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Anti-Trust Suit Filed On ATM Fees

Peter Westerman | August 17, 2004

SAN FRANCISCO - Three individual ATM users, two from California and one from Wichita, Kansas have filed suit against First Data Resources, the parent company of Concord's Star ATM Network and five major banks alleging that the banks have violated U.S. anti-trust laws with their ATM interchange fees. If successful,...

Michigan League to Host First Youth Summit

Peter Westerman | August 17, 2004

NORTHVILLE TOWNSHIP, Mich. - State. Rep. John Stewart (R-Plymouth) will open the Michigan Credit Union League's first annual Youth Summit Aug. 18 at the Michigan Credit Union Center. Sessions during the one-day event will cover a variety of topics including serving the youth market, services for teen members, youth lending,...

SBA Regional Administrator Jeffrey Butland Dies from Heart Attack

Peter Westerman | August 17, 2004

WASHINGTON - Jeffrey H. Butland, a SBA regional administrator, died on Aug.1 after suffering a heart attack at his Cumberland, Maine home. Butland, 53, was the regional administrator for Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island and Vermont. "Jeff was an invaluable resource for the SBA and a dedicated advocate...

CUs' Second Quarter Loan Growth Remains Solid Despite Concerns of Rising Rates

Peter Westerman | August 17, 2004

WASHINGTON - Despite hints of possible inflation and accompanying higher interest rates, credit unions' loan growth in the second quarter 2004 - 4.4% - outpaced first quarter's loan growth of 1.7%, Callahan & Associates' First Look program shows. The report based on data collected from 475 participating First Look credit...

Mountain America Plans CMN Golf Charity

Peter Westerman | August 17, 2004

SALT LAKE CITY-To show its support of Children's Miracle Network in a major way, Mountain America Federal Credit Union has announced its first "intermountain west" golf tournament next month following the lead of a Portland CU which has pioneered the charity event. "We've long been one of the sponsors of...

News

Think Like a Hacker to Protect Your Credit Union, Expert Advises

Peter Westerman | August 17, 2004

NASSAU, Bahamas - Between 65-70% of all computer crime comes from employees and contractors, according to Glen Christopher who spoke at the Seventh Annual Leadership Conference held by the World Council of Credit Unions (WOCCU) on August 1-4th. However, the remaining attacks can come from any hacker, cracker or script...

News

Flood of Vulnerabilities Can Impact Financial Bottom Line as Well as Security Front Line

Peter Westerman | August 17, 2004

COLUMBIA, S.C. - It's hard to put a price on security, but when it comes to patching that growing flood of server and PC vulnerabilities, it's only going up. Generally the term "patches" refers to software downloads needed to plug potential or actual ways that hackers, of both the ethical...

News

Rise of Phishing Attacks Now Rival Growth of Identity Theft

Peter Westerman | August 17, 2004

Phishing is growing as fast as spam did a couple years ago, and it's in many ways more dangerous, since it can result in lost privacy and stolen money, not to mention damage to a financial institituion's reputation. Here are two charts from Forrester Research that help tell the tale...

VENDORS

Peter Westerman | August 17, 2004

CU Cooperative Branching, Louisiana's credit union shared branching network, has named Jennifer Plaisance accountant. HTG Architects, an architectural firm, has named Robert Brandwick and David Elms project architects.

McQuade Appointed President/COO of Freddie Mac

Peter Westerman | August 17, 2004

MCLEAN, Va. - Eugene McQuade, 55, has been appointed president and chief operating officer, of Freddie Mac, effective Sept. 1. He succeeds Paul Peterson as COO who, according to a Freddie Mac statement, will remain with the company as a senior advisor to ensure an orderly transition. He plans to...

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