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GREENSBORO, N.C. - A recent agreement with the North Carolina Bankers Association has helped credit unions here in their fight against fraud. The North Carolina Credit Union League is the latest member to join Fraud-Net, an online resource for financial service and law enforcement officials. "Fraud losses are at an...

CORVALLIS, Ore. - Credit union data processor Summit Information Systems, a Fiserv subsidiary, is now certified for Credit Union Service Corporation's Next Generation shared branching network. Summit completed all the testing required to get its Spectrum Teller platform certified according to NGN ISO 8583 shared branching specs to work with...

MCLEAN, Va. - Freddie Mac's quarterly refinance review released earlier this month by the housing Government-Sponsored Enterprise showed that in the first quarter of 2004, 43% of Freddie Mac-owned loans that were refinanced resulted in new mortgages at least 5% higher in amount than the original mortgages. That compares to...

PHILADELPHIA - Philadelphia-South Jersey/U.N.I.T.E. CU has merged with American Heritage Federal Credit Union. The move adds over 320 new members, and over $930,000 in assets to American Heritage FCU. American Heritage FCU has $410 million in assets and serves over 71,000 members.

WASHINGTON - The Department of Housing and Urban Development published a proposed rule that would tripe the amount of damages the agency can seek against a FHA lender that fails to use loss mitigation techniques. That enable many homeowners who are in default on their FHA mortgage to remain in...

CHARLOTTE, N.C. - Charlotte Metro Credit Union has recently hosted a series of classes for 100 Latino family members as part of the Hornets Nest Girl Scouts Council's Las Rutas al Exito program. Las Rutas al Exito means "Pathways to Success" in English and is a series of classes to...

SAN DIEGO - PETCO Park attendees can't help but learn about North Island Credit Union. PETCO Park is the new 42,000-seat home to Major League Baseball's San Diego Padres. Every aspect of the baseball stadium was designed to celebrate the elements of San Diego through sea, sky, sun and spirit....

Kudos to Mike Welch for his excellent analysis of the challenges ahead for credit unions (Credit Union Times, April 14) as the assault from the banking industry gears up for another round. As Mike discussed, all credit union executives, volunteers and members must not rest on the laurels of victories...