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Recently, NCUA Board Member Debbie Matz, speaking to a meeting of the American Association of Credit Union Leagues, cautioned against offering "bounce protection programs through third parties which charge very high fees." It has been my experience, as counsel for a large provider of these services, that the fees charged...

ANN ARBOR, Mich. - Martin Luther King Junior Elementary School has signed a Partnership Agreement with MidWest Financial Credit Union to open a student-run credit union branch at the school. "When the credit union approached King about this program, I asked them to present the idea to the students," said...

WALLINGFORD, Conn. - SmartSource Solutions, LLC, the wholly owned technology CUSO of Constitution Corporate CU has named Joanna Gonzales sales director. Gonzales will be tasked with increasing SmartSource's overall presence in the regional and national markets, formulating and implementing new business solutions and assisting clients in selecting products that facilitate...

RIDGECREST, Calif. - AltaOne Federal Credit Union is going after the business owners in its membership, launching the Commercial Integrator solution from its core processor, USERS Inc. The $436 million CU has more than 1,700 business accounts already and wanted to be able to handle the more complex deposit and...

Unitus Community Credit Union, Portland, Ore., has broken ground on its Clackamas branch. The credit union's fourth branch will be a full service branch, offering a complete line of deposit and loan products and services, as well as financial planning services and will feature self-serve deposit boxes that operate by...

COLLINSVILLE, Ill. - Jim Bright, president/CEO, Scott CU died Jan. 22 from a massive heart attack. He was 58 years old. EVP Frank Padak has been named Acting President of Scott CU. SCU, the fourth largest credit union in the St. Louis Metropolitan area, has more than $355 million in...

PLANO, Texas. - The $1.4 billion Community Credit Union's possible shift to a mutual bank charter has entered a quiet period. The NCUA has not yet approved the credit union's disclosure statements and the credit union has pledged to remain mum until that happens. But just because Community has decided...

Gwinnett County Federal Credit Union, Lawrenceville, Ga., staffers teamed up to donate items for a special basket filled with pink "treasures" to raise money during the American Cancer Society's breast cancer awareness program-Relay for Life. Basket contents were raffled off and helped collect over $1,200. Members and employees raise money...