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SPOKANE, Wash. - In its largest loan transaction to date, Spokane Teachers Credit Union is doing its part to preserve one of the area's historic fixtures. The credit union recently provided $4.37 million in financing for the 74,521-square foot Peyton Building, named for Colonel Isaac Peyton, a land developer who...

WILMINGTON, N.C. - John Paup, president/CEO of Cape Fear CU, was elected chairman of the gubernatorial appointed-North Carolina Credit Union Commission for 2004-2005. The commission has seven members, and Paup was appointed by Gov. Mike Easley in 2003. The NCCUC, a division of the State Department of Commerce, provides regulatory...

ALEXANDRIA, Va. - The Pentagon FCU Foundation received a $1,500 donation from the Armed Forces Financial Network (AFFN) to go towards the foundation's work in combating payday lending abuses of members of the U.S. armed forces. The grant specifically is earmarked for the Asset Recovery Kit (ARK) initiative that combines...

JEFFERSON CITY, Mo. - Judge Richard Callahan postponed until Aug. 4 at 3 p.m. reviewing motions filed by the bankers concerning credit union field-of-membership expansion. Judge Callahan was originally supposed to review the motions July 27, but Amy McLard, VP, public/legislative affairs for the Missouri Credit Union Association, said he...

DULUTH, Ga. - Georgia credit unions came in for some special TV exposure last month in a statewide Public Broadcasting System show requested by Georgia Credit Union Affiliates as a way to help pump up the CU message. "This was a great vehicle to present a favorable impression of credit...

TEMPE, Ariz. - Adopting what it says is a more traditional lending "concept," TruWest Credit Union is altering its "one-rate" policy on auto loans for new and used vehicles and also increasing limits and loan-to-value ratios on its home equity portfolio. "At one time we were particularly aggressive on used...

ARLINGTON, Va. - Three community development credit unions are among the very few credit unions to have been awarded support from the U.S. Treasury's Community Development Financial Institutions fund so far this year. The three, the $2.8 million Brookland FCU, headquartered in West Columbia, South Carolina; the $6.9 million Newrizon...

Thanks, Mike Welch, for the great column in the July 14th issue of Credit Union Times - "Some Things Never Change." It prompted me to check my archives. Back in 1966 when I became General Manager of the University Faculty CU in Madison, Wis., I was given a letter from...