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WASHINGTON-With five Fridays in the month, savings did grow faster than loans in October, but this is an anomaly and loans will far outpace savings by year-end, CUNA Chief Economist Bill Hampel said. In October, "savings were a bit stronger than loans again because there five Fridays in the month,...

I am responding to NASCUS Chairman Roger Little's letter entitled "The OTR: Here We Go Again" published in the December 1, 2004, edition of Credit Union Times. Unfortunately, the argument presented by Mr. Little regarding the Overhead Transfer Rate (OTR) in relation to the budget and the $9 million refund...

If you hold available-for-sale investment securities - the following update is for you. In March 2004, the Emerging Issues Task Force (EITF) issued No. 03-1 entitled, "The Meaning of Other-Than-Temporary-Impairment and Its Implications to Certain Investments." The EITF was formed in 1984 to assist the Financial Accounting Standards Board (FASB)...

HERNDON, Va.-NAFCU told NACHA-the Electronic Payments Association-that it should explore alternatives to an across the board Network Return Entry Fee (NREF), such as fining originating institutions that routinely abuse the system. NACHA has issued a proposal to amend its operating rule to allow NREFs "in response to increasing costs for...

BIRMINGHAM, Ala. - In a pre-emptive strike against banker attacks, the Alabama Credit Union League has begun a nine-city media tour to spread the credit union message and "clarify the issues to reporters and editors" before bankers begin a negative spin. The media blitz, which has been tried successfully in...

LENEXA, Kansas - The credit union exchange strategic working group looking into how credit unions can best take advantage of image exchange in the future has put out a Request for Information to a number of large banks to gauge their interest in dealing with the credit union industry in...

ARLINGTON, Va. - Continuing with its plan to meeting with NASCUS state regulator members throughout the U.S. to further dialogue between them and the association, NASCUS President/CEO Mary Martha Fortney and Chairman Roger Little, Michigan Deputy Commissioner, met Dec. 1 in Nashville, Tenn. with regulators from six states. Topics discussed...

HARRISBURG, Pa. - For the fourth consecutive year Pennsylvania State Employees Credit Union has been named one of the Best Places to Work in Pennsylvania by the state. The survey and award program was designed to identify, recognize and honor the best places of employment in Pennsylvania, benefiting the state's...