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WASHINGTON-The Financial Crimes Enforcement Network (FinCEN) began a study in late August of financial institutions, including credit unions, to determine the costs of filing Currency Transaction Reports (CTRs) and Suspicious Activity Reports (SARs), as well as the use of exemptions for the CTR process. Surveys were delivered via e-mail and...

The economic shift has played havoc with state governments, everywhere. The latest figures suggest that states will see a shortfall of $40 billion in revenue by yearend 2002 and the outlook is no better for 2003. In fact, according to a recent report released by the National Conference of State...

According to the trade associations, the ritual is an act of patriotism in deference to the red, white, and blue. Also, many of the largest credit unions are associated with the military. But what is the color guard? A color guard is comprised of a few soldiers, typically four, charged...

WASHINGTON-Following the September 11 terrorist attacks last year, several credit union organizations were forced to cancel their conferences and other meetings. While memories of that time still seem fresh a year later, the credit union community, like the rest of America, is going to continue with its business in 2002....

GREENSBORO, N.C. - When telemarketers interrupt dinner or a favorite television show, many people grumble, "There ought to be a law." In fact, legislation has been popping up at both the federal and state levels. Counting laws scheduled to go into effect this year, 20 states now have statutes aimed...

WASHINGTON-Senate Banking Committee Chairman Paul Sarbanes (D-Md.) announced a hearing last week regarding the value of financial literacy among college students. The hearing was scheduled for the morning of Thursday, September 5. "Beginning at first-year orientation, many college students receive credit card solicitations and over half acquire their first credit...

NEW YORK - Remarkably, nobody seemed aware that anything was wrong when Steve Sobotta, marketing director for Actors Federal Credit Union, stood on the train platform in Queens on the morning of September 11. "It was a beautiful day," he said, "and nobody on the platform was talking about anything...

SPOKANE, Wash. and TULSA, Okla. - The Washington and Oklahoma credit unions leagues will be holding their 2002 annual conventions on Sept. 11 - one year to the day after the terrorist attacks in New York City and Washington, D.C. "It's definitely been a challenge to have our meeting fall...