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ALEXANDRIA, Va. - Corporates have been asking for it, and they got it - guidance from NCUA on complying with the Bank Secrecy Act. The main point of confusion for corporates was how can they report on what individuals do in terms of suspicious wire transfers under BSA, when the...

WASHINGTON-Congress unanimously passed the Identity Theft Penalty Enhancement Act last week and sent it to President George W. Bush's desk for signing. Before leaving for the Fourth of July recess, the Senate approved H.R. 1731 by unanimous consent, which had already passed the House by a voice vote. The bill...

CommunityAmerica Credit Union, Lenexa, Kan., Supervisory Committee Director Allan Paul Tilton has died at the age of 68. Tilton was appointed to the supervisory committee in January of 2001 and served for over three years. Tilton served his country for 20 years as a Navy pilot, during which time he...

ALEXANDRIA, Va.-NCUA employees voted 345-220 in favor of organizing a union. The Federal Labor Relations Authority conducted the nationwide vote, which had been going on for the last 30 days and culminated in a final in-person vote at the agency's headquarters June 30. The FLRA's San Francisco office reported the...

HUNTSVILLE, Ala. - Terry Wolde of Wolde Flooring, LLC made history last week when he became the first recipient of a U.S. Small Business Administration loan through Redstone Federal Credit Union. The $1.6 billion credit union celebrated the milestone on June 24, according to Jack Wright, assistant vice president, business...

HARRISBURG, Pa. - The Pennsylvania Credit Union Association is reminding credit unions to exercise due diligence reviews on safekeepers of their investments in the aftermath of the Bentley Financial Services, Inc. scandal. In 2001, the SEC obtained temporary restraining orders and asset freezes against Bentley Financial in connection with a...

GREENSBORO, N.C. - State Employees' Credit Union earned the annual Louise Herring Award in recognition of its Salary Advance Loan Program. The account is designed to help people who use SECU's Salary Advance Loan save funds by requiring users to deposit 5% of the loan amount into a Salary Advance...

ARLINGTON, Va. - An organization founded by the ATM Industry Association to combat crime at automated teller machines worldwide has inaugurated an information system that it said should help law enforcement and ATM deployers prevent ATM crime. The Global ATM Security Alliance created the ATM Crime Information System to particularly...