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OLYMPIA, Wash. - The Washington Department of Financial Institutions has directed Columbia Community Credit Union to negotiate with its dissident members about possibly conducting another vote on its proposed conversion to a state chartered mutual thrift. But DFI has retained an order that will force the credit union to hold...

MONTVALE, N.J. - In a move that appeared to prove once and for all that the proposed merger of their parent companies will not take place, NYCE, in which First Data Corporation is the largest stockholder, has taken Concord EFS, the owner of the STAR network, to court. In its...

SYRACUSE, N.Y. - For the third time in five years, Power Federal Credit Union has returned over $1 million in dividend and loan interest rebate to members. The bonus dividend and rebate were credited to members' share savings accounts and IRAs. The bonus represented 5.70% of dividends earned on savings...

CHULA VISTA, Calif. - North Island Financial Credit Union has dropped the "Financial" from its name and is hitting the islands with its new logo. North Island Credit Union was founded in 1940 as the Naval Air Station San Diego Federal Credit Union and became North Island Federal Credit Union...

Wescom Credit Union, Pasadena, Calif., has donated a total of $5,000 to schools in the communities of each of its 25 Southern California branch locations. Funds were generated through a recent promotion where members had the opportunity to make donations to an education fund by opting out of monthly paper...

SALT LAKE CITY-Judge Dale Kimball plans to schedule a hearing regarding NCUA and the intervenors' objections to the magistrate judge's decision to allow for discovery in the American Bankers Association's lawsuit against the credit union regulator. The defendants-NCUA, CUNA, NAFCU, NASCUS, the Utah League of Credit Unions, and Tooele, America...

I have been reading with interest the details of the new credit union regulatory relief bill, H.R. 3579. It looks like a very important and positive development for credit unions. Aside from the aspects that had already been covered in other bills earlier this Congress, I am pleased to see...

DENVER - SunCorp Corporate Credit Union has become a 25% owner in a mortgage CUSO owned by SunCorp member credit unions, and that may be just the beginning. The CUSO is Centennial Lending LLC based in Longmont, Colorado. It was formed by Norlarco CU, Premier Members FCU and Warren FCU,...