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BATON ROUGE, La. - A reduction of Internet lending firm Appro Systems' field sales staff by 50% is not the prelude of a company collapse, said Appro President/COO Craig Uffman, but more of a strategic decision about which financials the firm wants to target. Having seen firms such as CUShopper...

TULSA, Okla. - Since being given the green light by the NCUA, federally-chartered Oklahoma credit unions have been able to cash nonmember checks for people stuck here due to the terrorist attacks on New York and Washington D.C. Don Klein, director of NCUA's region five supervision division, gave credit unions...

AUSTIN, FARMERS BRANCH, Texas - Texas parents who are delinquent in paying child support should be prepared. Texas is on the move, often seizing the accounts of deadbeat parents with the help of Texas credit unions. A Texas mandate requires all Texas financial institutions to participate in the Financial Institution...

ARLINGTON, Va. - NASCUS and Boeing Employees' Credit Union have chosen different tactics to address the issue of federally insured state-chartered credit unions' growing frustration with the overhead transfer rate. Despite their different strategies, NASCUS President/CEO Doug Duerr said, "Boeing Employees' Credit Union's decision to petition the NCUA to introduce...

ARLINGTON, Va. - In the wake of the World Trade Center and Pentagon tragedies, the NASCUS Board decided to postpone its annual conference until December . The conference has been rescheduled for Dec. 14-18. It was supposed to take place Sept. 13-18. NASCUS President/CEO Doug Duerr said the annual conference...

LANSING, Mich. - The state Office of Finance and Insurance Services has approved the merger of three Grand Rapids credit unions into Grand Rapids Teachers CU, which has been managing the three CUs under a contractual arrangement for several years. Involved in the merger are Alliance CU, $38 million in...

ALEXANDRIA, Va. - Corporate credit unions can't be compared to other financials, that's the message corporate CUs wanted NCUA to get loud and clear when amending the corporate CU reg, Part 704 - it looks like NCUA listened. "It appears that the concept of Reg-Flex has permeated this proposed rule,"...

MADISON, Wis. - Facilities of two credit unions located at the World Trade Center were completely destroyed by the terrorist attacks involving two hijacked jetliners, but at press time it appears that all credit union employees survived. According to CUNA Mutual, which provides bond and other insurance coverage to the...