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MONETT, Mo. - It seems like everyone wants to get into fraud prevention these days. Jack Henry & Associates, the parent company of credit union data processor Symitar Systems, has done just that. Jack Henry has acquired Yellow Hammer, a provider of a suite of fraud prevention software. Yellow Hammer's...

Tri-Co Federal Credit Union, Randolph, N.J.,has broken ground for a new Augusta branch. The 16,000 square-foot facility will house a new full service branch, three drive-up lanes, a community room and six retail occupancy areas. Construction should be completed by mid -2004. Army Aviation Center Federal Credit Union, Daleville, Ala.,...

YAKIMA, Wash. - Noting that many Americans do not understand basic financial concepts, the head of the Washington Credit Union League stressed the importance of financial literacy efforts, including measures moving through the state Legislature to have schools teach the subject. Speaking at a National Consumer Protection Week event here,...

SANDY, Utah - In a move designed to discourage robberies, the $64 million Credit Union One said its newly-opened north Temple branch is equipped with a new computer-driven currency device they say is a first in Utah, which eliminates the need for a cash teller drawer. The "Teller Cash Recylcer,"...

SAN DIEGO - Golf tournaments are rampant in the credit union industry, but it's not often that a former U.S. Open champion participates. At NAFCU's recent CEO Conference in San Diego, NAFCU Services Corporation Preferred Partners hosted a golf tournament in which 1987 U.S. Open Champion Scott Simpson played and...

Visions Federal Credit Union, Endicott, N.Y., has promoted Jayne Searles to marketing/business development manager. Bethpage Federal Credit Union, N.Y., has promoted Gary Barello to senior vice president of human resources. New Jersey Credit Union League, Hightstown, has elected Nicholas Antonicello of OCNAC # 1 FCU and Henry Slootmaker of People's...

TROY, Mich. - Credit union data processor GalaxyPlus has launched a new network security product, Network Security Assessment. According to GalaxyPlus, Network Security Assessment performs scans of a credit union's network and identifies any known "holes" in the server software, while examining the level of vulnerability to attack. Scans of...

WASHINGTON - While the CFO or investment officer is typically the point person for overseeing a credit union's investment portfolio, CEOs should still be aware of the "risks" embedded there, says one industry expert. Mike Philbin, vice president of sales for Callahan & Associates' Trust for Credit Unions, said investing...