AUBURN, Mass. - The first corporate credit union turns 70 this year, and its relatively new CEO says this small corporate is ready to make some noise in the network. With a stroke of the pen back in 1932, the Massachusetts state legislature formed the nation's first corporate credit union....

JEFFERSON CITY, Mo. - A Missouri judge has refused to grant the Missouri Bankers Association standing in a credit union field of membership expansion case. Judge Byron L. Kinder, a judge of the Cole County (Jefferson City) Circuit Court ruled Jan. 29 that the Missouri Bankers Association and the Century...

WASHINGTON-Senate Banking Committee Chairman Paul Sarbanes (D-Md.) has announced hearings February 5 and 6 on "The State of Financial Literacy and Education in America." Treasury Secretary Paul O'Neill, Federal Reserve Chairman Alan Greenspan and Securities and Exchange Commission Chairman Harvey Pitt are scheduled to testify on the first day. The...

WASHINGTON - The Federal Reserve Board approved regulatory changes the agency said are intended to improve the quality and consistency of data collected on home mortgage loans. The amendments to Reg C which implements the home Mortgage Disclosure Act (HMDA), require lenders to disclose pricing data on higher cost loans,...

Michigan Credit Union League, Northville Township, has announced that the MCUL Legislative Action Fund and the MCUL Action Fund political action committees have set an all-time record in their 2001 fund-raising. The final tally for 2001 Political Action Committee fund-raising for MCULLAF/MCULAF is $230,003.35, which represents 115% of the $200,000...

WASHINGTON-Partisanship was on obvious display during last week's Senate Banking Committee hearings on the progress of the implementation of the USA PATRIOT Act's terrorist financing provisions. Several lawmakers were invited to express their opinions on the progress, as well as representatives from Treasury, the Federal Reserve Board, and others. The...

Corporate America CU (AL)

MOON TOWNSHIP, Pa. - US Airways FCU, the fifth largest credit union in the state based on assets, merged with Ohio Valley General Hospital FCU, effective Jan. 1, 2002. US Airways FCU will retain the office formerly owned by OVGHFCU in McKees Rocks. US Airways FCU has approximately 98,000 members...