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ELKHART, Ind. - Congressman Chris Chocola (R-Ind.), a supporter of credit unions' tax exempt status, stopped by Bayer FCU when he was in town on May 25. The first term congressman who also supports the Financial Services Regulatory Relief Act of 2004 - H.R. 1375 - toured the CU's facility...

DAYTON, Ohio -Metavante, which manages 9,000 ATMs across the country, has certified NCR's "No-envelope" deposit technology. Metavante of course is becoming a bigger player in the EFT market with its plans to acquire NYCE for $610 million. Metavante has certified NCR's bunch-note acceptor component and iTRAN 1000 check-processing module, which...

ALEXANDRIA, Va.-The Federal Deposit Insurance Corporation has asked the public for their opinion on whether stored value card funds should qualify as deposits under the Federal Deposit Insurance Act. Financial Institution Letter FIL-44-2004 states that the FDIC has proposed that funds placed in a bank or thrift by a sponsoring...

ARLINGTON, Va. - The Michigan Office of Financial Institutions - the first state regulatory agency to earn NASCUS accreditation in 1989 when the accreditation program was adopted by the NASCUS Board - has earned five-year reaccreditation by the association. As the first state accredited by NASCUS, Michigan becomes the first...

Alaska USA Federal Credit Union, Anchorage, has named Mary Dean Homer office manager and senior loan originator of its CUSO Alaska USA Mortgage Company. Sierra Schools Credit Union, Reno, Nev., has named Kellie George business development specialist. America First Credit Union, Riverdale, Utah, has appointed the following employees to senior...

The stepped up pace of credit union charter conversions from federal to state, state to federal, and both state and federal to bank charters, has caused several unexpected consequences. At one point there seemed to be a flood of conversions away from the federal charter to what was considered to...

SAN DIMAS, Calif. - WesCorp could be coming to a town near you. The nation's largest corporate announced the credit unions that will host its 2004 town hall meetings, where such topics as interest rates, investments, ALM and others are discussed in an interactive environment. There is no charge for...

ST. LOUIS - While 55% of households who have been through a bank merger don't think it has made a difference, one in five said they were worse off as a result of the merger, while one in seven thought they were better off, according to a recent survey. Maritz...