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ALEXANDRIA, Va.-When polls closed June 30 on whether to establish a union at NCUA or not, the vote was decidedly (345-220) in favor of the union. NCUA employees organized Chapter 303 under the auspices of the National Treasury Employees Union. Employees have complained of unpaid overtime and unequal treatment by...

WASHINGTON-Senator Kay Bailey Hutchison (R-Texas) gave credit unions an early Christmas present this year wrapped in a letter to Texas Credit Union League President and CEO Dick Ensweiler. Hutchison's letter thanked Ensweiler for a letter he wrote her office on credit unions' tax exemption and offered up her support. "Credit...

As the year 2004 winds down it means it is time for me to fess up on how I did on the predictions I boldly made way back on January 7th. For starters, credit unions did achieve impressive results in mortgages, member business loans, and with the new kid on...

BROOKLYN, N.Y. - In 1999, the NCUA put the then $595 million Polish and Slavic FCU into conservatorship after a series of investigations into voting irregularities led to subsequent investigations of management and financial irregularities. Now, five years later it appears that similar management and financial problems have cropped up...

In a recent column, publisher Mike Welch raised the very valid point that not all bankers are bad. In fact, sometimes bankers wear the white hat. We need to put into perspective that banking trades have spun the "credit union issue" in order to maintain membership when they see the...

TAMPA, Fla. - While still relatively green to the industry, trust services saw a number of new players enter the arena this year as this latest offering continues to be an option for members left out by banks that have set traditionally high asset minimums. Arkansas FCU, Navy FCU, FORUM...

WASHINGTON - Executive compensation was front and center with the IRS this year sparked by a two-page private letter ruling that said a federal credit union could not offer a 457 deferred compensation plan to one of its executives. The April 9, 2004 letter in question went like this: the...

NEWPORT BEACH, Calif. - Bob Dorsa, the first president of NACUSO and appointed in 1997, stepped down from the position in November to focus on a credit union mortgage association he founded nine years ago, the American Credit Union Mortgage Association. Dorsa's move was part of a broader restructuring of...