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Madison, Wis. and BASEL, Switzerland - Small financial institutions, including credit unions, around the world will have a competitive disadvantage if the provisions under the newly issued "Consultative Document Overview of The New Basel Capital Accord" (Basel II) are finalized, opined the World Council of Credit Unions. The document was...

TALLAHASSEE, Fla. - It's been three weeks since the Florida Credit Union League sent a South Florida daily newspaper, the Sun-Sentinel, a response to an editorial the newspaper ran last month calling for the taxation of large credit unions. The League is still waiting to see its response in print....

COLUMBIA, S.C. - The newest big threat on the Web is the Fizzer worm, which first appeared in the Far East last week and is now spreading through the Internet. Fizzer is considered a back-door Trojan virus, experts said, and spreads via a number of methods, including e-mail attachments and...

LENEXA, Kan. - The $40 billion U.S. Central Credit Union appears to have started 2003 off strong based on its first quarter financials. The corporates' corporate reported fee income of $4.1 million, up $0.4 million from the same period last year. The increase was driven by a rise in ACH...

WASHINGTON - The move toward online banking by small credit unions continues to gain traction, according to Callahan & Associates. In the last half of 2002, Callahan said, its figures show that 331 credit unions over $25 million in assets added Internet home banking, and that more than 100 of...

Langley Federal Credit Union, Hampton, Va., has selected Jason Kurz as its $5,000 scholarship recipient. Kurz was selected for his character and drive. New Bedford Credit Union, Mass., has awarded the first Alfred J. Mikus Scholarship to high school senior Holly-Ann Paiva. The scholarship was established to honor Mikus for...

WASHINGTON - Legislation amending the Soldiers' and Sailors' Civil Relief Act of 1940 was passed by the House May 7 by a vote of 425-0. H.R. 100, introduced Jan. 7, would rename the act the Servicemembers' Civil Relief Act and revise some civil protections that service members enjoy while on...

WASHINGTON-Congressman Clay Shaw (R-Fla.) introduced legislation April 30 to update the Internal Revenue Code to ease the tax burden on Subchapter S entities, including banks. As banks continue to lobby in support of their own tax relief, CUNA Vice President of Communications and Media Outreach Pat Keefe said the push...