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WASHINGTON-A newly released study by the Government Accountability Office concluded that there is "no compelling need" for credit unions to gain a secondary capital option that would count toward their net worth level for the purposes of Prompt Corrective Action. Three arguments that industry officials have been making are that...

LOS ANGELES- Southern California credit unions are finding that a cooperative advertising campaign to educate individuals about the credit union option is paying dividends. According to a study by Strata Research for the credit unions, more residents are now aware that most Californians are eligible to join a credit union...

WEST DES MOINES, Iowa - There's a new hire at The Members Group here. Robyn Dennis has been appointed training specialist. Dennis was formerly with Greater Iowa Credit Union in Ames. The Members Group is a national provider of credit union products and services and a subsidiary of the Iowa...

AUSTIN, Texas - More than 300 credit unions in three states will have the ability to offer their members insurance products under their own private label. First Lenders Data, Inc. has aligned with Marlboro, Mass.-based Members Insurance Agency, LLC, an insurance solution provider owned by the Massachusetts, New Hampshire and...

ARLINGTON, Va. - Now that the Federal Reserve has hiked the prime rate, how long will it take for MBNA, a leading purchaser of credit union card portfolios, to change the rates on its credit union cards from fixed to variable rates? According to card analyst reports from the stock...

BOULDER, Colo. - Most discussion about risk-based lending focuses on what it means to members with poor credit. But more than 10 years ago, planners at Premier Members Federal Credit Union - then IBM Rocky Mountain Employees FCU - were concentrating on borrowers with A+ and A paper. The question...

ORLANDO, Fla. - A woman who had worked for a credit union for just over two months was killed September 7 during an early morning robbery attempt at the branch where she worked. Dianne Goigel, vice president of marketing for the $1 billion Fairwinds Credit Union, headquartered in Orlando, said...

BLOOMINGTON, Ind. - Indiana University Employees Federal Credit Union (IU Credit Union) Vice President Human Resources Julie K. Ragsdale and Training Coordinator Natalia Rayzor have recently added a few certificates and designations to their titles. Ragsdale has earned a Certified Compensation Professional designation and a Certified Benefits Professional designation from...