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Debit Card Use Continues to Grow, Star Survey Shows

Peter Westerman | May 27, 2003

MAITLAND, Fla. - Movie theaters, fast food restaurants, pay phone booths, public transit vehicles, parking spaces, vending machines and laundromats are the leading places American consumers use their debit cards in place of cash, according to a recent survey conducted by Star Systems, the Florida based electronic funds network subsidiary...

New Bill Would Arm SEC with More Power to Return Money to Defrauded Investors

Peter Westerman | May 27, 2003

WASHINGTON - A bill that would strengthen the Securities and Exchange Commission's enforcement powers and increase its ability to return funds to defrauded investors was recently introduced by House Financial Services Committee Chairman Michael G. Oxley (R-Ohio) and Capital Markets Subcommittee Chairman Richard H. Baker (R-La.) "There are two purposes...

United Airlines ECU Sheds Single Sponsor Status with Chicago Suburb Expansion

Peter Westerman | May 27, 2003

CHICAGO - United Airlines Employees' Credit Union, which once epitomized the single sponsor structure, has joined a growing list of CUs rapidly expanding their field of membership and reaching out to a broader cross-section of individuals and occupation groups. The $4-billion Chicago-based credit union insists it remains committed to the...

Homeland Security Bumps Terror Risk Level to Orange; Financials Could Be Targets

Peter Westerman | May 27, 2003

WASHINGTON-The Department of Homeland Security issued a statement to governments at all levels, as well as potential target industries to be on high alert. Following the terrorist bombings in Saudi Arabia and Morocco, intelligence sources have indicated that a target inside the United States could be next. Financial institutions, as...

MBA Summit to Focus on Enforcing Predatory Lending Laws

Peter Westerman | May 27, 2003

WASHINGTON - So far 18 states have passed legislation curbing predatory lending - seven in 2003 - but that's only half the battle. The other half is enforcing consumer protection laws. The Mortgage Bankers Association of America will host an "Enforcement Summit" in Washington, D.C. on June 17 to discuss...

Kemba Financial CU CEO Named CU Professional of the Year

Peter Westerman | May 27, 2003

DUBLIN, Ohio- The Ohio Credit Union League has named Kemba Financial Credit Union CEO Jerry Guy the 2003 Professional of the Year. Nominated by his board and staff Guy was recognized for his "vision, consistency, effectiveness, and high moral and ethical standards." In the 13 years Guy has served as...

Past Ellis Island Medal of Honor Winners

Peter Westerman | May 27, 2003

The Ellis Island Medal of Honor was created in 1986. Since that time some 1,300 people have received the award. The list of winners reads like a Who's Who of business, entertainment, politics, and sports. Past winners include the following: Politics: Bill Clinton, George Bush, Jimmy Carter, Gerald Ford, Richard...

RegFlex Picking up Steam, Chairman Pleased with the Results

Peter Westerman | May 27, 2003

ARLINGTON, Va.-Eighty-two percent of NAFCU member credit unions are eligible for Regulatory Flexibility benefits, according to the organization's most recent monthly Flash survey. Even so, only about 15% responded that they were currently taking advantage of the exemptions afforded to well-managed, well-capitalized credit unions under the program. Still three-quarters said...

Navy FCU, @LANTEC Financial FCU Among Top Places to Work

Peter Westerman | May 27, 2003

HAMPTON ROADS, Va. -Navy FCU and @LANTEC Financial FCU were ranked among the "Top 25 Places to Work in Hampton Roads," by Inside Business. @LANTEC Financial placed ninth on the list, and Navy FCU ranked twelfth. Each year, the business journal selects the top 25 employers in the area based...

Mutual Funds Could Lose `Stranglehold' on IRA Market, Study Reveals as $11 Trillion in Retirement Assets Up for Grabs

Peter Westerman | May 27, 2003

NEW YORK - As retiring Baby Boomers make complex choices about where to keep their nest-egg assets, fierce competition for a share of retirement savings assets may profoundly alter the market's leaders and the followers, according to a recent study by Conning Research and Consulting, Inc. The study, `Winning the...

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Debit Card Use Continues to Grow, Star Survey Shows

New Bill Would Arm SEC with More Power to Return Money to Defrauded Investors

United Airlines ECU Sheds Single Sponsor Status with Chicago Suburb Expansion

Homeland Security Bumps Terror Risk Level to Orange; Financials Could Be Targets

MBA Summit to Focus on Enforcing Predatory Lending Laws

Kemba Financial CU CEO Named CU Professional of the Year

Past Ellis Island Medal of Honor Winners

RegFlex Picking up Steam, Chairman Pleased with the Results

Navy FCU, @LANTEC Financial FCU Among Top Places to Work

Mutual Funds Could Lose `Stranglehold' on IRA Market, Study Reveals as $11 Trillion in Retirement Assets Up for Grabs

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