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NEW YORK - Wire services reported on December 3 that Wal-Mart has said, as of February 1, 2004, it will stop accepting MasterCard's debit product in which a cardholder validates their transactions with a signature because the fees are too high. Wal-Mart is the world's largest retailer and was the...

BOISE, Idaho - Groups involved with the First Accounts program here, including the Idaho Credit Union League, will stage a financial fair December 13 in Nampa to provide a wide variety of information plus the opportunity to actually open accounts on the spot at credit unions and banks. Three days...

WASHINGTON-For the first time since its inception, NCUA's Community Development Revolving Loan Fund could receive an infusion of more than $1 million from Congress. Prior to Congress' adjournment a compromise omnibus appropriations bill, which has yet to be passed in either chamber of Congress, was worked out that included $1.2...

PORTLAND, Ore. - A group of concerned credit union members are organizing to force another vote in Columbia Community Credit Union's attempt to change its credit union charter to that of a state chartered mutual bank. A majority of 16% of the Vancouver, Washington-based institution's 60,000 members very narrowly voted...

SOUTHFIELD, Mich. - Service Centers Corporation, one of the three national shared branching networks, estimates 10% of credit unions in the country now participate in a shared branching arrangement. SCC pegs the number of CUs participating in shared branching at 1,174, though because the three networks each count their credit...

Ten Tips to Prevent Internal Fraud *Set an ethical tone that starts from the top *Establish regular fraud detection procedures *Have a confidential 24/7 hotline *Educate employees about fraud *Have certified fraud examiners on staff *Involve suppliers in fraud detection efforts *Take all tips seriously and investigate *Decide who will...

LATHAM, N.Y. - The New York State Shared Service Centers has launched a new marketing campaign to play up the convenience of the nationwide shared outlet system. Targeting "snowbirds", the campaign reminds members they "Take Your Credit Union on Vacation" when traveling by looking for locations featuring the Credit Union...

WASHINGTON-A U.S. General Accounting Office report released in November highlighted the fact that the National Credit Union Share Insurance Fund is the only federal insurer without risk-based pricing. According to CUNA Chief Economist Bill Hampel, the point is nearly lost on credit unions. "The efficiency of a risk-based premium system...