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WASHINGTON - The SEC recently filed a complaint against a wireless medical prescription firm that used a fake CD from a so-called credit union to bolster its non-existent profits. The SEC filed a complaint against Safescript Pharmacies, Inc., formerly known as RTIN Holdings, Inc., In early 2002, RTIN, managed by...

SAN JOSE, Calif. - A seat on a panel at a technology trade show has helped a Silicon Valley startup land the nation's largest corporate CU as a user of the firm's automated information risk management system. An executive from IPLocks was on the panel earlier this year with Christofer...

BestSource Credit Union, Waterford, Mich. employees have donated over $400 worth of school supplies for children in need. All donations will benefit the Lighthouse of Oakland County and will be used to prepare children for current school year. Supplies donated include such must-have items as notebooks, backpacks and markers. The...

WASHINGTON-Financial Institutions began circulating the redesigned $50 bill Sept. 28. Officials from Treasury, the Federal Reserve, and Secret Service were on hand for the new notes first usage: the purchase of an American flag in Washington, D.C.'s Union Station. The $50 note now includes enhanced security features, subtle background colors...

BROOKFIELD, Wis. - There is a change coming in the corner office at Fiserv, and it's coming in about a year and a half. Fiserv President/CEO Les Muma, 60, announced that he plans to retire in June of 2006. Announcing the change so far in advance is virtually unheard of...

The credit union industry is facing a transition - from paper-driven processes to an electronically enabled world, where paper is available where desired, but not necessary. Innovative firms are finding new ways to capitalize on the ability to capture and process their business electronically to reduce the costs and errors...

WASHINGTON-Despite the strict lines drawn between credit unions and banks in Utah, two of Utah's three congressmen have signed on as co-sponsors of the Credit Union Regulatory Improvements Act (H.R. 1375). South Dakota's lone representative also jumped on the bandwagon. Utah Republican Congressmen Chris Cannon and Rob Bishop added their...

CUNA President/CEO Dan Mica (left) and NAFCU President/CEO Fred Becker goof off a bit in Alexandria, Va. recently during a celebration of the new affordable mortgage program at Shiloh of Alexandria Federal Credit Union. A number of political players attended the event. See the full story on page 46.