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WASHINGTON-A total of 23 members of the House of Representatives recently expressed their strong support for credit unions' tax-exempt status. Twenty-one California Democrats wrote a letter June 24 to Federal Deposit Insurance Corporation Chairman Don Powell asking him to revise his public remarks supporting the taxation of credit unions. Powell,...

WASHINGTON-The newly redesigned $50 bills will start being circulated Sept. 28, the Federal Reserve and the Bureau of Engraving and Printing announced last week. The new currency features subtle background colors of blue and red, images of a waving American flag and a small metallic silver-blue star. Financial institutions and...

NEW YORK - A credit union that turned bank saw only a modest return on its initial public offering of stock on June 29, leading some observers to wonder if the previously hot market for the stocks of former credit union has started to cool. The Monadnock Community Bank, a...

LOS ANGELES - The idea of running a full-page ad in the Los Angeles Times is well beyond the means of most credit unions, but Southland Credit Union was one of a group of credit unions that were able to do just that on May 25 through their relationship with...

WEST PALM BEACH, Fla. - Credit unions look to their own expertise for the bulk of balance sheet management. According to Credit Union Times' just expired voting poll, more than half of CUs handle their balance sheets internally, while close to 20% get advice from their corporate, with another 5%...

TALLAHASSEE, Fla. - The credit union members of the Credit Union 24 ATM and EFT network which participate in CU 24's POS Platinum Rewards Program have earned more $2 million for the period between October 2003 to May 2004, the Florida based credit union owned network announced. CU 24 began...

ALBANY, N.Y. - Empire Corporate FCU will hold its Financial Strategies Conference September 28-30 in Newport, Rhode Island. Empire's Financial Strategies Conference is designed for credit union CEOs, CFOs, board volunteers and other professionals who want to learn more about the economic outlook, credit union trends, profitability, rising competition, and...

WASHINGTON-Congressman Nick Lampson (D-Texas) has signed on as the latest co-sponsor to the growing list of lawmakers backing the Credit Union Regulatory Improvements Act (H.R. 3579). Lampson makes 55 cosponsors for CURIA, in addition to the bill's author Congressman Ed Royce (R-Calif.). The legislation has been strongly supported by the...