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SAN DIEGO - Secondary capital, a popular resource other financial institutions are turning to, may be the solution for fast-growing credit unions to meet member needs while satisfying regulatory requirements, says one industry expert. On May 18, Tom Merfeld, CUNA Mutual Group senior vice president, told attendees of the 10th...

HELENA, Mont. - In a move both unexpected and reflective of the nation's war footing, the $7.5 million Montana Armed Forces Credit Union of Fort Harrison is anxiously looking to merge into the $81 million Helena Community CU. The merger petition, which has been quietly in the works for months...

RICHMOND, Va. - Petersburg City Employees Federal Credit Union has merged into Virginia Credit Union. Prior to the merge Petersburg City Employees FCU served 2,200 members and had $5.3 million in assets. Virginia CU has $1.2 billion in assets and serves 154,789 members.

HOUSTON - The name change count keeps rising with Houston Energy Credit Union changing its name to First Service Credit Union. According to First Service CU President/CEO Jerry Shrode the name change is a major step in the credit union's transformation to a community-based credit union. With the tagline Your...

ITHACA, N.Y - It says something about Alternatives Federal Credit Union that when a reporter called to ask about its silver anniversary, it takes the credit union a while to document that it received its charter on January 12, 1979. "Of course we had it written down somewhere," said Leni...

SEATTLE - A Web-based content solution from Seattle-based Ingeniux Corp. is at the heart of a new bad-check management offering from the CO-OP Network, called Check Management Solutions. The new CO-OP Network service guides credit unions through an online interview process that allows them to identify a check-loss issue and...

WASHINGTON-A number of credit unions have been inundated recently with eligibility and other questions-many from people out of state-to the point the institutions and CUNA believe the inquiries are not legitimate. CUNA told reporters last week it had discovered that a Florida resident had sent out 1,200 postcards requesting to...

SAN DIEGO - Before a record CUNA CFO Council audience, NCUA Chairman JoAnn Johnson outlined her plans to keep the agency humming along. Johnson began by emphasizing the importance of financial education, which will be a key focus in her administration, noting that financial education should start early. She indicated...