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FORT COLLINS, Colo. - It seemed simple enough eight years ago when Norlarco CU decided to open a branch in Estes Park, a small growing mountain community located at the mouth of Rocky Mountain National Park. But the credit union finally bit the bullet recently - it owned up to...

WASHINGTON-Personal bankruptcy filings in federal courts dropped 2.6% during fiscal year 2004 (the 12-month period ending Sept. 30). According to a report from the Administrative Office of the U.S. Courts, personal bankruptcies fell from 1,625,813 as of Sept. 30, 2003 to 1,584,170 at the same time this year. "Despite the...

WASHINGTON-Timothy S. Bitsberger was sworn in Dec. 6 as Treasury's Assistant Secretary for Financial Markets. Bitsberger has served as acting assistant secretary for financial markets since July 16, 2004. He was appointed to serve as deputy assistant secretary for federal finance in October of 2001. In his new post, Bitsberger...

HARRISBURG, Pa. - The Pennsylvania Credit Union Association turned 70 years old Dec. 8. The constitution and bylaws of the Pennsylvania Credit Union Association were signed in 1934 by 14 credit union representatives including H. Andrew Hanemann, the founder of Pennsylvania State Employees CU. He was subsequently elected as that...

Gift cards seem like a harmless product for credit unions to offer, but credit unions need to keep a close eye on potential regulatory issues that have been raised. Page 28.

COLUMBIA, Md. - The credit union league bandwagon on rolling out cooperative advocacy/awareness ads on TV and radio goes into high gear next month-just in time for the start of state legislatures. The latest to announce ad campaigns are the Maine and Maryland Leagues which report raising donations to start...

WASHINGTON-During a Consumer Federation of America conference on personal finance Dec. 2, Congressman Paul Kanjorski (D-Pa.) said that subprime lending would be a high priority for the House Financial Services Committee in the coming Congress. The committee, of which Kanjorski is the ranking member, plans to focus on more disclosures...

RALEIGH, N.C. - State Employees' CU has partnered with Hertz Car Sales to make quality, late-model used vehicles available to the CU's more than one million members to buy at a reasonable cost. In addition, the $12 billion SECU has taken further steps to make it easy for members to...