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Hiway CU Cuts Costs, Sees Rise in Counseling

By Jim Rubenstein

ST. PAUL, Minn. -- In what it calls an enhanced and "innovative approach" to consumer counseling, the $705 million Hiway Federal Credit Union said Monday its year-old program with a Minnesota agency to offer free sessions and services including at home phoning has doubled participation and cut costs 40%.

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Government Makes First Filing In UBIT Suit

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Bear Stearns Sale Could Spell Opportunities for Credit Unions

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March 17, 2008

Patelco CU Opens Branch to Serve Latino Community

SAN FRANCISCO -- Patelco Credit Union celebrated the grand opening of its newest branch in Redwood City aimed primarily at serving the Latino community there.

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March 17, 2008

Hacking Attack at Former CU Spreading to Existing CUs

FORT WORTH, Texas -- The consequences of an ATM security breach at a former credit union bank has begun to spread to other credit unions, according to an article in the Fort Worth Star Telegram.

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March 17, 2008

Fed Rescues Bear Stearns With $2 Per Share Buyout by JP Morgan Chase; Lowers Rate

WASHINGTON -- Casting aside fears of the "moral hazard" of rescuing an investment bank that bet so heavily on mortgage backed securities, the Federal Reserve and US Treasury Department engineered a buy-out of Bear Sterns by JP Morgan Chase for a mere $270 million, or $2 per share.

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March 17, 2008

Symitar Lands LA Financial

PASADENA, Calif. -- LA Financial Credit Union is committing its core processing to the Symitar Episys platform from Jack Henry & Associates.

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March 17, 2008

Open Solutions Signs Mid-Atlantic

MIDDLETOWN, Pa. -- Mid-Atlantic Corporate Federal Credit Union will soon be running on The Complete Credit Union Solution: DNA, the new core processing system from Open Solutions Inc.

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March 17, 2008

On Site Coverage: Cal State 9 Bidding a Wait-and-See Game for Now

MONTEREY, Calif. -- Credit unions anticipating who will bid on Cal State 9's assets may have to wait awhile, based on talk among Big Valley conference-goers.

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March 14, 2008