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LATHAM, N.Y. - They come in bundles of 50, 60, 70 a day. They require hours of time to investigate and process. They are subpoenas seeking information on financially delinquent individuals, and they're causing a major headache for many of New York's credit unions. "It's basically a fishing expedition by...

Indiana Credit Union Foundation, Indianapolis, has re-elected Barbara Berghoff as board director and Ron Budzinski board chairman. CUES, Madison, Wis., has promoted the following employees: George Hofheimer to vice president/chief learning officer; Dennis Porter, vice president/chief financial officer; Krista Korfmacher, vice president institutes, conferences, meetings; Holly Poast, vice president products/services;...

WASHINGTON - Churches now have the ability to invest their staff pension plans in collective trusts. On Oct. 25, President Bush signed the Church Pension Plan Fairness Act, introduced by Rep. Judy Biggert (R-Ill.). Church pension plans have the same investment opportunities as other pension plans except that securities laws...

CHARLOTTE, N.C. - The first Carolinas Cup Golf Championship, a fundraiser to benefit the Victory Junction Gang Camp for chronically ill and terminally ill youngsters, brought in $30,000, according to the Carolinas Credit Union Foundation. Teams from the North and South Carolina Leagues competed in the charity golf event held...

PHOENIX - Faced with an area that is as diverse as it is expansive, variety is the key to Desert Schools Federal Credit Union's marketing success. "I think the biggest challenge here is that with the expansion here in Phoenix there can't be a one size fits all approach to...

FAIRFAX, Va. - The board of directors of Credit Union Mortgage Association wanted to say thank you to their shareholders for making the last couple of years successful ones for the multiple-owned CUSO. At the Oct. 20th board meeting, the CUMA Board declared a special dividend of 18-cents a share...

WALLINGFORD, Conn. - Corporates don't have to become owners in CU Business Group to benefit from the CUSO's business services. In a first for the CUSO, the $1.6 billion Constitution Corporate will market CU Business Group's products to its credit union members. So far CU Business Group has been growing...

NORWALK, Conn. - The wording surrounding when and how securities can be sold to meet liquidity needs or are used as part of a credit union's risk management program is up for interpretation under a Financial Accounting Standards Board (FASB) proposal. Under its "The Meaning of Other-Than-Temporary Impairment and Its...