News

For the sake of economy and messaging, Montana credit unions moved last week to begin serious coordination of resources, products and services among trade groups, CUSOs and Treasure State Corporate.

Apart from nursing blisters and sore knees, the "Team Little Guy" running squad of 12 credit union racers came through in fine shape after completing a grueling 208-mile relay mountain run raising $70,000 for Carolina charities.

While credit union liquidity is "tight by historical standards," it is still within safe and sound levels, CUNA reported in its September Monthly Credit Union Estimates for the month of July.

Cardtronics, the largest independent deployer of ATMs in the country and the parent firm of the Allpoint ATM network, has filed paper with the Securities and Exchange Commission indicating that it will make an initial public offering of stock.

The deadline to bring documents into compliance with the final nonqualified deferred compensation regulations under section 409A of the Internal Revenue Code has been extended to Dec. 31, 2008, the Treasury Department and Internal Revenue Service announced on Sept. 10.

Community banks and credit unions that use technology as part of their Bank Secrecy Act and anti-money laundering programs are much more confident in their compliance with BSA requirements than those financial institutions that rely on more manual approaches, according to a recent survey conducted by Wolters Kluwer Financial Services.