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GREAT BARRINGTON, Mass. - The average American spends more than a quarter million dollars on automobiles over the course of their driving lifetime. That figure, reported by the American Institute for Economic Research (AIER) and which includes vehicles, fuel, insurance, maintenance, repairs, and license and registration fees, is twice what...

MANHATTAN BEACH, Calif. - 2005 kicks off with a new addition at Kinecta Federal Credit Union - John Carson, CPA has been named senior vice president/chief financial officer. Prior to joining Kinecta, Carson held the position of executive vice president/chief financial officer at San Diego-based USE Credit Union. A former...

ATLANTA - Like many state banking groups, the Georgia Bankers Association said it will continue to lobby against expanding business lending powers for credit unions. In March 2004, the GBA joined other states in backing a House of Representatives proposal to re-examine the tax exemption for CUs, the Atlanta Business...

WASHINGTON - Some credit unions managed to navigate around the historically slow membership growth that plagued 2004. According to Alix Patterson, vice president, marketing and communications for Callahan & Associates, Inc., there are four key factors that can drive membership growth. Based on research the firm has gathered, several common...

INDIANAPOLIS - FORUM Solutions plans to soon introduce a new version of its TAPS Enterprise Lending Application that will integrate with a wide variety of databases and other applications to sharply cut deployment time, the CUSO says. FORUM Solutions is a wholly-owned CUSO of FORUM Credit Union. Its Total Account...

ANN ARBOR, Mich. - To speed up the lending process, Michigan Business Connection has aligned with Bankers Systems, Inc.'s Rembrandt Lending System. MBC, which became a legal entity in March 2004 and began serving members in August, has amassed more than $3 million in business loans, according to William Beardsley,...

MCLEAN, Va. - A recently released survey from the National Automobile Dealers Association's Industry Analysis Division shows 94% of new car and light truck dealerships have Web sites - up slightly from 93% in 2003 and 74% in 1999. Of these sites, 98% are interactive with most allowing consumers to...

HOUSTON - In retrospect, 2004 was a good year for Credit Union Acceptance Corp. But several of the factors that made it successful for the indirect lending CUSO may get 2005 off to a slow start for the company. CUAC, which was founded in 1998 by eight Houston-based CUs, added...