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ALBANY, N.Y. - The New York State Assembly and Senate ended their 2004 legislative session on June 29 with both houses approving the Credit Union Membership Parity Act of 2004. The bill is now headed for Gov. George Pataki's desk and is expected there sometime over the summer. The measure,...

WASHINGTON- Credit unions have the support of House Majority Leader Tom DeLay (R-Texas) on the growing taxation debate. DeLay recently sat down with the staff of CUNA's CU NewsWatch for a Q&A and came out in favor of credit unions' tax-exempt status, among other things. In the June 28 edition...

WASHINGTON-CUNA attended a meeting hosted by the Department of Homeland Security last week aimed at raising various organizations' awareness of National Preparedness Month coming up in September. DHS is trying to get a large number of groups with a broad reach involved in promoting National Preparedness Month, the goal of...

DALTON, Ga. - Georgia Federal Credit Union's Dalton branch goes to the head of the class for innovation in promoting its home equity and other consumer loans. Staffers played up a graduation theme by sporting graduation caps and gowns while handing out "diplomas" imprinted with GFCU's home equity and car...

ST. LOUIS - Results from a recent survey conducted by pollster Maritz Inc. show the largest proportion of U.S. consumers believe that shareholders benefit most from bank mergers while bank employees benefit the least. When asked to rate how each of several groups were impacted by bank mergers, 65% of...

PURCHASE, N.Y. - MasterCard International says that 1.5 million merchant locations across the U.S. accept its debit card for transactions in which a cardholder validates their purchase with a personal identification number. The number two card brand called the number "unsurpassed." Five million merchant locations around the U.S. accept the...

NEW YORK - The U.S Patent & Trademark Office has seen an increase in the number of financial planners that have applied for patents to protect their ideas and strategies. Patenting financial planning strategies are grouped in the business-method patents category and became popular after a 1998 federal appeals court...

WASHINGTON - In a joint letter to House Ways and Means Committee Chairman Bill Thomas (R-Calif.), the American Bankers Association and America's Community Bankers have asked that federal credit unions' exemption from filing a Form 990 with the Internal Revenue Service be revoked. Credit unions presently do not have to...