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WASHINGTON-House Financial Services Committee Ranking Member Barney Frank (D-Mass.) thanked credit unions for not causing extra work for him and his staff back in the district. "One of the things that marks the business I'm in is we only hear from people when there are problems." he said. "I cannot...

RICHMOND, Va. - Richmond Postal CU filed an application on Sept. 22 with the Virginia Bureau of Financial Institutions of the State Corporation Commission to expand its field-of-membership to include the City of Richmond, which qualifies as a "Distressed Community/Investment Area" based on Year 2000 U.S. Census Bureau data. The...

Alot of credit union information flows in and out of Credit Union Times every day. Some of it brings some interesting questions to mind. Like these: When the credit union idea has such tremendous potential for helping less fortunate people around the world, why does the official International Credit Union...

ARLINGTON, Va. - NAFCU recently met with IRS officials to offer its take on clearer guidance of deferred compensation plans at federal credit unions. The Sept. 23 meeting comes nearly a month after CUNA and CUNA Mutual held a similar meeting with the IRS on the matter. Both meetings involve...

WASHINGTON-Wayne Abernathy, Treasury's assistant secretary for financial institutions, told credit unions in Washington last week that the administration's backing of the credit union tax-exempt status is not waning. Abernathy was also quick to list out a number of programs he had learned about that credit unions are creating and participating...

Ten years ago only a hand full of credit unions offered automotive indirect lending. Today, more and more of America's credit unions are offering their members the ability to finance vehicles through their credit union without actually visiting the facility. This has resulted in increased auto loan volume, as well...

MOON TOWNSHIP, Pa. - A 51-year relationship went through a major metamorphosis when US Airways Federal Credit Union recently changed its name to Clearview Federal Credit Union after receiving approval to expand to a community charter. NCUA granted the approval on Sept. 23. While executives emphasized that US Airways employees...

EAST LANSING, Mich. - Michigan State University FCU has become the first credit union in Michigan to be authorized by the state to offer Michigan State Housing Development Authority (MSHDA) loans. MSHDA makes low-interest mortgage loans available for new and existing homes, condominiums and manufactured homes. The maximum income limit...