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WEST PALM BEACH, Fla. -First Entertainment Credit Union CEO Charles Bruen, who is also chairman of the California Credit Union League's task force on alternative sources of capital, defended credit unions' tax-exempt status in a letter to the editor responding to an October 2001 U.S. Banker article entitled Endangering The...

ARLINGTON, Va.-Call it fate or destiny, but NAFCU Chief Economist Tun Wai was meant to live to serve credit unions. Wai checked out of the Marriott at the World Trade Center September 10. His flight out of LaGuardia Airport was cancelled due to weather but instead of returning to his...

New technologies continue to be released to consumers and businesses at a rapid pace, and as the technologies are adopted and prices fall, credit union executives may find themselves facing what can be called the "technology trap," which is purchasing technology for technology's sake. Conveniences such as online, real-time access...

ALEXANDRIA, Va.-While CUNA and NAFCU expressed their support for the flexible examination schedule in conjunction with quarterly 5300 reporting, both wrote in official comment letters that smaller credit unions need additional flexibility. The trade associations pointed out that the new exam schedule would have benefits not only for credit unions,...

BURNS, Ore. and EUGENE, Ore. - Harney County Federal Credit Union and O.U.R. Federal Credit Union will receive nearly $700,000 in grants under the Community Development Financial Institutions Fund offered by the U.S. Department of the Treasury. Awarded to non-governmental organizations whose primary mission is to provide loans or investments...

COLUMBIA, S.C. - Computer crimes - including viruses, worms and denial-of-service attacks along with actual theft of information and assets - continue to soar, and while a price tag is hard to place on the damage, there is an intangible cost that credit unions particularly should fear, experts say. "Members...

CHICAGO - A newly released joint study by Credit Union Service Corporation, Financial Service Centers Cooperative, Inc., and Service Centers Corporation, the three leading shared branch networks, finds that the most likely users of a shared branch are in their thirties with a credit union checking account and direct deposit....

SALT LAKE CITY - Credit union data processor Computer Consultants Corp. here believes it is the first CU data processor to integrate the new Metro 2 credit bureau reporting requirement into its core system, Mercury. CCCorp, which serves about 1,000 CUs, has added Metro 2 within its new Windows-based Mercury...