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WASHINGTON - At first glance at Callahan & Associates' June report, credit unions' auto loan portfolios are in fine shape. After all, they account for 40.1% of CUs' loan portfolios. As impressive as that number is, there's still considerable room for improvement when it comes to CUs' auto loan penetration...

WASHINGTON-The Treasury Department will consider reducing the burden associated with its proposed guidance requiring financial institutions to report deposit interest paid to all nonresident alien individuals. Currently, this only needs to be completed for those claiming to be Canadian. CUNA Associate General Counsel Mary Dunn represented credit unions at a...

MADISON, Wis. - If you cover the world as the World Council of Credit Unions (WOCCU) does, then it makes good sense to have representation from around the world. In the past, the WOCCU Board was heavily weighted by U.S. membership, although there were other countries on the board. That...

WEST PALM BEACH, Fla. - Credit Union Times announces the newest addition to the newspaper's growing list of correspondents - Jay Miller, Midwest correspondent. Miller has been a news reporter and freelance writer, specializing in business, business history and healthcare finance since 1982. As a staff reporter for Crain's Cleveland...

MADISON, Wis. - For the first time since the last quarter of 1999, the Nasdaq, S&P 500 and Dow Jones Industrial Average have seen gains of 5 to 17% thanks in part to several Fed cuts, a liquidity surplus and the move of some investors out of cash and into...

People First Federal Credit Union, Allentown, Pa., has promoted Lois Ring to member service center manager; Karen Ann Kahle to branch operations manager; Pam Ritter to Bethlehem branch manager; and Eileen Haas to branch operations assistant/trainer. Dover Federal Credit Union, Delaware, has named Robert L Naftzinger vice president of member...

I wholeheartedly agree with Richard Johnson, president/CEO of WesCorp, regarding his letter in the June 6 issue of Credit Union Times in which he questions why so many credit unions invest outside our own corporates. Volunteer Corporate CU (our corporate here in the beautiful state of Tennessee), is run by,...

WEST PALM BEACH, Fla. - Take a high rate of home ownership, made possible in some cases by liberal programs intended to help people into their first homes. Combine with a sluggish economy and rising unemployment. The result, according to some observers, is a recipe for rising mortgage delinquency. The...