JEFFERSON CITY, Mo. - Five months after the Missouri Bankers Association and Century Bank of the Ozarks failed in their first attempt to appeal the Division of Credit Unions director's decision to approve a field-of-membership expansion request from Springfield Telephone Employees Credit Union, the MBA and Springfield-area bank have filed...
NEW YORK-According to reports in the American Banker, Neil Levin, a former New York banking superintendent, was still missing Friday following the terrorist attack on the World Trade Center and presumed dead. Levin, 46, was serving as the executive director of the Port Authority of New York and New Jersey...
SYDNEY, Australia - If the problem is a peanut, don't use a sledgehammer. That's the message that the Credit Union Service Corporation of Australia, Ltd. (CUSCAL) is trying to deliver to the Federal Members of Parliament. The legislative group has proposed a new licensing and disclosure regime for financial services...
HAMPTON, Va. - Langley Federal Service Corp. is throwing its hat in the tax service arena by purchasing Drumeller & Associates, Inc. Providing tax services since 1985, Drumeller & Associates will continue to operate under the same name, as a division of LFSC. LFSC, a wholly owned subsidiary of Langley...
BELLEVUE, Wash. - In light of September 11's tragedy, Coinstar and the American Red Cross are asking consumers to share their spare change. According to Coinstar, if just half of the Americans living within two miles of the green coin counting machines donated a handful of pocket change, more than...
WASHINGTON-President George W. Bush has nominated Iowa State Senator JoAnn Johnson (R) to serve in his administration on the NCUA Board. Johnson will replace current holdover NCUA Board Member Yolanda Wheat, whose term expired in August. At the same time, Bush also announced Dennis Dollar as the permanent chairman to...
HARRISBURG, Pa. - Competition among check vendors, which heated up early this year with big price breaks offered credit union leagues on the East Coast, shows no signs of abating into 2002 as one supplier, Minneapolis-based Deluxe Financial Services Corp. makes a spirited pitch for CU business. The Deluxe move...
ALEXANDRIA, Va.- In a legal opinion letter directly impacting CUNA Mutual's new employees sharing program, NCUA determined that federal credit union employees may work for CUSOs or other third parties selling nondeposit investment products to the federal credit unions' members. Also, if physical separation of the investment sales from the...
MOUNDS VIEW, Minn. - Liberty Online (www.libertysite.com), a provider of Web site development and hosting for CUs, has announced a number of product and service enhancements to its online products. Enhancements include more credit union access for content changes; and the addition of secure online loan applications and calculators for...
WASHINGTON-In a recent legal opinion letter, NCUA told Shay Financial Services that a federal credit union cannot purchase certificates of deposit from a Securities and Exchange Commission (SEC)-registered broker-dealer through an introducing broker who is not registered with the SEC or is not a depository institution. In writing its decision,...