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State Employees CU of North Carolina CEO Jim Blaine wielding a hammer is not a comforting image, especially if you're a piggy bank like the one he's smashing here. Blaine is once again seeing red on an issue, this time it's credit unions abusing overdraft programs. See story page 6.

WASHINGTON - The American Banker's Association has reported that credit card delinquencies remained relatively flat in the third quarter of 2004 even as delinquency on other sorts of loans such as autos increased. "The results are mixed," said James Chessen, ABA's chief economist. "The slight improvement in credit card delinquencies...

While getting out of debt rounds out the top three New Year's resolution after getting in shape and eating healthier, a recent LendingTree.com survey finds those who make such financial resolutions do so with somewhat feeble conviction: *80% of the respondents who make financial resolutions do not plan to seek...

WEST PALM BEACH, Fla. - Early credit union fundraising efforts have led to some big results to benefit tsunami victims. In Eugene, Oregon Community Credit Union's 14-hour joint telethon with Cumulus Broadcasting and the American Red Cross has helped raise over $60,000 for Tsunami relief efforts. All of the money...

WASHINGTON - Loan approvals for the SBA's 7(a) program are up over the past two years despite last year's increase in fees for borrowers and lenders. The SBA has already approved 23,197 loans totaling $3.56 billion since the start of its fiscal year, which began Oct. 1, 2004. That's compared...

RIVERWOODS, Illinois and HOUSTON - The 4,100 member financial institutions in the PULSE EFT Association, about 1,000 of whom are credit unions, have approved overwhelmingly the proposition that they will become the first financial institution partners with Discover Financial Services. Cindy Ballard, executive vice president with PULSE could not say...

RANCHO CUCAMONGA, Calif. - Just as the number of delinquent and bankrupt accounts increases each year, so does the need for credit unions to step up their collection efforts. The California Credit Union League here recently formed a partnership with two collection agencies to meet the growing collections needs of...

WISCONSIN RAPIDS, Wis. - David Stark, the CEO of the $92 million Bull's Eye Credit Union, admits that, for a CEO, admitting to an erroneous judgment can be a challenge, but when it comes to his credit union card portfolio he cheerfully acknowledges his mistake. "I was pretty firmly of...