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Elkhart, Ind. - Bayer Federal Credit Union has broken ground for a new 40,000 square-foot corporate office here. The new facility will be the cornerstone building in the Elkhart redevelopment project dubbed "The Riverwalk". Designed by Leedy/Cripe Architects and built by J.A. Wagner Construction, the new corporate office will house...

WASHINGTON -- MasterCard has asked the U.S. Supreme Court to review a lower court's decision that would force the two card associations to open up the network of banks and credit unions that issue their cards to card brands like American Express and Discover. In a previous decision, the U.S....

RALEIGH, N.C. - Coastal FCU, the second largest credit union in North Carolina, has partnered with The LoanLink Center to bring 24/7 online and telephone lending solutions to the $1.3 billion credit union's more than 120,000 members. The LoanLink Center, formed in October 2002 by CUNA Mutual Group and APPRO,...

DETROIT - First credit unions had to compete with dealer incentives that offered consumers the choice of 0% financing or rebates. Now credit unions will have to deal with new dealer incentives. After suffering a 4.6% decline in sales in April, Ford announced a new incentive in an effort to...

CLINTON TOWNSHIP, Mich. - Macomb Schools and Government Credit Union (MSGCU) is no longer waiting for openings to hire staffers. The credit union has recently hired six new credit union associates- capping off the second group to be trained in the new "Hire Ahead" program. Formulated from a program developed...

WASHINGTON - Federal Reserve Chairman Alan Greenspan's term is due to expire on June 20, but with five weeks to go President Bush hasn't yet renominated him for the position for a fifth four-year term. The President is expected to renominate Greenspan, but even if his expected nomination is not...

WASHINGTON - The Federal Reserve Board called in commenters who specifically commented on the proposed "purported substitute check" provision of the rules implementing Check 21 for a discussion on how to resolve substitute checks that have errors in them. NAFCU Associate Director of Regulatory Affairs Kimberly Dewey attended the meeting...

WASHINGTON - There was no mistaking the Independent Community Bankers of America's goal on Capitol Hill last week: "Enough is Enough." Nearly 300 of the trade association's members descended on the Hill last week wearing buttons declaring "Enough is Enough" with a red circle-and-slash over "Unfair Credit Union Expansion." Though...