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WASHINGTON - Trying to find out what a CEO earns at a federally-chartered credit union has traditionally been protected under tax-exemption shelters, but compensation figures may be among the next layer of disclosures banking groups are pushing to expose. For several years, FCUs had to file IRS Form 990 or...

NEW YORK - With all the numbers tallied - 2,600 patrons served, 595 new credit union members recruited, more than $3 million in tax refunds filed - partners in the 2003 Volunteer Income Tax Assistance (VITA) sites organized by the New York City Financial Network Action Consortium (NYCfNAC) are calling...

AUSTIN, Texas - Wincor Nixdorf, a manufacturer which has supplied machines mostly across Europe but which has been courting U.S. credit unions, has announced a contract to put versions of its Procash ATM machines in over 2,500 post offices across the U.S. The APC is based on Wincor Nixdorf's machines...

ARLINGTON, Va.-The Credit Union Economics Group has said that the remainder of this year through 2005 should bring increased lending and slower deposits for credit unions. CUEG's latest report shows an anticipated GDP growth of 4.4% in 2004, and 3.9% in 2005, a slight improvement from their previous forecasts. "The...

WASHINGTON - More taxpayers are opting for traditional individual retirement accounts than other related plans, the IRS report. From its Spring 2004 Statistics of Income Bulletin, the IRS reported that at the end of 2000, 46.3 million taxpayers held IRAs worth $2.6 trillion in fair market value. The bulk -...

ATLANTA - The $1.2 billion SEFCU based in Albany, N.Y. recently converted core processing platforms from Fiserv's AFTECH to Harland's ULTRADATA. The new system is run on a UNIX-based Hewlett-Packard 9000 rx5670 system and the jBASE database management system. The CU cited ULTRADATA's openness as one of the reasons for...

WASHINGON - MBNA, the largest purchaser of credit union's credit card portfolios, has joined a coalition of major card issuers to educate consumers about card fraud prevention, credit information and credit scores. In addition to MBNA, other issuers include Capital One, Chase Manhattan Bank, Citigroup, Discover and MBNA. The coalition...

ARLINGTON, Va. - Credit unions have relied on minimum balances and monthly fees to control share draft account expenses over the last couple years while earnings have been tight. NAFCU's July Flash Report survey discovered that 39% of respondents used minimum balances on share draft accounts to help control expense,...