BALTIMORE, Md. - Now that the NCUA Board has approved Maryland's member business lending rule, the state Division of Financial Regulation is turning its attention to private insurance for the state's 11 credit unions. Maryland became the fourth state to have an NCUA-approved MBL rule. The agency approved the proposed...

SAULT STE. MARIE, ONTARIO- The grand opening of the Anishinabek Nation Credit Union is a historic moment that has been seven years in the making. Not only is it the first aboriginal financial institution ever chartered in the province of Ontario, but it is also the only credit union charterd...

TUKWILA, Wash. - Gary Oakland, president/CEO, Boeing Employees' Credit Union called the NCUA Board's rejection of the Petition for Rulemaking filed by the credit union "a major disappointment for the dual chartering system." Oakland said the effort by federally insured credit unions to create a more open and accountable system...

HOUSTON, Texas - CommonVision recently completed the development of VisionMonitor Interactive 2.0, an Intranet portal that it says is well-suited for credit unions. A free product download is available at www.visionmonitor.com. It allows aggregation of information to each user's desktop in a secure environment. Each user, group, or project team...

We're living in a new world that is changing at a record pace. Business plans that were strategically aligned with the marketplace just a few years ago may now be largely obsolete. Products that once made good business sense to offer are now being challenged by fierce competition and intense...

WASHINGTON-Congressman Paul Kanjorski (D-Pa.), a strong credit union supporter, may be in for a tense race next year, so the Credit Union Legislative Action Committee of CUNA (CULAC) contributed $9,000 to his campaign last month. Pennsylvania is not finished drawing up the redistricting lines, but, according to CUNA Political Director...

MANCHESTER, U.K. - Credit unions in the U.S. aren't the only ones being told to comply with the Office of Foreign Assets Control (OFAC) regulations. Credit unions in the United Kingdom have been asked to check their membership against a list of suspected terrorists. The Association of British Credit Unions...

FARMERS BRANCH, Texas - The Texas Credit Union League will keep its name. Based on the results of a survey and four focus groups, the League's Board of Directors voted not to change the name of the Texas Credit Union League. "We considered changing the name to something like Texas...