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BROOKFIELD, Wis. - According to documents filed with the SEC, Fiserv President and CEO Les Muma realized $11 million in gains after exercising over 370,000 stock options last year. Muma's salary last year was up to $815,000 compared to $775,000 in 2002, according to the filing. Another Fiserv exec, Kenneth...

MADISON, Wis. - The National Youth Involvement Board is hoping a new program will help financial literacy and credit unions take center stage with middle school students. NYIB, CUNA and the Minneapolis-based in-school touring group National Theatre for Children (NTC) have teamed up to offer a new multi-platform, in-school educational...

PLANO, Texas - Credit union data processor IntegraSys said it signed $25 million worth of contract renewals for its Premier service bureau system in the fourth quarter of 2003. The renewal figures are important for IntegraSys because it's an indication of how its CU clients feel about breaking away from...

Mike Welch's column in the Feb. 18 issue on Jet CU's problems ("White Hat Smudges Can Provide Valuable Lessons") is right on, but I think there is more in this sad story. Where was the Supervisory Committee? In New York State, CUs have elected Supervisory Committees (SC); this gives them...

WEST PALM BEACH, Fla. - Credit unions converting to bank charters has been one of the most controversial news stories of the last year. The battle at Columbia Community CU, the NCUA Board's recent final rule on member disclosures, and the potential largest CU-to-bank conversion ever in the $964 million...

WASHINGTON - Nearly two-and-a-half years after Congress passed the USA Patriot Act, findings from a USA Today/CNN/Gallup Poll survey show most Americans are still confused about the law's provisions and troubled by the implications. Among the survey's findings, a majority of Americans mistakenly believe the act authorizes military tribunals for...

Although I retired as president and CEO of Suncoast Schools Federal Credit Union nearly eight years ago, I continue to follow developments in the credit union movement with interest and pride, but also on occasion, a sense of disappointment. As I continue to read stories reporting the sale of credit...

LATHAM, N.Y. - Prior to Democratic presidential hopeful John Kerry's delegate win of New York, one of the nation's two most populous states, the New York State Credit Union League urged credit unions to make their presence felt on Super Tuesday. "The primaries remind us this is an election year,...