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ALEXANDRIA, Va. - NCUA recently clarified that federally insured state-chartered credit unions (FISCUs) may only engage in business lending under the terms of NCUA's MBL regulation or a state member business lending regulation approved by the NCUA Board. In a July 2 opinion letter to John P. Smith, director of...

Given the option, most credit union CEOs would elect to eliminate paper from their day-to-day operations. Many of the benefits of a seamlessly integrated paperless environment are readily apparent. However, beyond the elimination of paper, the full benefits of a successful document management solution have not been well understood by...

MARLBOROUGH, Mass. - For the first time in 91 years, St. Mary's Credit Union is branching out of Marlborough. The $441 million credit union has recently purchased a 3,600 square-foot building in Northborough. The facility will be renovated as a full service branch featuring six teller stations and two drive-up...

Ventura County Credit Union, Calif., has named Peggy Pollard vice president of lending services. Fiscal Credit Union, Glendale, Calif., has named Don Turner vice president of lending; Tracey Marchand assistant vice president, sales and service; Avo Mkhitaryan lending manager; and Lisa Harmon-Collins assistant vice president, support services and compliance.

FRAMINGHAM, Mass. - Phishing schemes will cost financial institutions in the U.S. and abroad up to $400 million in fraud losses this year and are unlikely to abate without concerted efforts to improve e-mail security and authentication technology. That figure and assessment comes from a new report by Sophie Louvel,...

CLEVELAND, Ohio - The July 13 issue of USA Today featured the activity of the privately insured Faith Community United Credit Union as a supporter of the Consumer Federation of America's Cleveland Saves campaign. The credit union is a community development credit union and a leader in the National Federation...

Though the number of CURIA co-sponsors continues to grow, now at 61, still more than half of the states don't have co-sponsors. Here's a scorecard so to speak on the CURIA support broken down by state. Note the number of districts of course equates to how many representatives and thus...

NEW ORLEANS, La. -The Louisiana Credit Union League has recently recognized eight credit unions with Excellence in Marketing Awards for outstanding credit union marketing and communication efforts. The Louisiana Credit Union League's Excellence in Marketing Awards recognize outstanding credit union marketing and communications efforts - the best newsletter, best annual...