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WASHINGTON - In the end, the simmering fight between federal anti-trust regulators and two ATM network giants seeking to merge ended not with the bang of a judge's gavel but with the relative quiet of a negotiated settlement. In a deal announced December 15, lawyers for First Data Corporation, Concord...

WASHINGTON-Senate Banking Committee Chairman Richard Shelby (R-Ala.) has been added to the growing list of speakers for CUNA's 2004 Governmental Affairs Conference. Shelby joins the GAC speaker list with Federal Reserve Board Chairman Alan Greenspan and Treasury Secretary John Snow. It will be his first address to the GAC since...

ALEXANDRIA, Va.-Arguably the most important news to come out of NCUA's December Board meeting was that the insurance fund's operating level remains the same. The NCUA Board voted unanimously to maintain the National Credit Union Share Insurance Fund's operating level at 1.3%. Because federally insured credit unions remain well capitalized...

The first issue of Credit Union Times for the year means it is time once again to peer into the crystal ball for my annual credit union industry predictions for the next 12 months. No matter how credit unions are measured, impressive records will be achieved in virtually all significant...

PURCHASE, N.Y. - A week prior to her Dec. 10 resignation at Kraft Foods Federal Credit Union, former president/CEO Holly Herman participated in a spirited Webinar discussion on clearly defining the roles of directors and CEOs through the policy governance model. "We had a lot of leaders and no clear...

WAYNESBORO, Va. - The DuPont Community Credit Union field-of-membership case involving the Virginia Bankers Association's appeal of a decision by the commissioner of the state Bureau of Financial Institutions to approve FOM expansion request by the credit union has been scheduled before the State Supreme Court for Jan. 14, 2004....

ARLINGTON, Va. - The deadline for interested applicants to send their resumes to NASCUS for the position of president/CEO officially ended December 8, and now the seven-person CEO Search Committee is in the process of reviewing the resumes it received and narrowing the list to no more than 20 applicants...

ALEXANDRIA, Va.-In a recent legal opinion letter (03-0964), NCUA stated that it is permissible for a federal credit union to rely on individual taxpayer identification numbers (ITINs) and the matricula consular identification cards or state identification cards to open a loan account. According to the letter, the board of Chicanos...