times quite nicely. According to NCUA's just-released third-quarter call report data, Return-on-Average Assets (ROA) was a solid 1.01% as of Sept. 30, 2001, down only slightly from 1.03% as of March 31 and from 1.06% at...

AUSTIN, Texas - James Deese has been appointed the new Texas Deputy Credit Union Commissioner. He succeeds Lynette Pool who left the Department in August to further her education in the accounting field. Deese has had an impressive career in credit union regulation. Initially hired in 1985 as an examiner,...

ATLANTA - Information services company Equifax has been named in a $42.9 million lawsuit filed in Fulton County Superior Court by the owners of its former headquarters-1600 Peachtree LLC. The landlord alleges that Equifax has not lived up to the lease termination agreement it signed in 1999 and seeks back...

JACKSONVILLE, Ark. - Putting a new twist on "whistling while you work", Arkansas Federal Credit Union Branch Manager Terry Vick and his staff kick off each workday with a morning Happy Song. "I got the idea last year while attending the University Lending School in Chicago. Rex Johnson related member...

DES MOINES, Iowa - Thomas Gronstal was appointed by Gov. Tom Vilsack to be the state's new superintendent of Banking. Gronstal will replace Holmes Foster who will retire at the end of December. Gronstal will assume his new duties on Jan. 1, 2002. He will serve an "interim" appointment until...

Take one last look at how CU teamwork has benefited the victims of Sept. 11.....Pages 26,28

KENTWOOD, Mich. - WESCO CEO Randy Karnes believes that technology shouldn't be a risky business for credit unions. The tech CUSO's per-minute pricing plan for home banking is designed to let any size CU jump into Net banking with little monetary risk. Per-minute pricing is unique in the home banking...