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WASHINGTON-The U.S. Small Business Administration reopened its 7(a) loan program Jan. 14 after a temporarily halt with an additional $470 million in lending authority and a $750,000 loan cap. Short of funds because of Congress' failure to pass the omnibus appropriations bill, SBA temporarily halted 7(a) guarantees on Jan. 6....

PURCHASE, N.Y. - With a little more than two weeks remaining before its signature debit cards are banned from Wal-Mart stores, MasterCard has fired back. A survey the card brand commissioned with the Harris opinion research firm found that nearly two-thirds (63%) of respondents say their feelings toward a store...

PETERBOROUGH, N.H. - Brookwood Capital, perhaps the youngest and least recognized of the credit card portfolio brokers, reported having facilitated the sale of between 10 and 12 credit card portfolios in 2003, roughly half of them representing credit union sellers according to Tim Kolk, Brookwood's Managing Partner. The firm's other...

WASHIINGTON - From the looks of it, the CUNA District 1 Class B board seat will probably go uncontested. At press time, John Prumo, president/CEO of GPO Federal Credit Union in New Hartford, N.Y., was the only candidate submitted. The deadline to submit nominations was Jan. 16. If Prumo is...

HOUSTON, Texas - Auto Financial Group, an online provider of residual-based financing products for credit unions, has formed a partnership with Membership Marketing Support Services, a company that specializes in marketing for credit unions, to deliver a "state-of-the-art" vehicle balloon loan-financial product - MAPS - to credit unions with an...

Heritage Federal Credit Union, Newburgh, Ind., has promoted Mark Hudson to vice president of consumer lending and Tony Freels to assistant vice president of internal audit. CUES, Madison, Wis. has promoted Kristina Mattson to vice president of membership; Teri Schacker to vice president of marketing; Jenny Mueller to Web/e-commerce manager;...

According to a recent Mediamark Research survey, while some 68% of teens age 12 to 19 say they decide how they spend their own money, only 12% agree with the statement "credit cards are great". Here is a look at some other findings: * 59% believe "Credit cards are dangerous...

HALES CORNER, Wis. - Some corporate leaders admit that the average member of Congress might not be aware of what a corporate credit union is, but they're working on changing that. The Association of Corporate Credit Unions has a new program in place to try and get members of Congress...