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Credit unions will likely be facing higher IT security expenses late this year as they implement new NCUA e-commerce procedures affecting online banking, according to the CEO of the $2.3 billion Pennsylvania State Employees CU.

Bill Myers is just as excited about the direction Alternatives Federal Credit Union is poised to go in as he is about leaving the financial institution he has led for nearly three decades. The president/CEO recently announced his plans to retire in June 2007 after 28 years at the helm....

The corporate credit union special report offers an up-to-date directory of the corporate network and more on pages 22-27.

NASCUS conference attendees will find NASCUS related coverage on pages 8 and 17.

o7,356 fall into the 0% reserve requirement o1,315 fall into the 3% reserve requirement (reserves = $419,024,606) o343 fall into the $1,164,000 + 10% reserve requirement (reserves = $3,002,637,805) o9,014 total FICUs with $3,421,662,410 in reserve oAt 2.75% (Fed funds rate), the annual interest would be $94,095,716.

Penny Reeves of St. Albert, Alberta was named to the WOCCU Board during its 2006 Conference in Dublin.

o7,123 fall into the 0% reserve requirement o1,162 fall into the 3% reserve requirement (reserves = $744,238,915) o332 fall into the $1,215,000 + 10% reserve requirement (reserves = $4,019,913,391) o8,617 total FICUs with $4,764,152,306 in reserve oAt 5.25% (Fed funds rate), the annual interest would be $250,117,996.

Unity One Federal Credit Union is taking a proactive approach to arming its members in the fight against identity theft with the LifeLock program.