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WASHINGTON-Financial Services Committee Ranking Member John LaFalce (D-N.Y.) announced that he is preparing legislation aimed at raising funds needed to respond to the terrorist attacks, which shook New York City and rattled the Pentagon two weeks ago. The legislation authorizes bonds to be issued to aid in recovery operations, humanitarian...

SAN ANTONIO, Texas - Created to protect financial institutions against loss of or damage to collateral on which they hold a lien, collateral protection insurance was intended to be a good thing. Texas credit unions, however, have only halfheartedly embraced this coverage because of a growing consumer trend toward class...

MOUNDS VIEW, Minn. - Liberty Enterprises has designated $5 per order of two special check styles to support disaster recovery efforts for the terrorist attacks in New York, Washington, D.C. and Pennsylvania. The checks will be available for sale by all of the company's nearly 5,000 credit union clients, as...

Community Choice Credit Union, Livonia, Mich., has named Ted Parsons executive vice president/chief operating officer. Affinity Plus Federal Credit Union, St. Paul, Minn. President/CEO Kyle L. Markland has been appointed chairman of the Saint Paul Area Chamber of Commerce Preparing Workforce Business/ Administration Career Council. In addition, APFCU has named...

MADISON, Wis. - Credit unions reached out to their select employee groups during the push for passage of H.R. 1151, and now they're implementing a plan to strengthen their SEG relationships as a way to increase membership. A nine-member Small Business Task Force, including two league CEOs, has been appointed...

COLUMBIA, S.C. - Defining just what is a "smart building" can be elusive, but Tom Lombardo can offer this take on it: "I was told by a developer that a smart building is one that is fully leased," the vice president of sales for St. Louis-based HBE Financial Facilities says...

ARLINGTON, Va. - NCUA 5300 call report data released by the agency and reported by the trade associations as collective data show a credit union industry characterized by increased deposits, growing membership, decreased loan-to-share ratios and delinquency rates. But separate the data by type of charter - state vs. federal...

MADISON, Wis. - In a little over a month's time, one CUNA executive has logged thousands of miles crisscrossing the globe from Germany, down to Bermuda, then to Ireland, as the unofficial ambassador for credit unions. But it's only one part of his job as CUNA's executive vice president and...