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WASHINGTON - One month after it dismissed KPMG LLP as the independent auditor for Fannie Mae, the firm's Audit Committee of the board of directors approved the selection of Deloitte & Touche LLP as the company's new independent auditor. The Audit Committee's dismissal in December of KPMG was part of...

WASHINGTON-Credit unions started the year on a sad note as news came of the death of Congressman Robert Matsui (D-Calif.) on Jan. 1, 2005. Matsui had been fighting a rare stem cell disorder called Myelodysplastic Disorder in recent months. He entered Bethesda Naval Hospital Dec. 24 with pneumonia, a complication...

WASHINGTON-The credit union lobby has heaped a lot on their plates for the New Year, double dipping on a number of oldies, but stomachs on Capitol Hill are already filling up fast. A favorite perennial of credit unions and other lenders has been bankruptcy abuse reform legislation, aimed at curbing...

VALLEY FORGE, Pa. - A move into commercial processing for credit unions and record growth made 2004 a good year for USERS Inc., the Fiserv unit says. The core processor converted or signed 16 new credit unions in 2004, and among its product introductions was the Commercial Integrator solution, which...

WEST PALM BEACH, Fla. - Living the "people helping people" philosophy, credit unions are stepping up to help victims devastated by the tsunami that affected 11 nations bordering the Indian Ocean. Many credit unions, such as Lake Michigan CU and Security Service FCU, have already established accounts to accept donations...

SPANISH FORT, Ala. - The Education Credit Union Council is unveiling Information Edge, a Web site specifically targeted at small credit unions that don't have the in-house expertise or budget to originate their own. The site is being developed by Remar Sutton and Associates, Atlanta. Launch date for all credit...

Americans have opened their hearts and wallets to help the victims of the tsunamis, but knowing who to give to can be daunting. Will the organization ensure most of the donation goes for relief efforts? Is the organization reputable? These are some of the questions that Web sites such as...

SeaComm Federal Credit Union, Massena, N.Y., has recently held a ribbon-cutting event at its newest branch in Canton. The full service facility will be open Monday thru Saturday and will start out with a staff of 5, a number that is expected toincrease in the next few months. This newest...