WASHINGTON-NAFCU reiterated a few areas of concern regarding the Renaissance Commission recommendations during the most recent meeting of the National Credit Union Legislative and Regulatory Coordinating Council last week. The Coordinating Council was conceived during the H.R. 1151 battle and was scheduled to meet quarterly, but the frequency of meetings...
POUGHKEEPSIE, N.Y. - Hudson Valley Federal Credit Union President/CEO Chuck Cockburn has submitted his resignation effective September 7th. Under Cockburn's leadership for the past six years, the credit union has grown to $1.3 billion in assets. In addition, Cockburn was instrumental in increasing HVFCU's community involvement. Cockburn has accepted a...
DENVER - Using the cooperative approach, Colorado credit unions are moving swiftly to expand their reach into personal trust services by opening a new CUSO-chartered trust company, Members Trust Co. of Denver, slated to open offices by the latter part of October or in November. A major roadblock to chartering...
Robins Federal Credit Union, Warner Robins, Ga., has awarded scholarships totaling $20,000 to five graduating high school seniors. Each year RFCU selects the Most Excellent Senior Team which consists of the five best students based on academic performance, community involvement and extracurricular activities. Team members are each awarded a four-year,...
WEST PALM BEACH, Fla. - When it comes to auto insurance, credit unions may be missing a golden opportunity to help members, according to NACUSO President Bob Dorsa. "Credit unions live and die by car loans, so if the bulk of members are already doing business with credit unions then...
SARASOTA, Fla. - When Sarasota Coastal Credit Union decided to promote a new image it looked to "Survivor" for more than inspiration. The crew from the popular reality television series worked with Indianapolis-based advertising agency Englehart Dicken to film the credit union's new television commercial. "Anytime you work with guys...
SAN ANTONIO -Southwest Business Corporation, an insurance and financial solutions provider, has a new spin on automobile coverage. Called the Circle of Protection, it is a maintenance, service and support package that functions more like an "HMO" for vehicles. Designed as a value-added service for members, the Circle of Protection...
WEST PALM BEACH, Fla. - Around this time of year, discussion of the weather becomes a serious topic in certain areas of the country, but experts say everyone should be paying attention. Colorado State hurricane forecasters have predicted a slightly above-average hurricane season for this year with 12 named storms,...
News of still another credit union deciding to become a savings bank hardly causes a stir in credit union land. Maybe it's time to begin paying some attention to what has already taken place and what could likely happen further down the road. So far the number of credit unions...
BRONX, N.Y. - Hoping to appeal to more residents here who don't have a relationship with a financial institution, amid fanfare and high hopes, Bethex Federal Credit Union opened a second branch to meet their needs. More than 100 people including Bethex members, local officials and credit union industry representatives...