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HARRISBURG, Pa. - In what it describes as "an effort to streamline the organization and to better prepare it to meet future challenges," the Pennsylvania Credit Union Association has restructured its senior staff. Named to the Executive Management Team are: Jim McCormack, president/CEO; Bob Hinchey, executive vice president, fee services;...

LITTLE ROCK, Ark. - Banks and credit unions here have found a common cause - a battle against a proposed state tax on services, including a wide range of banking activities. If passed, HB 1029 and HB 1030 would tax fees for transferring funds from one account to another, stop...

WASHINGTON-Senator Mike Crapo (R-Idaho) will be taking charge of efforts to determine language for a financial services regulatory relief bill in the Senate. Though a timeline has not been established, according to NAFCU Director of Legislative and Political Affairs Brad Thaler, Crapo's staff has expressed interest in getting it done...

LAS VEGAS - Nevada Federal Credit Union has staked its claim in a new $120 million office/retail complex currently under construction. The $678 million credit union is the first announced tenant of the "Rainbow Sunset Pavilion" and will occupy 2,000 square-feet. The 23-acre site will be comprised of 12 buildings...

BOSTON - Kessler Financial Services, long considered a brokerage firm with ties to credit card giant MBNA, should more properly be understood as MBNA's business development arm when it is working with credit unions, according to Steven Fuld, Senior Vice President of the Boston-based company. "In the area of affinity...

VANCOUVER, Wash. - While it is still too soon to make predictions, it appears that members of Columbia Credit Union opposed to its attempt to become a mutual bank may succeed in preventing the proposed move. Columbia's membership voted narrowly in the fall of 2003 to change the CU's charter...

WASHINGTON-Comptroller of the Currency John Hawke will undergo surgery for prostate cancer Jan. 30. He is expected to make a full recovery but will have to take some time out of the office, according to OCC Spokesperson Kevin Mukri. Hawke will travel to New York City for the surgery at...

SACRAMENTO, Calif. - Despite some $4.6 billion in cuts proposed by California Gov. Arnold Schwarzenegger in his 2004-2005 budget, the state's Department of Financial Institutions (DFI) came away with an increase in both funding and personnel. Schwarzenegger's $99.1 billion spending plan calls for an increase of $1.9 million and 20.9...