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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,...

DENVER - The $2.4 million, 1,398 member Denver Community Development Credit Union merged with the $196 million Denver Community Federal on June 25. But the same day, according to Denver Community Federal, one of its members' hauled it into court in an involuntary chapter 11 bankruptcy proceeding. "As far as...

ALEXANDRIA, Va. - NCUA has joined the CO-OP Network and other ATM industry authorities in reminding credit unions that they have to have all their ATMs up and running with the new encryption standards before the end of 2005. The letter to credit unions didn't reveal anything new about the...

SAN ANTONIO - After a five-month long renovation San Antonio Federal Credit Union (SACU) has celebrated the grand re-opening of its remodeled Windsor Branch. "The concept for the remodeling is to make SACU a `home away from home' for members," SACU President/CEO Jeff Farver. "Every change is aimed at making...

WASHINGTON-The Government Accountability Office's report concerning secondary capital for credit unions, is not going to be a ringing endorsement in favor of the option, according to one lobbyist. CUNA Vice President for Legislative Affairs and Senior Legislative Counsel Gary Kohn told Credit Union Times that reliable sources have informed him...

American 1 Federal Credit Union, Jackson, Mich., has awarded eight high school graduates with $1,000 scholarships based on essays written about each student's commitment to altruism. This year's receipients include Lucas Vanderpool, Ryan Cherry, Kari Williams, Lucas Laura Frantz, Megan Fitzpatrick, Amanda Hoath, Sarah Harding, and Ben Wilson.

DENVER - Bellco Credit Union has lent a helping hand to Denver's needy children with a recent $25,000 donation to children's shelter Mount Saint Vincent. The funds raised during Bellco CU's annual charity golf tournament will be used toward a $2.5 million campaign for Mount Saint Vincent's nearly completed new...

HARRISBURG, Pa. - Pennsylvania Secretary of Banking Bill Schenck intends to propose reforms to the state's anti-predatory lending law later this year, the Harrisburg Patriot-News reports. The law currently on the books took effect two years ago, but mortgage foreclosures in the state have hit record highs and consumer advocates...