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WASHINGTON - The House of Representatives' Veterans Affairs Benefits Subcommittee recently voted on two bills to increase the U.S. Department of Veterans Affairs loan guarantee to 25% of the conforming loan limits, which would allow loans up to more than $330,000. The current VA loan limit is $240,000. The Subcommittee...

MADISON, Wis. - When you're the CEO of not only the world's largest credit union, but a credit union that is growing rapidly and expanding into new areas, time is a valuable commodity. Navy FCU President/CEO Brian McDonnell resigned from the board of CUNA Mutual Group at the recently held...

SAN DIEGO -Credit unions are only doing an "average" job in reaching out to the underserved and unbanked, forcing tens of millions of people to seek out alternative financial services such as check cashers and payday lenders. And credit unions only receive average marks for serving the young. A 20-year-old...

NEW BRIGHTON, Minn. - CU Companies, a CUSO owned by 45 credit unions throughout Minnesota, has named Bryan Bennett executive vice president. Bennett has served for the past 18 years as executive vice president and chief financial officer of City-County FCU, Minneapolis. "We've experienced tremendous growth over the last seven...

ST. LOUIS - First Community CU is running an auto loan promotion June 7-July 15 to benefit the Susan G. Komen Breast Cancer Foundation. Every member who finances a new or used vehicle with the credit union or refinances their existing auto loan from another financial will receive $50. All...

SPARTA, Mich. - COWWW Software, which has been making in-roads in the credit union industry of late (see page 58), has landed a big CU client in U.S. Central. COWWW will offer its eStatements Plus product to corporates using U.S. Central's new core system driven by Symitar Systems. COWWW will...

Canadian consumers are banking and paying bills online at a much higher rate than their counterparts in the United States, according to a new report from Forrester Research. The Cambridge, Mass., research and advisory firm says that trend is likely to continue and is a natural result of Canadian financial...

FLORHAM, N.J. - Nearly a decade since NCUA gave the green light for a pilot that would allow credit unions to offer index certificates tied to the performance of an equity market index, members have been attracted to their dividends and principal safety but some experts say they still may...