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WASHINGTON-Last Friday was declared a national day of mourning by President George W. Bush as former President Ronald Reagan, 93, was laid to rest. Many may not remember, but Reagan's Administration almost put a tax burden on credit unions. In May 1985, during the Reagan Administration, the Treasury Department introduced...

SAN DIEGO - CUNA Mutual Mortgage Corp. used the backdrop of CUNA Mutual Group's Discovery 2004 conference here last week to announce its latest venture - the formation of a users group for mortgage lenders which the company says will create economies of scale for members in the delivery and...

ARLINGTON, Va. - Scott Bilker would be the first person to say that the American credit card industry has gotten out of hand, even as he acknowledges that, properly managed, credit card availability and use provides many significant benefits. "The key is in the balance between credit availability and use,"...

WEST PALM BEACH, Fla. - Credit unions should never underestimate the potential or value of a seminar targeting women. Over in Charlotte, North Carolina, Charlotte Metro Credit Union has made inroads to reaching its female demographic. The $130 million credit union has recently presented a seminar on "Getting Out of...

ST. PETERSBURG, Fla. - Two credit unions, one in Ohio and the other in Virginia have elected to join PSCU Financial Services and have begun using the cooperative's card processing platform, according to PSCU. The two are the $209 million Cinfed FCU, headquartered in Cincinnati which brings a $11.5 million...

Mergers among credit unions are no big deal. Dozens occur every year. Usually they involve a larger credit union swallowing up a much smaller credit union. Not always. But regardless of size, virtually all credit union mergers in recent memory have gone off without a hitch. Mergers are one reason...

ATLANTA - InfiCorp, a leading purchaser of credit union card portfolios, has purchased one large and one small card portfolio from two credit unions in the Carolinas. The credit unions are the $387 million Heritage Trust FCU, headquartered in Summerville, South Carolina and the second from the $129 million Charlotte...

NEW YORK - Eglin Federal Credit Union is now linking its EFT platform to its core processing system using the qbt MultiPoint EFT Processor, the company said. At $850 million in assets, the Fort Walton Beach, Fla., credit union is the largest core processing client of the Memphis-based CUSO, Share...