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WASHINGTON - If the experts are to be believed, the recession is over. Still data released from a survey by the Mortgage Bankers Association of America indicate the bad news isn't over yet for mortgage delinquencies and foreclosures in the U.S. Nationwide, the survey found the delinquency rate for loans...

Wescom Credit Union, Pasadena, Calif. has named Keith Pipes president of its investment services subsidiary Wescom Financial Services; Candace Epperson, manager of the Torrance branch; Kathy Marcelleta, manager of the in-store Glendora branch; Frank Sanchez, manager of real estate origination; Kathy Warner, manager of card services and Tom Orman vice...

In response to Rose Bartolomucci's letter of Feb. 27 ("NAFCU's objection to reg relief for privately insured SCCUs unfounded"), I would like to clarify NAFCU's position on whether privately insured credit unions should be allowed to participate in the Federal Home Loan Bank system. While it is true that some...

ALEXANDRIA, Va. And HIGHLAND FALLS, N.Y. - The third time was the charm for the $4.4 billion Pentagon FCU and the $51 million West Point FCU. The two credit unions will merge effective April 1. According to leaders of both credit unions, they have explored a merger at least twice...

MIAMI - Tropical Financial CU will learn this week if its application to expand its field-of-membership to include Palm Beach County was approved by the state Division of Banking. Palm Beach County's population is approximately 1.13 million, but the $500-million CU already serves many select employee groups in the county....

MADISON, Wis. - Once nearly 80,000-members strong, MEMBERS Prime Club, a group designed to offer affinity services to retired credit union members, is being dissolved, CUNA Mutual announced at press time. MEMBERS Prime Club was the new name (created in 1998) of the National Association for Retired Credit Union People...

NEW CASTLE, Del. - In an effort to woo members who may not have the industry-minimum $1 million in assets needed to take advantage of trust services, one newly-established trust operation is significantly lowering that threshold. DELCU Financial Services, L.L.C., a CUSO owned by 16 Delaware credit unions and managed...

DETROIT - General Motors Corp. and Ford Motor Co. both intend to continue to offer consumers incentives and 0% financing deals similar to the ones they offered last year. Beginning March 1, GM began offering $1,500 cash rebates on some of its best-selling trucks and sports-utility vehicles. Instead of the...