News

SARATOGA SPRINGS, N.Y. - Who says only branch openings should be celebrated? Saratoga's Community Federal Credit Union has kicked off a "$50's Madness" celebration to unveil its new ATM machine at the 23 Division Street branch. One thousand dollars worth of $50 bills were placed in the ATM's $20 bill...

RACINE, Wis. - Co-Operative Credit Union has broken ground on its new headquarters. Designed by the Redmond Company, a design/build firm, the new 40,000 square-foot facility will include such features as a four-lane drive-up and a drive-up automated teller machine and state-of-the-art security accommodations. Construction is expected to be completed...

WASHINGTON - Virginia Credit Union, a state-chartered $884 CU with 145,000 members announced recently that it would close its branches serving Roanoke and the campus of Mary Washington College in Fredericksburg. "The Roanoke branch was really something of an experiment for us," Kimberly Bolger, spokeswoman for the CU said. It...

NEW YORK - To stem the tide of employers relocating from lower Manhattan, the state of New York and New York City are offering selected firms portions of $500 million in incentives. The $500 million comes from federal aid, allocated after Sept. 11's terrorist attacks to preserve the strength of...

WEST PALM BEACH, Fla. -More than being bold, creative and fun, grand openings are about seizing the moment. "There is no better time than the opening of a new branch to focus the community's attention on your services, products and brand," said Catherine Hilpert, Design Build Concepts' Director of Communications....

NONE

Two of the most prestigious marketing awards programs in the industry - CUES Golden Mirror Awards and CUNA's Diamond Awards - recently announced their winners. For full coverage turn to pages 26-27, continued on page 50.

Many of the more popular fraud schemes are being played out in credit unions across the country. Here is a rundown of the top risks challenging credit unions in 2002: 1.