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OVERLAND PARK, Kan. - U.S. Central put its staff through a disaster recovery drill last Saturday at its underground contingency facility. The successful test allowed U.S. Central to test all critical data processing functions typical of any given day of business. The drill was scheduled several months ago, however U.S....

DULUTH, Ga. - Look out CoinStar, Georgia Credit Union Affiliates and 23 statewide credit unions will now offer free coin counting services to members. cu-coin, the first credit union system free coin-counting operation in the state of Georgia, launched on October 2. Members can bring their loose coins to their...

OAKLAND, Calif. - The Oakland City Council Oct. 2 unanimously passed an anti-predatory lending ordinance that regulates many of the most abusive practices that characterize predatory lending. Addressed in the law are loan flipping, high points and fees, prepayment penalties, the financing of single premium credit insurance, steering borrowers into...

Looking back five years ago finds the credit union movement being called to action. In his first meeting with the press since taking over as CUNA CEO Dan Mica said, "We're a small entity but there is a fervor about what we do. There is an intensity and a belief...

ALBANY, N.Y. - New procedures making it easier for the state's 39 state-chartered credit unions to add select employee groups went into effect Sept. 19. Gov. George Pataki signed into law a bill introduced by Sen. Hugh Farley (R-Capital) and Assemblywoman Aurelia Greene (D-Metro) that gives CUs the flexibility to...

OVERLAND PARK, Kan. - U.S. Central's Corporate Network eCom unit is now offering natural person CUs a middleware product for the Summit Systems and Symitar Systems core processing systems. Corporate Network eCom will be utilizing corporate CUs to market the product to credit unions. The solution, called MemberBridge, was originally...

COLUMBIA, S.C. - When the term virtual private network (VPN) entered the lexicon of financial technology, it had a pretty specific meaning: a pipeline of data transfer through the wide-open Internet secured by SSL or other encryption methods. That definition is now expanding. For instance, there's this from Harold Randolph,...

EAU CLAIRE, Wis. - The deal is done. There's no more rhetoric or battles about this one - the $110 million Citizens Community FCU has finally converted to a mutual savings bank. Approximately four years later from the time the CU first tried to convert, it has succeeded. The new...