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  • APCI FCU, GMAC Mortgage reach first mortgage products, services agreement

    TREXLERTOWN, Pa. - APCI FCU and GMAC Mortgage Corp have reached an agreement to offer GMAC Mortgage residential first mortgage products and services to APCI members. Under the terms of the alliance, APCI will originate first mortgage loans for members and submit completed applications to GMAC Mortgage locally for loan...

  • Donde esta an ATM?

    CHICAGO - The Member Access Network has launched its first bilingual automated locator system to find ATM machines. Cardholders can now find over 9,800 ATMs in either English or Spanish. Members call a toll free number provided by Jensen Beach, Fla.-based TOUCH-MAP Systems. If there are multiple locations in one...

  • Quotes worth quoting

    "I don't think this is something that's going to drag us into a recession. I think we're going to come out of this OK." - NAFCU economist Jeff Taylor on the effects the attacks may have on the U.S. economy. "We've been through the bombing of the World Trade Center...

  • Rosenthal: "It felt like night had descended on us"

    NEW YORK - That's how National Federation of Community Development's Executive Director Cliff Rosenthal described the scene outside the windows of the federation's offices on Wall Street, located less than a mile - about a 10-minute walk - from the World Trade Center. Rosenthal had arrived in his office a...

  • Corporate CUs keep tight grip on business operations during tragic attacks

    ALBANY, N.Y. - Acting as clearinghouses for the nation's credit unions, corporate credit unions were on high alert on the day of the attacks for any shutdowns of the Federal Reserve Banks or the Fedline system that might cause delays in processing wires, funds transfers, item processing, ACH and other...

  • Appro Systems cuts sales force; president/ COO says move strategic

    BATON ROUGE, La. - A reduction of Internet lending firm Appro Systems' field sales staff by 50% is not the prelude of a company collapse, said Appro President/COO Craig Uffman, but more of a strategic decision about which financials the firm wants to target. Having seen firms such as CUShopper...

  • Texas CUs helping to locate deadbeat parents

    AUSTIN, FARMERS BRANCH, Texas - Texas parents who are delinquent in paying child support should be prepared. Texas is on the move, often seizing the accounts of deadbeat parents with the help of Texas credit unions. A Texas mandate requires all Texas financial institutions to participate in the Financial Institution...

  • BECU's petition reflects FISCCUs' frustration with OTR

    ARLINGTON, Va. - NASCUS and Boeing Employees' Credit Union have chosen different tactics to address the issue of federally insured state-chartered credit unions' growing frustration with the overhead transfer rate. Despite their different strategies, NASCUS President/CEO Doug Duerr said, "Boeing Employees' Credit Union's decision to petition the NCUA to introduce...

  • NASCUS annual conference postponed until December

    ARLINGTON, Va. - In the wake of the World Trade Center and Pentagon tragedies, the NASCUS Board decided to postpone its annual conference until December . The conference has been rescheduled for Dec. 14-18. It was supposed to take place Sept. 13-18. NASCUS President/CEO Doug Duerr said the annual conference...

  • Michigan regulator approves four-way CU merger

    LANSING, Mich. - The state Office of Finance and Insurance Services has approved the merger of three Grand Rapids credit unions into Grand Rapids Teachers CU, which has been managing the three CUs under a contractual arrangement for several years. Involved in the merger are Alliance CU, $38 million in...