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JACKSONVILLE, Fla. - Jax Navy Credit Union is changing its name to VyStar Credit Union, effective April 29, 2002. On the heels of the $2.2 billion credit union converting from a federal to state charter, the new name change will coincide with its 50th Anniversary. "We have great respect for...

ATHENS, Texas - Austin Montgomery, former NCUA administrator and lobbyist for the Illinois Credit Union League, died March 6. Montgomery was sworn in as NCUA administrator at the White House in 1976, and he served in that capacity until 1978. As Administrator, he was responsible for the chartering, supervision, examination,...

HERNDON, Va. - New NACHA Operating Rules, known as the Accounts Receivable (ARC) application, went into effect on March 15. The new rules allow checks delivered to remittance and lockbox locations to be converted into e-checks using ACH. "With billions of checks sent to accounts receivable locations every year, the...

RAPID CITY, S.D. - Sub-zero weather and freezing temperatures couldn't stop Black Hills Federal Credit Union staffers from raising money for the Special Olympics. Tellers Dominica Magee and Jodi Rounce volunteered to take the Polar Plunge and jump into the icy waters of the half frozen Memorial Lake in just...

AUSTIN, Texas - JobGusher, a service of Education Assistance Services, Inc., a subsidiary of Texas Guaranteed Student Loan Corporation, is hosting "Online Job Fair: Banking, Credit Union, and Financial Services Job Fair" for students and recent graduates, March 25-31, 2002. "The banking and financial services industry has a broad range...

WASHINGTON - Anyone attending CUNA's recent GAC had to be impressed by the slate of political speakers, but CUNA isn't the only financial trade that gets the big names. At America's Community Bankers GAC (March 11-14) a number of political figures showed up. Here are a few.

RANCHO CUCAMONGA, Calif. - CU Direct Corp. released Workflow Manager 2.0 enhanced software that allows credit unions to better manage information they receive electronically about financing requests made by members from auto dealership sites through the Credit Union Direct Lending system. CUDL Workflow Manager 2.0 is an upgrade from an...

In light of the unfolding Enron, Global Crossing and Computer Associates debacles, it would appear that various aspects of credit unions' governance structure might provide a useful model for forging corporate governance reforms. This is not to say that in the case of "for profit" corporations such aspects can be...