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ALEXANDRIA, Va. - Comments regarding credit unions' involvement in indirect lending made by NCUA Board member Debbie Matz at the agency's recently held budget briefing raised a few eyebrows, but it seems it wasn't due to consternation over what she said as much as surprise that it took an NCUA...

WASHINGTON - The House Financial Services Committee recently joined bank regulators on its concerns with the SEC's Regulation B proposal that would extend broker/dealer exemptions to credit unions, banks and thrifts. In an Oct. 14 comment letter, Committee Chairman Michael Oxley (R-Ohio) along with 10 subcommittee chairs and ranking members,...

"This is not your father's credit union. This is not your father's CUNA. This is not your father's era," CUNA President and CEO Dan Mica stated during the trade association's annual general meeting in Honolulu last week. CUNA was founded 70 years ago to help establish credit unions as a...

GLASTONBURY, Conn. - Credit union data processor OSI's Sound Software unit said it has upgraded its loan origination technology to allows users to securely deliver loan packages online and to print out the documents at anytime during the process. Called Sound Delivery, it interfaces with the Sound Software consumer and...

ITHACA, N.Y. - Senator Hillary Clinton (D-N.Y.) visited the $47 million Alternatives FCU on October 25 to recognize Alternatives' recent $1.4 million grant from the U.S. Treasury Department's Community Development Financial Institution fund. The CDFI money will go to help Alternatives continue to grow its services and increase lending to...

CUNA Chairman Dick Ensweiler, a known baseball buff, told attendees of CUNA's Future Forum that credit unions can continue knocking it out of the park against banks if they keep up the teamwork. See complete conference coverage on pages 20-24.

The financial services community has finally welcomed Check 21, promising a more efficient payments system. Since most credit unions have already been truncating checks for years, they, in particular, are uniquely positioned to implement Check 21. Others however, have a bit more work to do in terms of public relations....

HONOLULU-Two recommendations have come out of the work of CUNA's Hispanic Outreach Task Force. Armando Cavazos of CU ONE in Michigan, the task force chairman, announced these two recommendations last week to the CUNA Board during its Annual General Meeting at the Future Forum here. First, he recommended that the...