NEW YORK - CU24, which is in the midst of a merger with Concord, had many suitors, among them NYCE and PULSE. According to an authoritative source with New York-based NYSE Network, NYCE made a $40 million bid for CU24, $10 million more than the bid Concord reportedly offered. The...

WASHINGTON-Credit union lobbyists have reported that they have noticed little to no change on Capitol Hill since the terrorist alert level was raised Feb. 7. CUNA Vice President and Senior Legislative Counsel Gary Kohn explained that everyone has to go through metal detectors and regular screening to enter the Senate...

Affinity Plus Federal Credit Union, St. Paul, Minn., has broken all records for loan volume in January despite poor economic conditions. Affinity Plus reports an increase of 367% in loan volume compared with January last year. As of January 31, 2003, Affinity Plus posted a net increase of $14 million...

WASHINGTON-Three influential House Financial Services Committee members announced the introduction of a deposit insurance relief bill identical to the one from last session, which passed the House by a vote of 408-18. Committee Chairman Michael Oxley (R-Ohio), Ranking Member Barney Frank (D-Mass.), and Subcommittee on Financial Institutions and Consumer Credit...