New York Senator Thomas Morahan (R-Westchester/Rockland) has withdrawn his bill to tax federal credit unions in the state.

On the verge of finalizing a 51% buyout of Atlanta-based Credit Union Service Corp., CO-OP Financial Services disclosed Wednesday a series of expansion moves including plans for an ATM pact with Costco Wholesale Corp. patterned after its ongoing 7-Eleven hookup.

Fidelity National Information Services said it has acquired AssetExchange.

The Government Accountability Office study released today found that banks wrote off more than $100 billion off their taxes in 2004 and took tax credits of another $6 billion.