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WASHINGTON-CUNA has followed up on a May 3 meeting with the Federal Reserve regarding MICR line errors, reiterating the organization's strong opposition to the concept of a "purported substitute check" in the event of errors in a check's MICR line. "Instead," CUNA recommended, "the Federal Reserve should provide a substitute...

INVER GROVE HEIGHTS, Minn. -Combining technology with a personal touch is a way Liberty Identity Theft Service can help victims of identity theft among members of credit union customers of Liberty Enterprises. That includes the 10,000 members of Heartland Credit Union in Inver Grove Heights, one of the first to...

A new Filene studya dispels many banker myths about the demographics of credit union members. Page 18.

See DEGRAAF PALUMBO COLEMAN Illiana Financial Credit Union, Calumet City, Ill., has named Wayne DeGraaf assistant vice president for member business lending/development services; Robert Palumbo, Jr., Downers Grove branch manager; and Jolynn B. Coleman Chicago Heights branch manager. CEFCU, Peoria, Ill., has named Terry Bitner East Peoria Member Center cash...

WASHINGTON-Who Uses Credit Unions?, the latest study from the Filene Research Institute dispels a couple of false impressions about credit union members, according to the researchers. Jinkook Lee of Ohio State University and William A. Kelly of University of Wisconsin found in the third of their series of reports profiling...

ARLINGTON, Va. - Metavante, the financial services subsidiary of the Marshall and Ilsley Corporation based in Milwaukee, Wisconsin, announced that it has agreed to purchase NYCE from First Data for $610 million. While First Data Corporation's finding a buyer for the NYCE network tied down one loose end of its...

ALEXANDRIA, Va.-NCUA recently unveiled a new technical assistance grant program to help offset the costs of mentoring initiatives with low-income designated credit unions. The agency has set aside $50,000 from the Community Development Revolving Loan Fund for the new Mentoring Initiative technical assistance grants. Typically TAGs are available only to...

ST. PAUL, Minn. - Brian Volkmann, senior manager of real estate for Affinity Plus CU, was selected to serve on the Freddie Mac Credit Union Advisory Board. Volkmann's responsibilities on the board will include "counseling on discussion topics representing Affinity Plus' member base fairly and accurately; proactively identifying and sharing...