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DETROIT - Industry analysts predicted U.S. auto sales would end 2003 with a strong finish, boosted in part by automakers' aggressive year-end incentive push. DaimlerChrysler AG's Chrysler company was the most aggressive of the Detroit Big Three, offering six-year, interest-free loans and advertising cash rebates of up to $6,000 on...

MADISON, Wis. - For the latter half of 2003, mutual fund companies saw their fair share of market timing and after-hour trading scandals but at least two of CUNA Mutual Group's MEMBERS Capital Advisors' funds weathered the fallout quite well. MEMBERS' Capital Appreciation Fund was up 29.01% for the year...

ALEXANDRIA Va. - A team from NCUA visited Columbia Community Credit Union the week of January 5 as part of the agency's ongoing investigation into whether the $600-million credit union properly handled its recent vote to change its charter. The agency acknowledged that the time required for the visit will...

COLUMBUS, Ohio - It's very rare in the credit union industry to get 100% agreement on anything, but corporates are showing they're all on the same page when it comes to Primary Financial. With the mergers of Mid-States and Minnesota Corporate and PacCorp and WesCorp, only 31 corporates remain, and...

WASHINGTON-The U.S. Small Business Administration has issued a policy notice to its 7(a) lenders stating that, until further notice, the program will not approve any more 7(a) loan requests. "SBA has encountered unprecedented demand for the 7(a) loan program. Due to this spike in demand, SBA is forced to take...

GLASGOW, Scotland - "Credit unions have an important role to play in helping us tackle financial exclusion," Scottish Executive Deputy Minister for Communities Mary Mulligan told the 300 delegates at the fall conference of the Association of British Credit Unions, Ltd. (ABCUL) held in November. The Scottish Executive oversees health,...

LANSING, Mich. - Ken Ross, the former vice president of regulatory and legal affairs for the Michigan Credit Union League, was named chief of staff by Michigan Office of Financial and Insurance Services Commissioner Linda Watters, effective Dec. 22. Ross will primarily be responsible for working with OFIS staff, a...

WASHINGTON - While only a small percentage of members have an Individual Retirement Account at their credit union, many more may be open to the possibility if more information was made available. According to a recent Callahan & Associates Web-based survey, only 5.2% of members have an IRA at their...