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WASHINGTON-In a recent letter to the Hill, CUNA wrote in support of legislation amending the Federal Home Loan Bank Act that would permit privately insured credit unions to join the Federal Home Loan Bank system. The bill, H.R. 2796, the Federal Home Loan Bank Membership Act of 2001, was introduced...

COLUMBUS, Ohio - Credit unions can stake a claim in urban areas, find a role in rural communities and, at the same time, make money at the expense of payday lenders and check cashers, Ohio credit union executives were told by a variety of speakers at the Ohio Credit Union...

RANCHO CUCAMONGA, Calif. - Meanwhile, six months later, the Washington, California/Nevada and Oregon credit union leagues jointly formed a non-dues based "super regional" organization to allow credit unions in the four states to share products and services. Called the CU Association of the West, David Chatfield, president/CEO, California and Nevada...

ARVADA, Colo. - SunCorp Corporate CU and Rocky Mountain Corporate CU merged. The merged corporate now has about $1.9 billion in assets. There was one very unique aspect of this merger. The corporates did not want to lose their branding momentum, so each maintained its own name in its FOM....

AFTRA-SAG Federal Credit Union, Studio City, Calif., President/CEO Glenn Ludwig gives his final bow when he retires on December 31. Ludwig served his credit union for 25 years and brought the CU assets up from $7.5 million to $135 million. AFTRA-SAG FCU serves over 25,000 members. Denali Alaskan Federal Credit...

WASHINGTON-Credit unions and other financial service providers faced another year of disappointment in not seeing the passage of the bankruptcy reform legislation in 2001. Lobbyists were fairly certain it would pass this year, but the events of September 11 shifted congressional focus from domestic issues to an international war on...

WALKERSVILLE, Md.-Activity in Washington jumped right out of the starting gates this year with immediate action on bankruptcy reform, an economic stimulus package, two new NCUA chairs, and many other credit union-related issues. Unfortunately, following the doldrums of the August congressional recess, news picked up again with the terrorist attacks...

OLYMPIA, Wash. - John Bley, the state's first director of the Department of Financial Institutions, announced his resignation from the state's top regulatory position. Bley said he had not made any formal decisions on the type of work he planned to pursue after his resignation. He said his decision was...