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ALEXANDRIA, Va.- Last quarter, April 1 through June 30, bankruptcy filings rose 24.5% over the same period last year, making it the highest quarterly period ever for bankruptcies, according to data by the Administrative Office of the U.S. Courts. Filings increased from 321,729 in the second quarter of 2000 to...

ARLINGTON, Va.-With several reports of a shrinking budget surplus, credit union and other community development financial institutions may have to settle for a compromise between the Senate and House VA-HUD appropriations bill allotment for the Community Development Financial Institutions (CDFI) fund. According to NAFCU Director of Legislative Affairs Charlie Frohman,...

First Financial Credit Union, West Covina, Calif., has promoted Robert Behrens to vice president of risk management. Riverside County's Credit Union, Calif., has named Ann Grafsky assistant vice president for strategic planning and Elaine Walker assistant vice president for branch operations. Redwood Credit Union, Santa Rosa, Calif., has named Renee...

GERMANTOWN, Tenn. - Account aggregation firm uMonitor, which is trying to increase its presence in the CU industry through strategic partnerships with established CU vendors, has signed an agreement with Terra Lycos, a leading global Internet network firm. Just two weeks ago uMonitor announced a strategic partnership with CU Internet...

WASHINGTON - She's been labeled a "meticulous jurist," and "even-tempered," and her experience has been called into question by some experts on antitrust law. But U.S. District Judge Colleen Kollar-Kotelly made a name for herself last year in credit union circles when she ruled overwhelmingly in their favor allowing them...

It can be hard to say good-bye. CUNA Mutual Senior Vice President of Communications and Public Relations Larry Blanchard threw together a surprise retirement party for departing NCUA Director of Public and Congressional Affairs (PACA) Bob Loftus. Invitees included many of Loftus' former co-workers including Blanchard, NAFCU Communications Manager John...

COLORADO SPRINGS, Colo. - Big banks are operating their personal trust business "on remote control," and so Colorado credit unions stand a good chance of carving out new business, according to a Colorado Springs CU executive drawing on experience as a bank president. Charles Emmer, president of the $1.3 billion...

AUSTIN, Texas - Should we or shouldn't we? That was the question University FCU had to answer two years ago concerning whether it should continue ITS indirect auto loan program. For seven years, indirect lending had contributed to the bulk of the CU's auto loan portfolio, but increasing problems with...