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Suncoast Schools Federal Credit Union, Tampa, has recently awarded $20,000 scholarships to 11 deserving college-bound students. Scholarship amounts ranged from $1,000 to $2,500 and were awarded through the Suncoast Schools FCU Scholarship Foundation. Recipients are selected based on academic performance, leadership abilities and financial needs. Iowa Credit Union Foundation, Des...

WASHINGTON - A bill that would expand several SBA's loan programs used by credit unions was recently introduced by Sen. Olympia Snowe (R-Maine). The Small Business Reauthorization and Manufacturing Assistance Act of 2004 (S. 2834) would increase the size of loans in the 504-loan guarantee program to $1.5 million up...

WASHINGTON-NCUA's Community Development Revolving Loan Fund lost a little ground in appropriations negotiations for fiscal year 2005, but the Central Liquidity Facility's borrowing authority remains the same. Last year, NCUA was able to obtain $1.2 million for the CDRLF for 2004, the most ever. However, both the House and Senate...

MADISON, Wis. - Former CUNA Mutual President/CEO Mike Kitchen isn't ruling out a return to the industry, in fact he said he'd love it. Though he's not actively seeking any particular position, Kitchen said he is staying in touch with his credit union contacts and if the right job came...

WASHINGTON-House Financial Services Committee Chairman Mike Oxley (R-Ohio) touched on a number of credit union-related issues at NAFCU's Congressional Caucus last week. But few grab credit unions' attention like taxation and regulatory relief. Credit unions are one of the top lobbying groups in Washington, and that is "how you create...

MADISON, Wis. - CUNA Mutual Mortgage Corp. has deployed a new software platform that allows the loan servicer's credit union clients to both process loans more quickly and report them more efficiently. The technology comes from HanoverTrade Inc. of Edison, N.J., and includes the ability to accept online loan file...

NORWALK, Conn. - If certain conditions are met, credit unions will be allowed to continue to treat their loan participations as sales. "This is extremely good news for credit unions and CUNA appreciates the support from NCUA, leagues and credit unions that we received during deliberations on this issue," said...

WALNUT CREEK, Calif. - Skyrocketing health care costs isn't something employees of Pacific Service Credit Union have to worry about. A recent national Kaiser Family Foundation survey finds that to combat double-digit health insurance premium increases, many employers are opting to slow their hiring process or shift more of the...