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South Florida Acceptance Corp., an indirect lending CUSO, is coming up on its first anniversary and has good reason to celebrate the collective auto purchasing power of its owner CUs' members. Read up on them and other CUSO news on pages 20 and 21.

WASHINGTON - A coalition appearing to consist of banking groups and some private firms has begun to form to fight any changes to legislation or regulations governing credit union conversion to mutual bank charters. The goal of the Coalition for Credit Union Charter Options will be tasked with keeping open...

SAN FRANCISCO - There is a place for BALANCE and it is with credit unions - at least that is what the "financial fitness" provider hopes. So far some 150 credit unions seem to agree. According to a recent survey by ComPsych Corp., an employee assistance work/life and crisis intervention...

As the sponsor of the Credit Union Regulatory Improvements Act, Congressman Ed Royce (R-Calif.) is an important legislator for credit unions. The California CU League continues to cultivate its strong relationship with Royce, and recently held a luncheon with Royce at GAC.

Focus One Community Credit Union, Monrovia, Calif., has held a ribbon cutting ceremony on its new headquarters. The new facility is part of the credit union's strategy to better serve its members. Credit Union Central Falls, R.I., has broken ground on a 60,000 square-foot corporate center in Smithfield. The three-story...

PHILADELPHIA - A soaring number of mortgage defaults here has prompted the City Council, the sheriff and the Philadelphia Unemployment Project to call for a halt in foreclosure auctions. However, it appears the storm is leaving credit unions unruffled. In fact, the collections department at Philadelphia Federal Credit Union reports...

MADISON, Wis. - Need reassurance that 2003 was a great year for credit union mortgage lending activity? Preliminary results for the year are in from CUNA Mutual Mortgage, and they show 2003 was a record setting year all around. Data shows that CUs originated $88.2 billion in member first mortgages...

WASHINGTON-Many pieces of legislation did not get completed during the first session of the 108th Congress and as we head into the second session, many issues that concern credit unions remain unresolved. One of credit unions' newer and most directly impacting pieces of legislation is the Credit Union Regulatory Improvements...