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STAMFORD, Ct. - Stamford Municipal Employees FCU was approved by the state Department of Banking to convert to a state charter. The credit union will be known as Stamford Credit Union. It is the first federal-to-state charter conversion to be approved by the Department of Banking since the former Sikorsky...

Heritage Community Credit Union, Sacramento, Calif., has raised $1,608 for Families United, a non-profit foster family agency that recruits and trains foster parents to care for children whose families can no longer do so. Families United also provides counseling services for the children and their foster families. To raise the...

*11,000 check-cashing outlets nationally process more than 180 million checks worth roughly $60 billion each year; *Payday lending grew nationally from 300 stores in 1994 to more than 8,000 in 1999; *12,000 to 14,000 pawnshops operate nationwide outnumbering credit unions and banks; *Between 1993 and 1998, subprime loans grew from...

Until now, credit unions have taken baby steps in socially responsible investing. Still industry watchers say that despite the beating mutual funds have taken over the past year, SRI is on the upswing, and credit unions may be the next group it attracts. What are SRIs and what is their...

NEWPORT BEACH, Calif. - NACUSO President Bob Dorsa prefers to look at the glass half full when it comes to federal credit unions' expanded incidental powers. When he reflects on the NCUA Board's unanimous decision at its July 26 meeting to allow federal credit unions to apply for and add...

NEW YORK - On Aug. 8, 1971, two ordained ministers, a lawyer and a businessman launched the first socially responsible mutual fund, the Pax World Fund, which is now the Pax World Balanced Fund. Pax World Funds celebrated its 30th anniversary on Aug. 9 by issuing a report on the...

MADISON, Wis. - CUES' credit union executive compensation survey is well-known, but now the association said it is going to conduct its first-ever salary and bonus survey of credit union staff positions. CUES will partner with Survey Research Associates LLC, Madison, Wis., to survey more than 80 CU staff positions....

ST. PETERSBURG, Fla.-Acting NCUA Chairman Dennis Dollar told a group of agency managers last week that he would strive for a minimum 4% reduction in NCUA staffing. As autumn draws near, it's once again time for NCUA to consider its budget, which could be considerably affected by the move. Earlier...