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ARLINGTON, Va. - Think the recent uptick in the number of state-chartered credit unions in Utah that have recently converted or applied for a federal charter points to a `flight' from the state-chartered credit union system, better think again, say NASCUS officials. It's just the natural ebb and flow of...

FARMERS BRANCH, Texas - Individual development accounts by definition appear to be a product well suited for credit unions, but no "plug-and-play" package exists for credit unions interested in pursuing IDAs, and what works for one financial institution may spell failure for another. To educate credit unions on the benefits,...

NEW YORK - Credit unions in New York looking to promote their services now have a new venue. In an effort to advocate financial literacy and to encourage consumers to use reputable lending organizations, the New York State Banking Department has created the Financial Empowerment Clearinghouse - an online directory...

ARLINGTON, Va. - Credit card fraudsters have begun to pass themselves off as cardholders with good credit ratings while perpetrating the latest type of credit card fraud, fraud experts have said. In so-called "bust out" frauds, perpetrators inflate established credit card balances with bogus payments, and then either use or...

OVERLAND PARK, Kan.- CNBS President/CEO Brian Hague said this year is another record year for the firm, but the pace is much more torrid than last year. Year-to-date CNBS' dollar volume of transaction revenue is up 54% over the same time last year. "Each of the last 10 months has...

REDMOND, Wash. - A new program by Safeco Life Insurance Company may help credit unions here dangle health insurance as an incentive to lure or retain part-time staffers. Designed for companies with at least 51 full-time employees that employ predominately part-time, hourly, seasonal or temporary employees, the Select Benefits Indemnity...

BALTIMORE - A new Vertis survey finds that the new National Do Not Call Registry, which will be enforced by the Federal Trade Commission, the Federal Communications Commission and the states effective Oct. 1, 2003, may be good news for direct mailers. The Customer Focus survey finds that most consumers...

WASHINGTON-Treasury Department General Counsel David Aufhauser submitted his resignation to the president Sept. 2. "It is with both pride and regret that I respectfully submit my resignation as General Counsel of the Department of the Treasury effective September 30, 2003," Aufhauser wrote. "Pride because it has been a privilege and...