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MINNEAPOLIS, Minn. - Fair Isaac Corp. launched its new Global FICOT score the company says is designed to allow businesses operating outside the U.S., Canada, and South Africa to use the company's FICO credit risk scoring technology to improve the quality of their lending decisions. By using Global FICO, Fair...

WASHINGTON-CUNA President and CEO Dan Mica wrote the House leadership last week that the trade association does not want the "netting provisions" from the bankruptcy reform bill inserted into the 9/11 Commission Report legislation. "The Credit Union National Association is a strong supporter of bankruptcy abuse reform legislation. It has...

MADISON, Wis. - CUNA Mutual said it plans to donate $100,000 toward building Madison's first public swimming pool. Madison is home to CUNA Mutual Group as well as CUNA and is often dubbed the capital of the credit union industry. The donation will be given through the CUNA Mutual Group...

WASHINGTON - No matter how much spirit and optimism it contains, there is almost no way to escape the initial impression that the building housing H.D. Woodson High School, in Washington DC, really houses a prison and not an institution of learning. Its walls rise, concrete and sadly bunker-like, over...

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...