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WARRENVILLE, Ill. - Minnesota Corporate FCU and Mid-States Corporate FCU will start the new year as one corporate. The last step in the merger process was completed on Dec. 23 with Minnesota Corporate's members overwhelmingly approving the merger. The merger officially happened on Dec. 31. This merger was a long...

WASHINGTON - The Mortgage Bankers Association delivered an early holiday present to lenders earlier this month. The MBA's latest National Delinquency Survey, covering the third quarter 2003, found the delinquency rate at 4.28%, the lowest in three years. It was down 34 basis points from 4.62 in second-quarter 2003, the...

WASHINGTON - Former U.S. Housing Secretary Mel Martinez, who resigned in early December as the 12th Secretary of the Department of Housing and Urban Development and who initially turned down requests from the White House to run for the U.S. Senate, is giving a second thought to running to fill...

ORLANDO, Fla. - For its efforts in establishing a comprehensive disaster preparedness program for its more than 300 employees, the mayor of Orlando has proclaimed Dec. 8th `Central Florida Educators' Federal Credit Union Day.' The credit union received an award from the International Association of Emergency Managers (IAEM) during their...

SOUTHFIELD, Mich. - The $2.7 billion CenCorp declared a $400,000 patronage dividend to members last month. The dividend was to be paid as part of the dividend on Member Capital Share Deposit (MCSD) accounts in December 2003. The December dividend on that account was 6%. Including the patronage dividend, the...

WASHINGTON-Political Action Committees, such as the Credit Union Legislative Action Council, may get a leg up on other interest groups following the Supreme Court's recent ruling upholding most of the new campaign finance law. "Overall, the legislation itself, the vast majority, was upheld by the Supreme Court," CUNA Political Director...

PHOENIX - An Arizona law scheduled to go into effect on Jan. 1, 2004 that would require beneficiaries to be notified about trusts they have a stake in was recently stopped cold by legislators. The law will now go into effect Jan. 1, 2006. The state's Revised Uniform Trust Code...

WASHINGTON-The Senate recently confirmed Thomas J. Curry, Commissioner of Banks for the Massachusetts Division of Banks, as a member of the Board of Directors for the Federal Deposit Insurance Corporation for a six-year term. Prior to being Massachusetts' bank commissioner, Curry served as first deputy commissioner of banks and as...