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Until just the last few years ago, credit unions have seemed immune to fraud losses while other financial institutions have been hit hard. With banks taking a more aggressive posture against fraud and credit unions allowing for more competitive account opening criteria, fraud operators have taken notice. And fraud losses...

PORTSMOUTH, N.H. - Underscoring "financial preparedness" for its military members amidst the nation's new war footing, the $640 million Service Credit Union here wasted little time after the Sept. 11 terrorist attack to cut loan rates and offer favorable CD terms. The move by SCU appeared typical for defense CUs...

In recent articles in Credit Union Times and other publications, it seems that some state-chartered, federal-insured credit unions have begun a public campaign to call for an end to, or at least a reduction to a de minimis level of, the Overhead Transfer which helps balance the funding of the...

WASHINGTON-The number of credit card delinquencies is on the rise according to second quarter data from the American Bankers Association's (ABA's) latest Consumer Credit Delinquency Bulletin. During the second quarter of this year, 3.93% of credit card accounts were overdue, up from 2.99% in the first quarter of 2001 and...

BRISBANE, Calif. - O'Rourke Consulting, a part of RSM McGladrey, has partnered with the company and their parent company H&R Block to contribute $100,000 to the September 11th Fund. In addition, there will be a match of the personal contributions of all employees throughout the company - dollar for dollar...

Robins Federal Credit Union, Warner Robins, Ga., has named Chris Murray Gray branch manager and Stefanie Powell Gray teller supervisor. Alabama Telco Credit Union, Birmingham, Ala., has promoted Linda Cencula to chief executive officer. Missouri State Credit Union, has named DeAnn Barton vice president of lending.

* In the 11 years before her tenure, a total of $900,000 was distributed in grants. During Brownell's nine-year tenure, more than $7.7 million has been distributed; * Under her direction, the Community Investment Fund-the primary funding mechanism for local, state, national and international CU development-was launched; * Brownell was...

HERNDON, Va. - New rules from NACHA will permit consumers to make e-check payments over the phone. The rules, which went into effect Sept. 14, allow merchants, billers and government agencies to offer an e-check payment option over the telephone. It will be processed using the ACH network and will...