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ALEXANDRIA, Va. - NCUA sent out an Information Technology Security Alert on July 2 warning credit unions of potential vulnerabilities in Microsoft products that could leave them open to cyber attacks. NCUA particularly warned about known security holes in Microsoft's Internet Information Server and its Web browser, Internet Explorer. The...

OKLAHOMA CITY - Like a cheerleader getting behind his team, Oklahoma Bankers Association Chairman Douglas Tippens is urging Oklahoma bank employees to send letters to Oklahoma Senators Don Nickles (R) and James Inhofe (R) and their congressmen asking that they not support "the latest credit union power grab." Taking a...

BEAVERTON, Ore. - The Credit Union Association of Oregon's (CUAO) CU Advocate Subcommittee has approved offering two $500 Grassroots Scholarships to attend the national Hike the Hill in September. According to CUAO, the move is another way to get credit union advocates in front of members of the Oregon Congressional...

Like their U.S. counterparts, Canadian credit unions are member-owned, democratically-run not-for-profit cooperatives that operate based on the "people helping people" philosophy. Despite their many similarities, there are several unique characteristics of the Canadian CU system that U.S. credit unions are unaccumstomed to. Here are a few of them: * The...

ST. PETERSBURG, Fla. - PSCU Financial Services, the card servicing CUSO that serves over 500 credit unions that process their transactions with First Data, has recovered $11.1 million in fraud losses experienced by its members' cardholders, PSCU has announced. The company processed and closed 96,000 cases of card fraud in...

TORONTO - The Maytree Foundation's Immigrant Loan Program, which currently serves Ontario, seems like a natural for other provinces with large populations of newcomers to Canada, for example British Columbia. Stephanie Saunders, Maytree's communications coordinator, agrees the effort may indeed expand into other areas. But first the backers want to...

VANCOUVER, British Columbia - When Dave Mowat, president/CEO of Canada's largest credit union, Vancouver City Savings Credit Union - also referred to as VanCity- takes the podium at the NAFCU Annual Conference on July 15, he plans to not only welcome attendees to his city, but emphasize what he feels...

NEEDHAM, Mass. - Because radio frequency (RF) payment systems and RFID inventory tags are still in their infancy and often not fully understood by consumers, they have been subject to some occasionally nasty talk about violating consumer privacy. But they are two very different things. A recent report by TowerGroup...