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WASHINGTON - Sixteen percent of the 2003 applications for funding from the U.S. Treasury Department's Community Development Financial Institutions Fund came from depository financial institutions, including credit unions, according to the Treasury Department. The CDFI Fund received 131 applications totaling $106 million in requested grants, but the agency has only...

FORT WORTH, Texas - State National Insurance Company is now available in all 50 states and the District of Columbia. New Hampshire has recently granted SNIC authorization to write fire, allied lines, marine, casualty, fidelity, surety, credit, mortgage guaranty, bonds, financial guaranty and liability-including workman's compensation. "Gaining approval in New...

WASHINGTON-The Federal Open Market Committee decided to maintain the federal funds rate target at 1 to 1.25% due to disappointing economic indicators from April. Production and unemployment proved disappointing last month, even taking the war in Iraq into consideration, according to a statement from the FOMC. "However, the ebbing of...

SAN FRANCISCO- Late in the evening of April 30, negotiators for VISA and the coalition of leading retailers reached a reportedly $2 billion settlement in their long-standing dispute over interchange rates and the honor all cards rule. VISA's settlement in the case follows by a day a similar settlement by...

ALEXANDRIA, Va.-A federal credit union employee cannot provide investment advice or affect securities transactions that would bring the employee or institution under federal or state securities laws, a recent NCUA legal opinion letter read. Unless, of course, they are a shared employee with a broker, dealer or adviser. "FCU employees,...

Sending a Credit Union Times reporter or correspondent to one of the hundreds of credit union meetings and conferences held every year involves a big commitment of time and budget. Yet, the decision regarding which ones to cover entails a much more important consideration. It's not location either. The educational...

MILWAUKEE - Paul Danola, a familiar name in the credit union data processing space, is joining Metavante Corporation, the financial technology subsidiary of Marshall & Ilsley Corporation, as EVP of its Financial Technology and Wealth Management solutions. Danola will report directly to recently named Metavante President and CEO Frank R....

I just read Mike Welch's April 16th column entitled, "Recognize Any of These CU Board Members?" and was surprised at the way in which he categorized typical past or present board members. While I can't speak for previous boards at my CU (I've only been CEO for 2 years), I...