ALEXANDRIA, Va. -NCUA recently issued a legal opinion preempting the New Mexico Home Loan Protection Act. Following a request from New Mexico Credit Union League Director of Governmental Affairs Tracey Rock, NCUA Associate General Counsel Sheila Albin wrote a legal opinion letter (04-0147) stating that the law, which addresses predatory...
TULSA, Okla. - Tulsa Teachers Credit Union has awarded members a bonus dividend of $1.53 million. Nearly 30,000 members received a bonus dividend. The largest dividend paid to one member totaled $2,499. TTCU serves some 72,000 members and has over $623 million in assets.
I enjoyed Paul Gentile's article entitled, "Corporates Look to Debunk Some Myths of Check 21" in the February 11 issue of Credit Union Times. The article made it very obvious to me what many corporate credit unions are doing to ensure that their member credit unions know what Check 21...
An article in the Feb. 18 issue, "Close to Billion Dollar CU Takes First Step Toward Becoming Bank; Move Would Cap Strong Recent Growth History" and which quoted Michigan Credit Union League President/CEO David Adams, inadvertently featured a photo of Dennis Adams, president of American Share Insurance. This is the...
MCLEAN, Va. - Nearly half - 45% - of loans owned by Freddie Mac that were refinanced in the fourth quarter 2003 resulted in new mortgages at least 5% higher in amount than the original mortgages. This compares, Freddie Mac's quarterly refinance review shows, to an upwardly adjusted 34% of...
WEST PALM BEACH, Fla. - The days of credit unions being too timid or inexperienced to meet with elected officials are long gone. CUs have honed their lobbying skills and learned to apply them confidently to state and federal legislators. When they're not in Washington, D.C. involved in Hike the...
CEFCU, Peoria, Ill., has awarded seven CEFCU Member Appreciation Scholarships to recognize Bradley University undergraduate students' outstanding academic achievements. The recipients include Melissa Baker, Douglas Cooper, Jeffrey Heigert, Phillip Kunz, Jeron Sanders, Amanda Vicary, and Laura Wiggers. Each of the seven recipients received a $4,000 scholarship to Bradley University for...
SAN ANTONIO - Firstmark Credit Union has launched its first Educator's Scholarship program. Designed with full-time Kindergarten through 12th grade teachers in mind, Firstmark CU will award 10 scholarships of $500 each. The scholarship is open to both public and private school educators. "We know that teachers always need more...
When it comes to credit union CEOs' extended furry family - once was not enough. Last year in the special NAFCU Annual Conference issue (July 23, 2003), Credit Union Times featured CEOs and their pets. Since then other CEOs have volunteered info on their animals, so here's another edition of...
WASHINGTON - The office of Federal Housing Enterprise Oversight (OFHEO) which regulates the housing Government Sponsored Enterprises Freddie Mac and Fannie May awarded a contract to Deloitte & Touche LLP to supplement the agency's efforts to conduct a special examination of accounting policies and practices at Fannie Mae. The contract,...