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SACRAMENTO, Calif. - The California State Senate by a vote of 32-5, passed a bill introduced by state Sen. Joe Dunn (D-Garden Grove) that would allow state-chartered credit unions to cash checks, wire money, and provide other lifeline financial services to potential members. SB 1292 would expand affordable financial services...

MARYVILLE, Tenn. - Alert cardholders who observed that a notice on their ATM contained a misspelling helped stop a skimming scam at the ATM. According to a story in the Maryville Daily Times, the cardholders grew suspicious about a notice which read "due to recent fraud attempts at this ATM...

ELKHART, Ind. - Congressman Chris Chocola (R-Ind.), a supporter of credit unions' tax exempt status, stopped by Bayer FCU when he was in town on May 25. The first term congressman who also supports the Financial Services Regulatory Relief Act of 2004 - H.R. 1375 - toured the CU's facility...

DAYTON, Ohio -Metavante, which manages 9,000 ATMs across the country, has certified NCR's "No-envelope" deposit technology. Metavante of course is becoming a bigger player in the EFT market with its plans to acquire NYCE for $610 million. Metavante has certified NCR's bunch-note acceptor component and iTRAN 1000 check-processing module, which...

ALEXANDRIA, Va.-The Federal Deposit Insurance Corporation has asked the public for their opinion on whether stored value card funds should qualify as deposits under the Federal Deposit Insurance Act. Financial Institution Letter FIL-44-2004 states that the FDIC has proposed that funds placed in a bank or thrift by a sponsoring...

ARLINGTON, Va. - The Michigan Office of Financial Institutions - the first state regulatory agency to earn NASCUS accreditation in 1989 when the accreditation program was adopted by the NASCUS Board - has earned five-year reaccreditation by the association. As the first state accredited by NASCUS, Michigan becomes the first...

Alaska USA Federal Credit Union, Anchorage, has named Mary Dean Homer office manager and senior loan originator of its CUSO Alaska USA Mortgage Company. Sierra Schools Credit Union, Reno, Nev., has named Kellie George business development specialist. America First Credit Union, Riverdale, Utah, has appointed the following employees to senior...

The stepped up pace of credit union charter conversions from federal to state, state to federal, and both state and federal to bank charters, has caused several unexpected consequences. At one point there seemed to be a flood of conversions away from the federal charter to what was considered to...