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WESTBROOK, Maine - Talk about free advertising. Recent big bank mergers have been a boon for credit unions here. According to several reports aired recently on Maine media outlets, Maine consumers are being advised to explore using a credit union for all of their financial services. One report stated, "With...

Former NCUA Chairman Dennis Dollar of Dollar Associates recently met with members of TruMark Financial Credit Union's board of directors to discuss how overdraft privilege programs help community chartered credit unions serve their constituencies. Pictured above (front row, from left) Joseph J. Bily, board treasurer; Dennis Dollar; Hugh T. Bray,...

ARLINGTON, Va.-NAFCU's research staff delved into issues related to Check 21 in its latest Flash Report survey as the Oct. 28 implementation date draws closer. Only 1.4% of Flash respondents-a sampling of about 100 NAFCU member credit unions-said they return the original share drafts to their members. Most respondents (94%)...

WASHINGTON - The SBA isn't wasting any time fulfilling requests from small business owners who suffered losses as a result of Hurricanes Charley and Frances. At press time, the SBA had already approved 1,217 Economic Injury Disaster Loans totaling nearly $39 million for Hurricane Charley. Of that amount, 969 were...

BARRE, Vt. - Level 9, a provider of Web site services to credit unions, is now offering several site options as a la carte plug-in options. The company calls them Practical Plug-ins. The company says the plug-ins are designed to improve member service and extend the service life of Web...

HIGHTSTOWN, N.J. - Investments in the New Jersey Credit Union Foundation (NJCUF), a corporate arm of the New Jersey Credit Union League, have exceeded more than $4 million since it was created almost a year ago. As a result of its successful fundraising efforts, the NJCUF is preparing to distribute...

With shrinking margins, competition, product demands and the regulatory climate, the credit union industry has looked for additional avenues to contribute to the bottom line as well as search for complementary ways to deliver value to their membership. It has become increasingly clear, during the last two years, that member...

SAN FRANCISCO - Perhaps as a sign of the times, CMG Mortgage Insurance Company (CMG MI) has launched a new program to protect those credit unions that are lending a helping hand to members' post-hurricane rebuilding efforts. "The recent hurricanes in the Southeast prompted us to design and launch this...