Search Results

WASHINGTON - The U.S. Court of Appeals for the District of Columbia heard the appeal of the field of membership (FOM) case brought by the American Bankers Association (ABA) against NCUA. Michael Robinson, attorney for the Department of Justice, represented NCUA in court. "I don't see any reason, based on...

WASHINGTON - NCUA recently issued two Letters to Credit Unions dealing with securing transactions in cyber space. In a letter focused on authentication in electronic banking, NCUA advised CUs to review authentication guidance recently issued by the Federal Financial Institutions Examination Council (CU Times, August 22). "Member interaction with credit...

WASHINGTON - CUNA is in the process of establishing a nine-member Small Business Task Force charged with strengthening credit unions' relationships with their SEGs by putting together "a package of services which will benefit small business," said CUNA Chairman David Maus. The package would include loans, employee benefit services, automation...

WASHINGTON - At some points too choked up to speak, political powerhouse and former Senate Banking Committee Chairman Phil Gramm (R-Texas) announced recently that he would not be seeking re-election to the Senate when his term expires after 2002. Gramm is a close ally with credit unions. As just one...

Mon-Oc Federal Credit Union, Toms River, N.J., has named Margaret Arling Neptune branch manager. Federal Reserve Bank of Philadelphia, has appointed the following officers to its credit union advisory council: Freedom CU President/CEO Lee T. MacMinn, chairman; American Pioneer FCU CEO James F. McCaw, director; Diamond State FCU President Paula...

WASHINGTON - Credit unions may not qualify as independent financial counselors for mandatory credit counseling under bankruptcy reform said CUNA in a letter to the Office for U.S. Trustees. Pending bankruptcy reform legislation would require credit counseling of debtors before filing for bankruptcy. Because of their vested interest in seeing...

ALEXANDRIA, Va.-The NCUA Board released its key suggestions for regulatory relief contained in a letter to House Financial Services Chairman Mike Oxley (R-Ohio) last week. Oxley wrote letters to each of the federal financial institution regulators last month requesting recommendations for regulatory relief, which he is expected to parlay into...

Lockheed Federal Credit Union, Burbank, Calif., has named Phil Hart executive vice president/chief financial officer. Safe 1 Credit Union, Bakersfield, Calif., has appointed Pat Laski board director. Denver Postal Credit Union, Arvada, Colo., has named Sundie Seefried-Charpentier president/CEO. MaPS Credit Union, Salem, Ore., has named Kenneth M. Becker controller and...