ALEXANDRIA, Va.-When the NCUA Board approved the new incidental powers regulation, the credit union community cheered the move, but the rule did not actually change what federal credit unions already can do. The one major change was that federal credit unions are now allowed to receive compensation over and above...

HONOLULU - Now that the word is out about WesCorp's "consolidation" offer to PacCorp (CU Times Nov. 28), Hawaii CUs are starting to discuss the issue. Honolulu Federal Employees FCU President/CEO and PacCorp Chairman Warren Nakamura doesn't think it should be an issue at all. "Right now PacCorp is financially...

Corporate credit unions embraced technology in 2001. A number of corporates launched bill pay. Four corporates used their economies of scale to get a better pricing deal to offer its member CUs bill payment. This deal involved CenCorp, SunCorp, Empire Corporate, Southwest Corporate, all of which have launched their bill...

ANCHORAGE, Alaska - Effective Jan. 2, the 25-year old Alaska Credit Union League ceased operating as a staff-run organization and began being run entirely by volunteers, including its 13-member board of directors. League Chairman Sharon Kelly, president of Alaska State Employees CU, Juneau, denied rumors that the move to a...

HONOLULU - Deborah Kim, executive vice president of Hawaii State FCU, has become the first woman to be president of the state's largest credit union in its 65-year history. Kim took over the reins when former president Peter Leong retired on Dec. 7 after 10 years of service with the...

Three very well-known corporate CU CEOs announced retirement plans in 2001. They all were CEOs of corporates over $1 billion. * Dick Johnson will step down as CEO of WesCorp early next year. Johnson's storied credit union career is actually his second. He spent 30 years with the Marine Corps....

While it may seem like years ago, the majority of the dot-com failures in credit union land occurred in 2001. * Portal company MembersResources.com went out of business. The firm prided itself on its original content as a driving force behind member usage. Though it had over 100 CUs using...

Some truly dedicated credit union leaders passed away in 2001. Many were pioneers, offering things to the industry that are still valued today. This list is by no means complete, and Credit Union Times regrets the omission of any notable death not highlighted here. * Credit union pioneer Jack. A....