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NEW YORK - Harlem-based Homesteader FCU is the first credit union in the Empire State to team up with New York City's Department of Housing Preservation and Development (HPD) and its Division of Anti-Abandonment (DAA) to help property owners with significant tax arrears keep their buildings by providing financing and...

As children, many of us had to pay for the misdeeds of our siblings. For example, if they stayed out too late, we inherited a strict curfew. Now, as the President of Nevada FCU, I see itsomething very similar happening with credit unions. Prompt Corrective Action (PCA) and its capital...

TARRYTOWN, N.Y. - Credit card offers dropped in 2002 due to concerns about war and uncertain economies, reported one card marketing and tracking firm, and have still not recovered completely. "The dip in credit card mail volume really hit in the 4th quarter, propelled by an uncertain economy and worries...

WASHINGTON-In an eleventh hour maneuver, the Department of Justice sent a letter to the House Judiciary Committee expressing its strong disapproval for the credit union exemption from the Hart-Scott-Rodino pre-merger filing requirements as included in the regulatory relief bill. On the evening of July 10, the House Judiciary Committee began...

It's beginning to look like the credit union issue de jour is about to change from bankruptcy reform to UBIT thanks to the increasing aggressiveness with which the IRS is going after state-chartered credit unions in more and more states. A lot has happened since I wrote a column on...

NASHVILLE, Tenn.-Even though NCUA Chairman Dennis Dollar's term has already officially expired, he is still working for the future of the agency. In an address to supervisory and management officials at the agency's bi-annual (odd years) supervisory conference recently, he called "for a new generation of NCUA leadership." Over the...

WASHINGTON-Keeping the escalating federal budget deficit in mind, the House Appropriations Subcommittee on Veterans Affairs, Housing and Urban Development and Independent Agencies marked up its appropriation legislation for fiscal year 2004 last week Included in the appropriations are the Central Liquidity Facility, Treasury's Community Development Financial Institutions Fund, and Treasury's...

The Friday night game between the Boston Red Sox and New York Yankees will have a 7:05 p.m. start, but first NAFCU has to feed everybody. The pre-game meal will be at Jillian's, a "typical eat and play place" said NAFCU EVP Diane Swenson, who did much of the planning...