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WASHINGTON-House Judiciary Committee Chairman Jim Sensenbrenner (R-Wis.), also the bankruptcy reform conference committee chairman, thanked NAFCU for its support and hard work on the Bankruptcy Abuse Prevention and Consumer Protection Act (H.R. 333). "As you know, the time for bankruptcy reform legislation is long-overdue," Sensenbrenner's letter read. "The conference report...

MADISON, Wis. - CUNA Mutual Group employees joined CMG President/CEO Mike Kitchen on Sept. 11 in a solemn observance marking the first anniversary of the 9/11 terrorist attacks. Employees at remote locations were linked to the ceremony through teleconference and audioconference capabilities. "I will remember September 11 for the rest...

MADISON, Wis. - CUNA's recent reorganization of its fee-based operations was in part designed to get its sales and marketing strategy out of the `80s and into today. "What was lacking in terms of our sales and marketing is we had an organization that had been designed to operate in...

A viable dual chartering structure has been a cornerstone of our credit union system in this country since its earliest years. By "dual chartering" I mean not only the facts that credit unions have a choice of state or federal regulation, but that state and federal credit unions, as well...

SAN FRANCISCO - VISA USA processed more debit transactions than credit transactions in the first six months of 2002, a first for the San Francisco based credit card association which has recently become a firm. The payment card association processed 3.04 billion purchases made on Visa check cards, its signature-based...

SALT LAKE CITY - Mountain American CU has taken its online mortgage product to the next level. Now, in addition to being able to apply for a mortgage online, members can expect to get an answer back on their application within a couple of minutes. MACU members can apply online...

WASHINGTON-Bankruptcy abuse reform sounds like a laudable goal. Credit unions have shown near unanimous support for it. Financial publications have devoted gallons of ink to it. But who really understands precisely what is in the bill? U.S. Bankruptcy Court for the District of Illinois Chief Judge Eugene Wedoff has completed...

ENGLEWOOD, Colo. - Reed Data Inc. has agreed to use Liberty Cavion to host the storage-solution specialist's online-application servers, furthering a strategic relationship that began earlier this year, the companies said. Englewood-based Liberty Cavion, which serves 130 credit unions, will give Utah-based Reed Data (which has 400 credit union clients)...