WASHINGTON-The Office of the Comptroller of the Currency (OCC) has made some operational management changes in order to separate the larger national banks from the smaller institutions. According to the American Banker, the agency is regrouping 350 of its 1,980 examiners who supervise the top 30 national banks. Comptroller John...
WASHINGTON-After nearly a year's wait, the Renaissance Commission has handed over its recommendations for CUNA's legislative and regulatory pursuits to the board of directors. The commission's suggestions include both short and long-term goals to be voted on by the board shortly after press time. "I feel very good about it...
WASHINGTON-As the Utah Credit Union League and America First Credit Union of Ogden, Utah, approached their representatives on the Hill, the credit union representatives knew exactly what they came to achieve. The small credit union group that had traveled almost the entire way across the country wished to thank their...
WASHINGTON - As credit unions forge ahead in helping low-income members save for a new home, pay for education or start a business through individual development accounts (IDA), momentum is building to make these savings vehicles more widely available. The latest House bill, the Savings for Working Families Act (H.R....
WEST PALM BEACH, Fla. - Imagine it, children begging their parents to see Power Puff Girls, Shrek and -insert your credit union's kids club mascot here. "Just do it" is the message for credit unions still debating if they should have a youth program. According to a recent CUNA &...
In April 2000, the NCUA allowed credit unions to provide electronic statements instead of mailed statements, at the members' option. That rule, following the lead of the Federal Reserve Board, was amended by the NCUA Board on June 14. It now reads: Standards set for electronic Truth in Savings disclosures...
ST. LOUIS - Talk about hands on. Attendees at CU Conference's recent CU Technology Summit in Las Vegas received their very own "tech tours" by visiting the facilities of two Las Vegas-area credit unions. CU Conferences and William Rogers & Associates sponsored the program. Twenty-four attendees visited the retail branch...
MANCHESTER, U.K. - People love lotteries all over the world, but Association of British Credit Union Ltd. (ABCUL) credit unions and study groups in the South and West of England have even more reason to love the lottery. They have just won a 4200 pound grant from the British National...
HERNDON, Va.-NACHA, the Electronic Payments Association, has drafted a proposed rule that would limit how many times a financial institution can represent an automated clearing house (ACH) item. The amendment would limit presentments to three times. Some ACH items, including the re-presented checks, are already limited to three presentments. "With...
COLUMBIA, S.C. - Barbara Argo's credit union offers Internet banking, online loan applications, credit cards and ATM access. That's with a small handful of workers, including herself as president of the Cal Poly FCU, an $8 million, 3,500-member organization on the campus of Cal Poly-Pomona University in suburban Los Angeles....