By ELAINE KINGOFF-BARR CU Times Editor-in-Chief WASHINGTON - Low mortgage rates last year were good news for credit unions' loan portfolios, especially when loan growth in other areas was soft. Coupled with a strong growth in savings, credit unions tended to hold onto fixed rate mortgages to build up their...

PHOENIX - A bill requiring credit reporting bureaus to provide copies of their reports to consumers whenever copies are sent to lenders has been introduced in the Arizona Legislature and is likely to draw the opposition of the Arizona Credit Union League. Credit unions would get stuck "paying the extra...

WASHINGTON - Well known credit union executive recruiter and speaker Mark Elliot is joining the boards of Callahan & Associates and CFS, Inc. CFS Inc. is the broker dealer subsidiary of Callahan's. It is a wholly-owned subsidiary of Callahan's. Elliot recently retired as a senior executive from TMP Worldwide, New...

ALEXANDRIA, Va.-NCUA released the new operating fee schedule for 2002 in its first Letter to Federal Credit Unions of the year (02-FCU-01). The rate increased by 4.36% over the 2001 rate. This increase was mainly due to pay comparability requirements, the biannual regional training conferences, and the drop in the...

MADISON, Wis. - Well the search for a CEO is over for CUNA Credit Union. After conducting a nationwide search, the CUNA Credit Union Board has appointed Kim Sponem President/ CEO. Sponem, with 12 years of credit union experience, replaces Mary Cunningham who moved to San Diego to head USA...

SAN ANTONIO, Texas - In a strategic move to increase the company's market share in the Midwest, Clarke American introduced a new series of share drafts with designs featuring three Midwest colleges - Kansas State University, University of Kansas, and University of Nebraska. The new products are featured in Clarke...

By PAUL GENTILE CU Times Editor SAN JUAN CAPISTRANO - Credit union people who have been itching to ask NCUA Chairman Dennis Dollar something about RegFlex or incidental powers but never had the chance, may get their chance during an upcoming Webcast. Dollar and Senior Staff Attorney Mike McKenna will...

allowing an FCU to engage in "high-risk" investment transactions if it is well-capitalized and able to manage the new investments; raise the cap on the amount of investments that a FCU may delegate to an investment advisor to control; require FCUs to do business with brokerage firms...