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NEEDHAM, Mass.- A TowerGroup research report titled A Phish Tale? Moving From Hype to Reality finds that despite the media attention to email "phishing" scams, direct fraud losses attributable to phishing may be less than expected. The actual dollar value of phishing-related fraud is expected to total just $137.1 million...

More Effort Needed to Prevent, Detect Identity Fraud PLEASANTON, Calif. - A recent Javelin Strategy & Research study finds that while a few financial institutions have focused on identity theft and related fraud resolution, they must "deputize" consumers to help contain the threat. For example more financial institutions should be...

MOORPARK, Calif. - U.S. New Mexico Federal Credit Union of Albuquerque, the state's third largest CU, has contracted with XP Systems for a new core processing system. The $415 million institution will be converting to the XP2 platform from the Fiserv unit. It's currently being served by another Fiserv unit,...

Wy-South Federal Credit Union, Wyandotte, Mich., has broken ground on a new Flat Rock branch. With the talents of Sarnacki & Associates Architects and FH Martin Constructors the new 5,980 square-foot facility will feature a lobby with a children's play area, three loan offices, six teller windows, three drive thru...

PLYMOUTH, Mich. - For the second year in a row, Community Financial staffers walked away with the championship trophy from the Community Literacy Council's annual Spelling Bee competition. This was the 14th year of the spelling bee competition and Community Financial has participated for the past five years. The champion...

PORT HURON, Mich. - In an unusual cooperation, the $146 million E&A Credit Union and the $5.5 million MPG Credit Union, headquartered in Romeo, Michigan, have joined forces to place an ATM in Romeo. The ATM is an E&A machine that sits on an MPG site. The machine bears the...

NORTH TOWNSHIP, Mich. - The Michigan Credit Union League Cooperative Advertising Forum has come up with a strategy to help get the credit union message out in 2005. With a recent approval for a $1 million pool of matching placement funds by the MCUL board, the Co-op Ad Forum has...

WASHINGTON-CUNA took advantage of the lame duck session to attend events welcoming in the new class of lawmakers. CUNA Legislative Affairs Manager Linda Gualtieri went to a meet and greet event where she spoke with incoming-Republican Representatives Mike Sodrel (Ind.) and Lynn Westmoreland (Ga.) before Thanksgiving. She also posed with...