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WASHINGTON-Federal Deposit Insurance Corporation insured banks and savings institutions set a new record for net income in the third quarter, according to its Quarterly Banking Profile, despite complaints that credit unions are stealing marketshare away from them. With net income reaching $32.5 billion in the third quarter 2004, banks and...

WALTHAM, Mass. -Are colleges, universities and major research centers the latest prime targets for identity thieves? According to security provider Intrusic Inc., a university data center is an easy starting point for criminals to obtain the information necessary to commit identity theft, cyber-fraud and a string of other crimes. "Universities...

MADISON, Wis. - A recent CUNA white paper CEO & Board Succession Planning addresses the growing importance of succession planning over the next few years. Designed as a checklist of considerations to help boards and management prepare for vacancies at the CEO or senior-management level, the paper covers the responsibilities...

RANCHO CUCAMONGA, Calif. - The California/Nevada Credit Union Leagues are getting an early start this month on putting together their $6 million public advocacy and awareness campaign with focus group sessions being held in five cities. Apart from individual consumers, it was unclear what other participants-whether business or civic leaders-might...

SALT LAKE CITY - The Utah legislature moved a step closer this month to draw Congress directly into the bank/credit union fray over taxes and NCUA regulatory powers following a 7-4 adoption of an anti-CU resolution by a special Financial Institutions Task Force. Although the panel's unfavorable anti-CU vote was...

GRAND RAPIDS, Mich. - On December 8, members of the $1.1 billion Lake Michigan Credit Union will file into the Forest Hill Public Schools Fine Art Center in time for a 5:30 p.m. meeting which will debate and eventually decide whether Lake Michigan will remain a credit union or whether...

TUKWILA, Wash. - With the aim of leveraging credit unions' economies of scale and making the mortgage servicing process more efficient, Prime Alliance Solutions, together with BECU, Orange County Teachers FCU, Patelco CU are creating Prime Alliance Credit Union Servicing LLC as a joint venture with Cenlar FSB, one of...

MANCHESTER and LONDON, UK - Banks and credit unions do not have to be adversaries. Barclay's Bank, a 300-year old international bank, has proven the two types of financial institutions can forge useful partnerships to work on social goals. Barclay recently gave nine credit unions over 500,000 (US$889,000) to help...