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ARLINGTON, Va. - Quietly, unrecognized by many in the credit union industry, the three corporations that make up the bulk of the industry's shared branching network are continuing to revolutionize the way credit unions serve existing members and attract new ones. "For many, shared branching has flown under the radar,"...

ALEXANDRIA, Va.-According to the latest NCUA Regional Director's Actions Taken Under Insurance Report of Activity, credit unions continue to add new potential members in low-income areas. Fourteen credit unions added more than 1.7 million new potential members from 15 underserved areas alone during the month of April. The largest came...

WASHINGTON - Missouri Congressman William "Lacy" Clay Jr. (D) plans to sponsor a companion bill to the Senate's "Consumer Credit Disclosure Act of 2001", sponsored by Sen. Charles Schumer (D-N.Y.) and Sen. Wayne Allard (R-Colo.) that would allow consumers access to their credit score and information on the factors that...

PEORIA, Ill.- To show their appreciation for those serving in the U.S. military, CEFCU employees have sent 18 "Thank You" gifts. The packages included items such as: candy, playing cards, note cards, and frisbees. "It's important that the troops and their families know they continue to be in our thoughts...

WASHINGTON - The Independent Community Bankers of America (ICBA) and Freddie Mac signed an agreement that gives ICBA member banks enhanced access to the secondary mortgage market through Freddie Mac products and services. The alliance "is designed to help ICBA members boost mortgage originations and remain competitive in a dynamic...

ALBANY, N.Y. - The New York State Chartered Credit Union Modernization Act, S. 3851A, sponsored in the Senate by Sen. Hugh Farley (R-Capital), chairman of the Senate Banks Committee and in the Assembly by Assemblywoman Aurelia Greene (D-Metro), was reported from the Senate Banks Committee. The Assembly version of the...

TAMPA, Fla. - GTE Federal Credit Union staffers hit the "campaign" trail to raise funds for the Credit Union Political Action Committee. The 30-day campaign helped raise over $20,000 for CUPAC, exceeding the credit union's goal by 33%. Employee fundraising efforts included bake sales; a putting contest; jeans-to-work day; and...

A reference by publisher Mike Welch in his May 7th column regarding NCUA's okay for a part-time staff person to also serve on the board reminded me of how strongly I feel about CEOs being able to also be on the credit union's board of directors. Show me a credit...