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WesCorp's Credit Union Outlook 2004 Kicks Off

Staff Writer | September 28, 2004

LAS VEGAS - WesCorp's Credit Union Outlook 2004 opened last week with Standard & Poor's Chief Economist Dr. David A. Wyss telling some 400 attendees that when the Fed is all said and done raising rates the fed funds rate will be at about 4%. As for the presidential election,...

FDIC Extends Deadline for Comments on CRA Proposal

Staff Writer | September 28, 2004

WASHINGTON-The Federal Deposit Insurance Corporation extended its public comment period on its proposed changes to Community Reinvestment Act regulations from Sept. 20 to Oct. 20. The FDIC issued a proposed regulation Aug. 20 seeking additional comments on amendments to its CRA regulations. The changes would increase the threshold of a...

News

Top 50 Wholly-Owned CUSOs by Aggregate Cash Investment

Staff Writer | September 28, 2004

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FNF Continues Acquisitive Ways, Delays IPO Spinoff of FIS

Staff Writer | September 28, 2004

JACKSONVILLE, Fla. - Fidelity National Financial has bought another core processor, this one a community bank specialist, and is delaying the initial public offering of stock that would result in spinning off its IT operations into a separate company. FNF, a major provider of title insurance and mortgage processing services,...

Telling CUs How to Lobby is Preaching To the Choir, Lawmakers Say

Sarah Snell Cooke | September 28, 2004

WASHINGTON-Hundreds of credit union representatives packed into CUNA's Election Fair held last week at the Phoenix Park Hotel on Capitol Hill as part of CUNA's National Hike the Hill Month and to get some words of wisdom from those who know politics best. Trouble is, credit unions already know what...

Portable Cell ATM Proves Hit for Indiana CU

Staff Writer | September 28, 2004

ELKHART, Ind. - Bayer Federal Credit Union is finding the portable ATM operated on cellular service has become a popular new marketing vehicle particularly for remote locations at fairs and fairgrounds. The $235 million CU debuted the specially designed equipment Aug. 13 at the "Island of Blues Festival" and now...

WSECU's Coffin Named to "40 Under 40" List

Staff Writer | September 28, 2004

OLYMPIA, Wash. - Tristram Coffin, president/CEO of Washington State Employees CU Service Company, was selected by the Puget Sound Business Journal as one of its "40 Under 40" leaders. Each year, the business weekly publishes a list recognizing regional leaders under 40 years old who they consider to be "rising...

Fed Bumps Rates By a Quarter Point

Staff Writer | September 28, 2004

WASHINGTON - The Fed made another 25 basis points increase last week bringing the fed funds rate to 1.75%. The Fed said in its statement that inflation is pretty well in check and will allow it to take a "measured" pace to adjusting rates. "The Committee perceives the upside and...

Commentary

We Need to Tell Our Own Story and Write Our Own History

Staff Writer | September 28, 2004

What is crystal clear to anyone involved with credit unions is that they are unique entities. It is also clear that only credit unions themselves can make the case for their uniqueness, especially to public officials and members of the press. I firmly believe credit unions must take on this...

CFA Study: Most Consumers Under A Lot of Illusions About Credit Scores

Staff Writer | September 28, 2004

WASHINGTON - While companies and organization increasingly rely on credit scores to make decisions on consumers, most Americans do not understand these critical pieces of information. Not only that, findings from a new survey from Consumer Federation of America and Providian Financial show most consumers don't understand what credit scores...