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WASHINGTON - The Federal Deposit Insurance Corporation recently reported that banks had record earnings for the fifth quarter in a row. Contrary to banker cries that credit unions are taking away business from banks and thrifts, the 9,116 national banks and thrifts earned a $31.9 billion last quarter, up $858...

ALEXANDRIA, Va. - For most credit unions, maximizing yield is just as crucial as having liquidity, according to NAFCU's May Flash Survey. When asked to describe their investment strategy, 89% of credit unions surveyed said they strive to achieve a balance between maximizing yield and maintaining a liquid position. NAFCU...

What is the real story behind Citigroup's touting a $200 million contribution to financial education reported in "Financial Literacy-Checkmate for Bankers" which Credit Union Times ran on its Web site, May 27, 2004? What are they trying to hide? The real news behind this effort to manipulate public opinion is...

Looking back 14 years ago finds the American Bankers Association charging that a CUNA program to win bankers' signatures on statements of support violates antitrust laws. "Failing to make clear that your association is not advocating economic retaliation against those who do not sign the support statement could quickly raise...

WASHINGTON - The Federal Reserve on May 28 issued a consent Order to Cease and Desist and an Order of Assessment of Civil Money Penalty against Citigroup Inc. and its credit subsidiary CitiFinancial Credit Co. and ordered the largest financial institution in the U.S. to pay a penalty of $70...

HARRISBURG, Pa. - The Pennsylvania Department of Banking ruled that three credit unions whose community charter conversions are being contested by the Pennsylvania Bankers Association and several banks, do not have to disclose their business and marketing plans. On May 25 the Department of Banking held its first but what...

IRVINE, Calif. - Results of a recently completed nationwide study by Experian Consumer DirectT on the effects of mortgages on consumer credit scores show consumers with at least one open mortgage have an average Experian PLUS score of 716, compared to 667 for non-mortgage consumers. Experian Consumer Direct spokesperson Heather...

PASADENA and EL SEGUNDO, Calif. - Wescom Credit Union and Unocal Federal Credit Union have announced merger plans. As part of the deal the $115 million Unocal FCU will operate as its own division within Wescom CU and will continue to serve members under the Unocal brand. In addition, all...