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KENNESAW, Ga. - Online lending provider FIData, which has approximately 100 financial clients, 95 of which are CUs, has been acquired by MicroBilt Corp. FIData, a subsidiary of New Century Equity Holdings, cut an undetermined number of jobs in August. New Century is a holding company focused on investing in...

FAIRFIELD, Ohio and CINCINNATI - HAMBUCO Federal Credit Union and the Mutual Benefit Credit Union, Inc. have signed a letter of intent to merge. Twenty percent of the HFCU membership must vote on the merger proposal by November 27, 2001. If the merger passes it will create one of the...

WASHINGTON - Should auto finance companies be required to make Reg Z-type disclosures to consumers when they offer auto loans with APRs at or near 0%? In the mid-eighties, the Fed said this would not be feasible, but now CUNA wants the Federal Reserve Board to go back to the...

SANTA ANA, Calif. - Up until last month, Orange County's Credit Union offered mortgage products to its 53,000 members through third party vendors. Now the $538 million CU has formed a mortgage CUSO, PrimeDirect Mortgage, that will offer a full-range of mortgage products, including fixed and adjustable rate mortgages, Federal...

NEW YORK - Lucy Ito, vice president, World Council of Credit Unions was one of a group of three distinguished panelists who addressed the United Nations on October 17 at its International Day for the Eradication of Poverty. The panel was chaired by His Excellency Jose Roberto Andino Salazar, representative...

TINTON FALLS, N.J. - The downturn in the telecommunications industry is having a significant impact in New Jersey, home to major firms such as AT&T, Lucent Technologies and Telcordia (formerly Bell Communications Research), with thousands of employees facing layoffs and forced into early retirement. At United Teletech FCU, whose field...

ALEXANDRIA, Va.-While the Deloitte and Touche study of the overhead transfer rate found no abnormalities in NCUA's setting of the transfer rate from the insurance fund to cover insurance-related expenses, it did suggest the agency tweak a few things. Last year the NCUA Board voted to raise the overhead transfer...

If the number of meetings scheduled for next year is supposed to be dropping, someone forgot to tell the credit union industry. The largest and most complete listing of credit union meetings, conferences, conventions, institutes, caucuses, seminars, symposiums, and workshops scheduled in 2002 is included in this issue of Credit...