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Peter Westerman | January 01, 2002

CEFCU, Peoria, Ill., has named Mark Spenny to vice president of CEFCU Financial Services, Inc. Affinity Plus Federal Credit Union, St. Paul, Minn., has named Dean B. Kloeckner financial advisor and Craig E. Lindstrom financial advisor.

AWARDS

Peter Westerman | January 01, 2002

Missoula Federal Credit Union, Mont., has been bestowed the Special Contribution to the System Award by the Montana Developmental Disabilities Planning and Advisory Council. The council annually awards individuals and agencies that make a positive impact on the lives of people with developmental disabilities. The credit union was recognized for...

Commentary

Looking ahead: some predictions for 2002

Peter Westerman | January 01, 2002

Since this is the first issue of Credit Union Times for the new year, here are my credit union predictions for 2002. As the overall economy improves throughout the next 12 months, I predict that credit unions will produce some impressive numbers in all key areas. This includes substantial growth...

Split would start damaging slippery slope

Peter Westerman | January 01, 2002

In a recent opinion piece, NCUA Board Member Yolanda Wheat hit the mark in asserting that splitting the credit union federal insurer from its regulator would cause much more harm than good ("Splitting NCUA/NCUSIF would create new problems," (CU Times, Dec. 12, 2001). In fact, she observes that if the...

Buckham to succeed Schafer in NCUA corporate top spot; U.S. Central granted waiver

Peter Westerman | January 01, 2002

ALEXANDRIA,Va. - There were two corporate CU items covered in NCUA's December closed board meeting. NCUA approved a request from U.S. Central to waive certain provisions of Part 704, the corporate reg. The waiver allows U.S. Central to invest in asset-backed commercial paper with a minimum short-term credit rating of...

Rise in long-term Treasury rates keep mortgage rates up

Peter Westerman | January 01, 2002

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News

NASCUS conference worth the wait

Peter Westerman | January 01, 2002

After two reschedulings due to date conflicts and Sept. 11's attacks, the NASCUS 2001 Annual Conference & Symposium got underway in Dana Point, Calif. Dec. 14-18. See pages 17-19.

CAP dominated, but NCUA Board covered a lot more ground in December meeting

Peter Westerman | January 01, 2002

By SARAH SNELL COOKE CU Times Washington Reporter ALEXANDRIA, Va.-In all the talk about the repeal of the Community Action Plan, it was easy to forget that anything else was accomplished at NCUA's December board meeting. In fact, several other items appeared on the agenda. The NCUA Board unanimously approved...

Congress unlikely to adjourn until 2002

Peter Westerman | January 01, 2002

WASHINGTON-Congress is unlikely to formally adjourn until it is required to on Jan. 3, 2002, according to NAFCU Associate Director of Legislative Affairs Brad Thaler. Congress will probably remain in a pro forma session until that date, when it must adjourn and begin the second session. The move will make...

Former OTS Director to work on the Hill

Peter Westerman | January 01, 2002

WASHINGTON-Former Director of the Office of Thrift Supervision Ellen Seidman will be starting full time in January as counsel to House Financial Services Committee Ranking Member John LaFalce (D-N.Y.). "It is an honor and a wonderful opportunity to join Mr. LaFalce and the Committee staff," Seidman said. "After many years...

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MIDWEST

AWARDS

Looking ahead: some predictions for 2002

Split would start damaging slippery slope

Buckham to succeed Schafer in NCUA corporate top spot; U.S. Central granted waiver

Rise in long-term Treasury rates keep mortgage rates up

NASCUS conference worth the wait

CAP dominated, but NCUA Board covered a lot more ground in December meeting

Congress unlikely to adjourn until 2002

Former OTS Director to work on the Hill

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