WESTERLY, R.I. - John Hutchinson turned 80 in January and retired as president/CEO from Hamilton Sundstrand Federal Credit Union in Windsor Locks, Conn. more than 10 years ago, but this former NAFCU pioneer and credit union icon is still called on by industry notables for congressional testimony and expertise. At...
ALBANY, N.Y. - Legislation that would enact a revised Article 9 of the Uniform Commercial Code (UCC) and bring New York State up to par with other states is among the bills waiting Gov. George Pataki's signature. The revised UCC Article 9 creates a new statewide system for filing of...
WASHINGTON - College campus credit unions are getting the recognition they deserve. Kiplinger's August issue shines a spotlight on college credit unions and finds more students are choosing them as a way to beat bank fees. According to one student Jeremy Garver-Hughes, a senior at Kent State University he became...
It is annual conference time here at NAFCU, a time for taking stock of where we are as a community and where we are headed. As credit union leaders convene in Orlando to discuss the important issues facing our institutions, we need to keep in perspective what is possible for...
The NAFCU Annual Conference and Exhibition is going on this week in Orlando. What better time to reflect on NAFCU's strengths and weaknesses than when its entire leadership group and a large percentage of the group's members are all gathered together under one roof? One of NAFCU's biggest strengths is...
FITCHBURG, Mass. - The fifth grade class at J.R. Briggs Elementary School in Ashburnham Mass. has proved that reading really is fundamental by organizing their own book drive to benefit many programs within North Central Massachusetts. Wanting to encourage greater student involvement within their community, Workers Credit Union and fifth...
ALEXANDRIA, Va.-Acting NCUA Chairman Dennis Dollar announced June 29 that he intends to appoint Clifford R. Northup to the agency's director of Public and Congressional Affairs. The current director, Bob Loftus, plans to retire by July 27, after 20 years with the agency. Northup will serve as the primary contact...
Volunteer Corporate Credit Union, Brentwood, Tenn., has promoted Ben G. Mauldin to senior vice president/chief financial officer; Ben Williams to vice president of information services; and Shirley Austin to vice president of finance. Florida Central Credit Union, Tampa, Fla., Senior Vice President Laida E. Garcia has been elected Florida Credit...
In response to publisher Mike Welch's recent column on pet peeves, I have one of my own. My biggest pet peeve has to be the notion, within the credit union industry, that EVA-type measurement methodologies have no place within our organizations because "we are different from for-profit entities." I agree...
WEST PALM BEACH, Fla. - The past 18 months have been quite a roller-coaster ride for CU balance sheets. The story in 2000 was loan growth. Loans were up 11%, or about $30 billion, while shares increased just 6.3%, or $22.3 billion. This year the scenario is reversed. NCUA's 2001...