Texas Credit Union League, Dallas, has held an awards ceremony to recognize the dedication and achievements of four outstanding professionals in the credit union movement. GENCO Federal Credit Union President Billy F. Spivey has been named the "2001 Texas Credit Union Professional of the Year" and Texaco Community Federal Credit...

Recently, a well-known credit union economist stated that Fed rate cuts are good for credit union bottom lines because it increases the upward slope on the yield curve (a paraphrase). An examination of the graph exhibit shows a different reality. The chart shown here compiles Net Interest Income (NII) for...

MADISON, Wis. - It's not quite a doom and gloom scenario, but there's considerable concern in the industry about the number of credit union CEOs expected to retire in the next five years. CUNA Mutual says its new for-profit-like compensation product can give CUs another weapon in attracting and retaining...

Florida Commerce Credit Union, Tallahassee, has raised $4,615 for the 2001 March of Dimes during the WalkAmerica campaign. FCCU placed third in monies raised. With the help of credit union members, employees and volunteers sold special March of Dimes bean bag babies, paper sneakers, and solicited sponsor funds for the...

PHOENIX - After providing settlement and back office services for the Arizona Credit Union League Services Corp.'s member share draft program for almost 10 years, FirstCorp has taken the next step and acquired the program. As part of acquisition plan, the corporate credit union is planning to add image technology...

ARLINGTON, Va. - NASCUS is urging the Securities and Exchange Commission to amend its "Interim Final Rule, 12 CFR Parts 200 and 240, Definition of Terms in and Specific Exemptions for Banks, Savings Associations, and Savings Banks Under Sections 3(a)(4) and 3(a)(5) of the Securities and Exchange Act of 1934"...

ARLINGTON, Va. - It wasn't Bob Dorsa's imagination after all. NCUA's year-end 2000 CUSO stats looked suspiciously high to NACUSO's president, and now it turns out that Dorsa was right all along. As reported by Credit Union Times in the May 23 issue, Dorsa took a look at NCUA's year-end...

GEISMAR, La. - Disasters by definition are unexpected. As much as credit unions prepare for the `what ifs,' they're always left with a learning experience after they deal with a disaster. That's just the situation Geismar Complex FCU is finding itself in now while they continue to operate under make...