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NEWTOWN SQUARE and THORNDALE, Pa. - If everything goes as planned, Pennsylvania will have a new almost $1 billion credit union by early 2005. The $293 million, 32,700-member Atlantic CU, Newtown Square, Pa. and the $653 million, 85,000-member Citadel FCU, Thorndale signed a letter of intent last month to merge....

VIRGINIA BEACH, Va. - A focus on area schools has helped Virginia Beach Schools Federal Credit Union transform its image from a vendor to a community partner. "We wanted to be viewed as a real part of the school system and a benefit rather than just someplace you cash your...

RICHMOND, Va. - Virginia CU went live last month with a new interface developed by CU Direct Corp. and IA Systems, that connects CUDL and the decision engines of StreamLendT, IA's automated, paperless loan processing software. IA Systems is a leading provider of loan origination software for credit unions and...

WASHINGTON-The Office of the Comptroller of the Currency recently chose James F. E. Gillespie as its new deputy chief counsel. "Jeff is a tremendous asset to the OCC," Acting Comptroller Julie L. Williams said, "and I know he will be terrific as he takes on these additional responsibilities." Gillespie has...

WASHINGTON - CUNA and NAFCU each wrote the Financial Literacy and Education Commission in response to their request for public comment on a national strategy for financial education as required under the Fair and Accurate Credit Transactions Act. The three most important elements to a national strategy, according to NAFCU,...

Members of the Credit Union Economics Group (CUEG) met with officials of the Federal Reserve Bank of Richmond on Oct. 29 to provide an overview of credit unions' financial performance. The meeting in Richmond is the third of such meetings with Federal Reserve officials that began last April in Washington,...

Spokane Teachers Credit Union, Wash., has marked its 70th anniversary by burying a time capsule. The capsule contains items that reflect the credit union's heritage and current way of doing business and will reside in front of STCU's main branch. The capsule is set to be reopened on the credit...

CHICAGO - One credit union founder is hoping Election Day results will offer him a chance to become an Illinois state senator. As Illinois State Senator Barack Obama overwhelmingly defeated his Republican opponent Alan Keyes on Nov. 2 for the U.S Senate seat, Al Holfeld, one of the founders of...