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BILLERICA, Mass. - First Tech CU President/CEO Tom Sargent has been named to the board of Experion Systems. Experion is a provider of automated advice technology for use in the retail environment of financials. Sargent has led the $1.2 billion First Tech since 1985. Experion also named Alex d'Arbeloff to...

WASHINGTON-Jumping 7.7%, bankruptcy filings hit another record high in fiscal year 2002 (ending Sept. 30, 2002), according to the Administrative Office of the U.S. Courts. Both business and nonbusiness filings increased but personal filings lead the way with 8% growth. A total of 1,547,669 cases were filed in FY 2002,...

DENVER - Colorado Financial Services Commissioner David Paul said that he could not approve state chartered credit unions' use of private deposit insurance because it lacked comparability with the National Credit Union Share Insurance Fund in three areas. Colorado's law requires credit unions to be insured by the NCUSIF or...

As the Chairman of the Illinois Credit Union League Legislative Committee and CEO of a medium size state chartered federally insured credit union, I couldn't agree more with Mike Welch's March 12th column, "NAFCU Attack on Private Insurance Bad Timing". This ill advised and poorly timed public policy position serves...

STAMFORD, Conn. - Hey credit union CIOs, feel like you always have to do more with less? You're not alone. A survey released recently of 620 CIOs around the globe says organizations' chief technology people are "feeling severe pressure to accelerate innovation, but at the same time they're being forced...

The Military Postal Service Agency says family members who send regular mail need to use the soldier's full name (without rank), unit and APO address. Letters to Kuwait will normally take seven to 10 days. Priority parcels will normally take 10 to 15 days and Surface Air Mail, or SAM...

ARLINGTON, Va. - With U.S. forces beginning to take casualties or be captured in the war against Saddam Hussein's regime in Iraq, credit union responses to the ongoing war situation have varied while they have tried to remain supportive overall. "The truth is, right at this time, we don't yet...

HOUSTON - Southwest Corporate is one of the more diverse corporates around in terms of product offerings, but one product is really thriving of late -item processing. Although the number of checks being written is going down, Southwest Corporate said its item processing business grew by 14% last year, prompting...