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WASHINGTON-An election year often slows up legislation and it is typically the more controversial items, like appropriations. NCUA's Community Development Revolving Loan Fund and the Central Liquidity Facility borrowing authority have been caught up in the slow movement inside the beltway. According to NCUA Director of Congressional and Governmental Affairs...

HARRISBURG, Pa. - Lonny Maurer has his son to thank for getting him interested in building collector race cars. The 53-year old president/CEO of Bellco Community CU got the idea of building a replica of a 1965 Cobra when his son Andy was two (he's now 20 years old). "I...

SALEM, Ore. - Acting on a tip it received and after investigating for 10 months, Oregon Attorney General Hardy Myers on July 1 filed a $239,000 settlement with an auto buying brokerage operated by a CUSO owned by SELCO Community CU, Eugene, Ore. requiring the CUSO to immediately stop advertising...

Riggs Bank in Washington, D.C. was recently fined $25 million for Bank Secrecy Act (BSA) violations. This is the largest penalty ever for BSA violations. In the recent past, NCUA has issued a Cease and Desist order to correct deficiencies in a credit union's BSA program and placed another credit...

PORTLAND, Ore. - CU Business Group - owned by Northwest Corporate, FirstCorp, Empire Corporate, Mid-States Corporate and First Carolina Corporate - has surpassed the $100 million mark in terms of business loans it has helped credit unions close. CU Business Group, originally formed by Northwest Corporate, started working with credit...

SYDNEY, Australia - Australian credit unions consider themselves among the lucky few who haven't experienced a real technological attack as yet. But they're not taking any chances and want to lock the barn door before the horses are stolen, at least as far as high tech crime goes. That's why...

WEST PALM BEACH, Fla. - According to Weber Marketing Group President Mark Weber, on-campus credit union branches face their own unique design challenges since the space itself has to serve not only students but professors and their families as well-not to mention dealing with the competition. "It is not uncommon...

AVON, Conn. - COCC plans to pass the savings from Check 21 on to its processing clients by acting as an image-exchange broker, the company says. "Our strategy is to aggregate the outgoing check images, ship them electronically to the exchanges that offer the best funds availability and lowest processing...