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WASHINGTON-Senate Banking Committee Chairman Paul Sarbanes (D-Md.) announced a hearing last week regarding the value of financial literacy among college students. The hearing was scheduled for the morning of Thursday, September 5. "Beginning at first-year orientation, many college students receive credit card solicitations and over half acquire their first credit...

NEW YORK - Remarkably, nobody seemed aware that anything was wrong when Steve Sobotta, marketing director for Actors Federal Credit Union, stood on the train platform in Queens on the morning of September 11. "It was a beautiful day," he said, "and nobody on the platform was talking about anything...

SPOKANE, Wash. and TULSA, Okla. - The Washington and Oklahoma credit unions leagues will be holding their 2002 annual conventions on Sept. 11 - one year to the day after the terrorist attacks in New York City and Washington, D.C. "It's definitely been a challenge to have our meeting fall...

LA HABRA, Calif. - To commemorate the first anniversary of the September 11 terrorist attacks on the nation, American First Credit Union will donate $500 to the Orange County Burn Association. La Habra Fire Department Captain Bob Lee will be accepting the credit union donation. The Orange County Burn Association...

COLUMBIA, S.C. - Crumbled infrastructure and biological warfare, disrupted travel plans and a reeling economy - the aftershocks of the Sept. 11 terror attacks reverberated quickly across the credit union data processing community, like everywhere else. A year later, in a development less dramatic but perhaps more systemic, many processors...

RANCHO CUCAMONGA, Calif. -The Richard Myles Johnson Foundation has launched its new Web site - www.rmjfoundation.org. By going to the Web site's home page, users can read the latest Foundation news and found out about upcoming events. They can also obtain information on the Foundation's grant and scholarship programs, financial...

As the system's payment processors, corporates were put under serious strain during 9/11. "The Fed put out the word we needed to keep funds moving and keep business going as normal," recalls Leigh Philibosian, vice president, Marketing. "We knew we needed to keep the monetary system going." This call to...

HARRISBURG, Pa. - Gov. Mark Schweiker named Paul Wentzel Jr. to be Acting Secretary of the Department of Banking, effective August 30. Wentzel has been with the Department of Banking since 1981, serving as executive assistant through three Administrations. Before coming to the department, he served as Research Analyst for...