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Being intimately involved with credit unions as closely as I have been for many years, it is not difficult to make a few candid observations from the Catbird Seat from time to time. Like these: After being touted as a slam dunk for appointment to the three-person NCUA Board spot...

ALEXANDRIA, Va. - Federal credit unions are basking in the glow of a much-anticipated rebound in lending for the first time since 2001. NCUA lending data from Jan. 1 through Sept. 30 shows lending increased 7.09% to $366.98 billion, the most significant expansion in nearly three years. The numbers are...

Manchester, U.K. and Dublin, Ireland - The European Union's (EU) proposed Consumer Credit Union Directive threatens European credit union loan programs because of costly new provisions. The Association of British Credit Unions, Ltd. (ABCUL) and the Irish League of Credit Unions (ILCU) are both actively lobbying Brussels, the seat of...

SOUTHFIELD, Mich. - Count the $3 billion CenCorp among the corporates offering products to help their member credit unions serve business accounts. Corporates jumped into business services last year when Northwest Corporate formed a business services CUSO. Later, Empire and FirstCorp joined the Northwest CUSO to bring business services to...

PETERBOROUGH, N.H. - Brookwood Capital, a relatively new firm on the credit union card portfolio brokerage scene, is reporting that, according to its research, 43 credit union portfolios of over $1 million were sold as of September 30, 2003. Six of the 43 had outstanding balances of over $10 million,...

* Chairman - Joe Brancucci, vp-chief lending officer, Boeing Employees CU; president/CEO, Prime Alliance Solutions

WASHINGTON-The majority of Americans admit they know little about credit counseling, particularly those who are most vulnerable to abuse. According to a new survey, commissioned by Consumer Federation of America and InCharge Institute of Americar, less than one-quarter (24%) know a "great deal" or "something" about credit counseling agencies. Consumers...

FLINT, Mich. - For an automotive credit union, the $223 million Financial Plus Federal CU is doing okay with a community charter after changing its name little more than a year ago. Indeed, the Flint-based CU, formerly West Side Auto Employees and which converted in September 2002, said it has...