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OGDEN, Utah - The three Utah credit unions named in the American Bankers Association's July 15-suit challenging NCUA's field of membership authority are apparently moving ahead with branch plans despite the legal cloud. The $2.6-billion America First Federal Credit Union, the state's largest, said "we are proceeding on the same...

WEST PALM BEACH, Fla. - While almost 45% of participants in Credit Union Times just-expired voting poll said they were aware of the IRS' Unrelated Business Income Tax, over 26% of respondents didn't know the IRS was currently considering whether core CU products like credit insurance should be subject to...

WASHINGTON - The House Financial Services Housing Subcommittee, chaired by Rep. Bob Ney (R-Ohio) approved by a voice vote with no amendments a bill introduced by Rep. Gary Miller (R-Calif.) that increases affordable housing opportunities for low-income families. H.R. 1985, the FHA Multifamily Loan Limit Adjustment Act of 2003 would...

DENVER - First Data Resources, the card processor for a significant number of credit unions, has warned stockholders that clients of its ATM network subsidiaries may face conflicts with VISA and MasterCard if its pending merger with Concord EFS goes through. First Data revealed the possibility those credit unions and...

If you randomly surveyed any number of people throughout the United States and asked them to name one thing a credit union offers, a large percentage would more than likely respond by saying great auto loans. Throughout the evolution of the industry, members have consistently relied on their credit union...

ALEXANDRIA, Va.-While NCUA had estimated over $2.7 million in savings on average every year over the next 10 as a result of its streamlining from six to five regions, according to NCUA Region VI Director Melinda Love, chair of the Regional Transition Committee, NCUA's budget should shave a few more...

ALBUQUERQUE, N.M. - After turning back a banker-backed tax initiative last February, New Mexico credit unions are girding for possible new combat this fall on a proposal to impose a 5.85% sales tax on state-chartered CUs. Officials of the New Mexico Credit Union League said July 21 they hope to...

ONTARIO, Calif. - The spirit of cooperation, versus competition, marks the willingness of credit unions to accept other credit unions' member deposits at their ATMs, according to Jim Hanisch, executive vice president with CO-OP Network. CO-OP Network is the largest credit union-owned ATM network in the country with more than...