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ARLINGTON, Va.-NAFCU named U.S. Central Federal Credit Union Senior Vice President and Chief Financial Officer Kathryn E. Brick as its nominee to the Financial Accounting Standards Advisory Committee (FASAC). According to NAFCU's letter of nomination, Brick has vast experience in financial reporting and financial institutions, both for profit and not-for-profit....

ST. LOUIS - A Maritz Research Corp. telephone survey finds that only 4.4% of respondents use Internet banking to conduct a financial transaction. In terms of popularity, physical branches are still the reigning champions with 47.2% of respondents choosing that delivery channel; followed by ATMs at 18%. The finding suggests...

SACRAMENTO, Calif. - Legislation supported by the California Credit Union League that would give state and local governmental agencies that are already allowed to deposit funds in banks and savings and loans the option of depositing funds in credit unions has cleared the state Senate and is on its way...

Indirect lending continues to be a hot button for credit unions - some can't live with it, others can't live without it. Despite CUs' misgivings about indirect lending, a growing number are participating in programs. Read about indirect lending and other auto lending and leasing news in a special report...

EUREKA, Calif. - In the wake of a wildfire that recently burned through the town of Weaverville, Coast Central Credit Union is lending a helping hand to residents here. The $395 million credit union has implemented a fire-assistance program where members can take advantage of a 5% loan up to...

Looking back two years ago finds Fed Chairman Alan Greenspan advising the House Banking Committee that the Fed can no longer justify the $81,720 price tag of its "Annual Report to the Congress on Retail Fees and Services of Depository Institutions." According to Greenspan the study is no longer needed...

While the Renaissance Commission attempts to justify the elimination of many qualities that make up the unique character of credit unions, CUNA President/ CEO Dan Mica sends a copy of the Commission Recommendations to each member of the Senate and House. At best the disclosure is premature and potentially damaging....

WASHINGTON - A report released by the American Association of Retired Persons finds that people age 50-61 view retirement as more of a lifestyle change. The findings are interesting in light of CUNA statistics that say 20% of the nation's CU CEOs are expected to retire in the next five...