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LOS ANGELES - Water & Power FCU was approved by the California Department of Financial Institutions to convert to a state charter. Water & Power FCU, one of the largest credit unions in the city, has $330 million in assets and serves nearly 35,000 members. Kayleen Leone, senior vice president...

CARMEL, Ind. and DALLAS - Allied Solutions, LLC has launched an Internet-based vehicle title-tracking product incorporating electronic lien and title services. Powered by VINtek, an automotive industry software and services company, ELT allows credit unions to store digital lien notifications instead of paper titles. "We're pleased to offer our clients...

MADISON, Wis. - CUNA Network Services has released CU Build A Site II-Package Plus. With no contract commitment or upfront set-up fees, CNS said it's for CUs looking to limit costs of moving online. It is bundled with compliance services to help protect CUs from noncompliance with regulatory requirements. A...

ANN ARBOR, Mich. - The lending climate for all lenders is less favorable than it was two years ago, but the "Nonprime Mortgage Report Best Places to Lend" for nonprime mortgage equity continue to be concentrated in the Southwest, according to a study by University Financial Associates, publisher of the...

SOUTHFIELD, Mich. - Service Centers Corporation President/CEO Dan Balagna has revealed that 2001 is a record growth year, with transaction volumes expected to reach 93 million by yearend-a 30% increase. "This is an exciting time for SCC," said Balagna. "The investments we have made in our shared branching and EFT...

TROY, Mich. - Doeren Mayhew, one of the leading providers of audit and consulting services to credit unions, has entered into a joint venture with Management Recruiters of North Oakland County to provide recruiting expertise to credit unions. MRNOC is a network affiliate of Management Recruiters International (MRI) which specializes...

SAN DIMAS, Calif. -WesCorp recently hosted two executives from Mexico who are key players in PHANAL. PAHNAL (Patronato del Ahorro Nacional) is the Mexican Trust for National Savings and is involved with implementing the new Mexican banking law signed by Mexican President Vicente Fox in April of this year, part...

REDWOOD SHORES, Calif. - When Ludelle "Lu" Morrow started as the manager of Provident Central Credit Union in 1958, it boasted one employee, $300,000 in assets and 2,300 members. This year, as president and chief executive officer of the credit union, Morrow has watched as the financial institution achieved the...