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Affinity Federal Credit Union, Bedminster, N.J. has promoted Donna M. LoStocco to vice president of member development/political affairs and Lisa Lombardo to assistant vice president of operations.

I want to commend NCUA Chairman Dennis Dollar for reminding us (Credit Union Times, June 20) of the critical decision credit unions, Congress and NCUA made, in 1984, when we implemented the current 1% deposit system to re-capitalize the National Credit Union Share Insurance Fund (NCUSIF). Soon after, some banking...

Educational Community Credit Union, Jacksonville, Fla., has named Loraine Irons "Employee of the Quarter". This is the second time Irons has been recognized for her positive attitude bringing about positive results. Irons is currently teller supervisor at ECCU's downtown Jacksonville branch. ECCU has $500 million in assets and serves 70,285...

DENVER - Payment processing and e-commerce provider First Data Merchant Services, a subsidiary of First Data Corp., has launched direct connections to three of the nation's regional debit networks. First Data's front-end payment processing systems now switch on-line debit point-of-sale transactions directly to the NYCE, Pulse, and Star networks. Plans...

TORONTO - Some credit unions aren't doing all their financial analyses before pricing their products. In fact, some do nothing but react to competitor pricing. CUNA Mutual says it's going to help take the guesswork out of product pricing with its new I-Price solution. CUNA Mutual partnered with Farin &...

Does your credit union's strategic plan include objectives such as increasing the number of member relationships and becoming your members' primary financial institution? If it does, "Should your credit union originate mortgage loans and retain servicing on members' mortgages?" Sometimes the obvious answer is not correct. Credit union managers typically...

WASHINGTON-The House Financial Services Committee passed H.R. 1408, the Financial Services Antifraud Network Act, introduced by freshman Congressman Mike Rogers (R-Mich.). The legislation aims at creating an antifraud network between the nation's more than 250 financial regulators to share information in hopes of better preventing financial fraud schemes. The bill...

WASHINGTON-CUNA Associate General Counsel Mary Dunn testified before the Internal Revenue Service (IRS) in opposition to its proposal on reporting of deposit interest paid to nonresident aliens. Dunn was the only credit union representative to testify. "We don't know how horrendous this is going to be," Dunn told Credit Union...