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In the midst of all the hubbub of Lake Michigan Credit Union wanting to become a bank to be able to operate under an allegedly more liberal charter, an irony has surfaced. Another good-size Michigan credit union has switched charters. USA FCU, a $580 million CU is now USA Credit...

ARLINGTON, Va. - Although no papers have been filed yet, some card industry observers expect that a small dispute between MasterCard and Discover/Pulse may end up heading into the courts. The PULSE EFT Association, which has a long-standing relationship with MasterCard, merged with Discover Financial Services on January 12. Discover...

WASHINGTON - The American Association of Credit Union Leagues (AACUL) held its 2005 Annual Meeting Jan. 26-29 in Palm Desert, Calif. The four-day conference at the JW Marriott Desert Springs Resort & Spa began with meetings of AACUL's various task forces such as the political involvement & grassroots task force,...

PASADENA, Calif. - Adding to the excitement of a record-high attendance at the 12th Annual Charter Schools Conference here Jan. 24-26 was the California Charter Schools Association's partnership with the California Credit Union, in nearby Glendale, to deliver much-needed products and services to California charter schools. With the number of...

CENTREVILLE, Va. - Credit unions' difficulty in cracking the 2% share of the mortgage market for some years is well-known, but Carteret Mortgage isn't ready to accept the inevitability of that. In fact, the company has designed a credit union program it says may be just the ticket the CU...

LAKE BUENA VISTA, Fla.-In a twist, former long-time Independent Community Bankers of America President Ken Guenther was scheduled to address NAFCU's CEOs Conference last week in Florida. Guenther's segment of the program was entitled, "The Banking Perspective." He is currently running his own consulting firm. Conference attendees will also hear...

KENTWOOD, Mich. - CU*Answers said it is going into 2005 on the heels of one if its best years yet, having signed 11 new clients to its CU*BASE processing system in 2004, representing more than 110,000 new members. There now are 106 credit unions on the platform, says the Kentwood-based...

ALEXNDRIA, Va. - NCUA recently gave the go-ahead to a federally-chartered credit union wanting to use split dollar life insurance to fund employee benefit obligations. The FCU said the split dollar arrangement is owned by the employee and paid for by the FCU. The FCU treats the split dollar arrangement...