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NEW YORK - The first group of recipients was announced by The Community Development Financial Institutions Fund for its new Small and Emerging CDFI Assistance (SECA) Component. Nineteen credit unions were among the 70 CDFIs awarded technical and financial assistance. The CUs received $2,362,000 out of the total of $8,004,150....

LONDON, UK - Seven proposals proposed by Her Majesty's Treasury would not only amend the Credit Unions Act of 1979 but would allow United Kingdom credit unions a chance to grow. Until recently credit unions have been limited in membership, services, deposits and loans to choking bounderies. This was changed...

SANTA ANA, Calif. - The Orange County Teachers Federal Credit Union and the Orange County Department of Education have teamed up to make computers a reality for school employees. From November 3-10, the first 1,000 members to order online at the OCDE Web site will receive a zero interest computer...

WEST PALM BEACH, Fla. -As part of the effort to return to normal, the week of October 15 kicked off with a proclamation written by President George W. Bush designating Thursday, October 18, 2001 International Credit Union Day and praising credit unions for their mission. "The commitment credit unions make...

SYDNEY, Australia - When the Reserve Bank of Australia (RBA) expressed some worries about a VISA debit card, credit unions, buildings societies and St. George and Bendigo Banks started talking. Together they put together a position paper on the product. "Visa Debit in Australia is a unique product that combines...

ALEXANDRIA, Va.-NCUA has been granting underserved area group additions at an unprecedented pace this year. In September alone, 20 total groups were approved for 15 federal credit unions creating an additional 1,505,154 new potential members. No applications were denied and 10 were deferred. Additionally, one federal credit union with $130...

INDIANAPOLIS - Internet solutions firm VIFI has been ranked 100th in the Inc. 500 annual listing. The Inc. 500 ranks the fastest growing private companies based on their increase in sales revenue over the previous five years. VIFI is ranked 100 due to a 2,353% growth between fiscal years 1996...

RANCHO CUCAMONGA, Calif. - CU Direct Corp., in a move the company says will help lower fees for credit unions participating in the CUDL network, has restructured its pricing based on funded contracts rather than each transaction through the CUDL system. Under the former pricing structure, credit union fees were...