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WASHINGTON - Credit unions may not qualify as independent financial counselors for mandatory credit counseling under bankruptcy reform said CUNA in a letter to the Office for U.S. Trustees. Pending bankruptcy reform legislation would require credit counseling of debtors before filing for bankruptcy. Because of their vested interest in seeing...

ALEXANDRIA, Va.-The NCUA Board released its key suggestions for regulatory relief contained in a letter to House Financial Services Chairman Mike Oxley (R-Ohio) last week. Oxley wrote letters to each of the federal financial institution regulators last month requesting recommendations for regulatory relief, which he is expected to parlay into...

Lockheed Federal Credit Union, Burbank, Calif., has named Phil Hart executive vice president/chief financial officer. Safe 1 Credit Union, Bakersfield, Calif., has appointed Pat Laski board director. Denver Postal Credit Union, Arvada, Colo., has named Sundie Seefried-Charpentier president/CEO. MaPS Credit Union, Salem, Ore., has named Kenneth M. Becker controller and...

PORTLAND, Ore. - Northwest Corporate Credit Union hit an all-time asset high of $1.281 billion as of August 31, 2001. This is the highest asset tally in the corporate's 23-year history, and is an increase of more than $100 million over total assets at June 30, 2001. "These record levels...

PLANO, Texas and LOS GATOS, Calif. - EDS announced recently that it will offer its clients streaming technology solutions from Streaming21, which empowers users to transmit and play digital video and audio over Internet and broadband networks without having to wait until a file is downloaded. Some CUs are currently...

I just finished reading Brian McDonnell's comments on some of the Renaissance Commission recommendations (CU Times, August 22). I respect Brian for his candor. As CEO of a somewhat smaller credit union, I have a few candid comments too. It seemed odd from the beginning that this whole parade of...

PORT NECHES, Texas - It's hurricane season again, and those living in "hurricane territory" are paying close attention to their weather forecasts. Texans take the threat of hurricanes seriously. The third deadliest hurricane to hit the western hemisphere in recorded history struck Galveston, Texas on Sept. 8, 1900, killing approximately...

NEW YORK - Citing "integrity concerns," Citigroup Inc., suspended business with more than 3,600 brokers who used to do business with Associates First Capital Corp., a subprime lender acquired last year by the banking conglomerate. Referring to a company internal memorandum, the Wall Street Journal reported that Citigroup has severed...