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WASHINGTON-Treasury Secretary John Snow recently announced that Robert Werner would serve as the new director of the Office of Foreign Assets Control. "It is with great enthusiasm that I welcome Bob Werner to the position of OFAC Director. His seasoned know-how will drive the office's superlative mission," Snow said. "Bob's...

BROCKTON, Mass. - Congressman Barney Frank (D-Mass.), ranking minority member of the House Financial Services Committee, recently endorsed HarborOne CU's sponsorship of "The Presidential Election 2004" newspaper supplement. The 16-page "Presidential Election 2004" supplement was initially developed by the Enterprise and Patriot Ledger through its "Newspapers in Education" program. HarborOne...

I want to thank Mike Welch for his timely comments about CU CEO compensation in the Sept. 29 issue, "New Breed of CU CEOs Have Come on the Scene." I am in the middle of trying to determine what is adequate and reasonable compensation for our CEO. Welch's thoughts have...

MADISON, Wis. - The CUNA Marketing & Business Development Council is on the lookout for a few outstanding Marketing and Business Development professionals of the year. Nominations for Business Development Professional of the Year and Marketing Professional of the Year will be accepted until Dec. 10. Winners will be announced...

MADISON, Wis. - A recent CUNA survey finds that credit unions should expect an uptick in employee turnover rates. According to the 2004 Complete Credit Union Staff Salary Survey, while average annual pay increases for credit union employees continue to decline, if the economy picks up steam in 2005 labor...

MidWest Financial Credit Union, Ann Arbor, Mich., has named Eric Pless senior vice president of business development. In addition, MidWest Financial CU has promoted the following employees to member service supervisor: Michael Bauer, Gautam Kamalapurkar, Bradley Smith and April McRae. Bayer Federal Credit Union, Elkhart, Ind., has named Johanna Braniff...

ARLINGTON, Texas - Security One Federal Credit Union has tapped area high schools to make a memorable grand opening of its South Arlington branch. The event kickoff included Bowie High School cheerleaders and its award winning drumline and the local Seguin Starline dance team and drumline. "The community here is...

WASHINGTON-A Memorandum of Understanding has been reached between Treasury's Financial Crimes Enforcement Network, NCUA, and the federal banking regulators establishing information sharing procedures between the agencies and FinCEN. "The enhanced collaboration will help FinCEN better administer the [Bank Secrecy Act] while simultaneously assisting the regulators to better fulfill their roles...