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ATLANTA - Despite the ongoing attempts by the banking industry to rescind the industry's tax exemption, NAFCU President/CEO Fred Becker offered reassurance that one of Congress's most powerful figures is not jumping on the bandwagon. "(Bill Thomas) has not said credit unions should be taxed," Becker told attendees at the...

MADISON, Wis. - While it is still too early to have any figures in terms of claim amounts in the aftermath of Hurricane Charley, CUNA Mutual Media Relations Manager Phil Tschudy says that so far most damage reports include wind damage to building interiors, water damage and power outages. One...

MIRAMAR, Fla. - To help victims of Hurricane Charley start rebuilding their lives, Eastern Financial Florida Credit Union is making it easy for members to donate to the American Red Cross. The $1.8 billion credit union has set up a special hurricane relief fund that members can directly transfer to...

WASHINGTON - The U.S. Small Business Administration recently set a record in the number of 7(a) and 504 loans that it has backed in its 51-year history. As of August 6 - eight weeks before the end of fiscal year 2004, which ends Sept. 30, - the SBA's 7(a) loan...

BATON ROUGE, La. - Beginning this month, Louisiana becomes the first state to limit the amount dealers can raise interest rates on vehicle loans above the wholesale rates they get from lenders. In June, the Louisiana legislature passed a law capping interest rate markups at three percentage points. The law...

PURCHASE, N.Y. - Some Dallas and New York metropolitan area McDonald's restaurants will start accepting MasterCard's Paypass Pay product at the end of this year, McDonalds and MasterCard have announced. MasterCard's PayPass is a new "contactless" payment option utilizing radio frequency technology, the companies said. MasterCard PayPass cardholders can make...

DENVER - Two CUSOs that used to compete for CUs' mortgage businesses in Colorado and Wyoming are now one business. Centennial Lending LLC, a CUSO started in 2000 by Premier Members FCU, Boulder, Norlarco CU, Fort Collins, and Warren FCU, Cheyenne, and which provides commercial, construction, and residential mortgage lending...

Michigan Credit Union League, North Township, has named Ronald Martin credit union consultant. US Federal Credit Union, Burnsville, Minn., has named Rick Blood mortgage manager. Postal Credit Union, Woodbury, Minn., has named Joseph Dillard vice president of retail services. In addition, PCU has promoted Sandra Timp to West St. Paul...