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GROTON, Conn. - Ledge Light FCU, a $142.3 million credit union that serves more than 17,000 members including Pfizer Inc., its subsidiaries, and certain employee groups working at Pfizer locations, has partnered with GMAC Mortgage Corp. for the company to offer residential first mortgage products and services to its members,...

NEW YORK - 2004 marks a change in U.S. retail financial institutions' IT investment. A recent Datamonitor report, U.S. Retail Banking Technology Spending Strategies, predicts that U.S. retail financial institution IT investments will reach $37.8 billion in 2006, up from $33.5 billion in 2003. Although this growth is still lower...

Credit unions are taking a retail approach to branch design. Read about that and the latest facilities news on pages. 24-28.

ALEXANDRIA, Va.-At deadline, NCUA announced that it had reached an agreement with the National Treasury Employees Union on a union vote. The Fair Labor Relations Administration will send out mail ballots to eligible employees beginning May 24 to be returned to the FLRA's San Francisco office, NCUA Director of Public...

WEST PALM BEACH, Fla. - Building credit union branches in Alaska is an exercise in creative problem solving. "The challenges are all solvable," said Bill Payton, chief architect of Fairbanks, Alaska-based architect firm Design Alaska. "Colder weather and longer winter problems are easily solved by adding insulation and the grayness...

WASHINGTON-CUNA wrote in a recent comment letter that it supported the revised format for public disclosure of Home Mortgage Disclosure Act data. CUNA's letter said the proposed revisions to the HMDA data disclosure are adequate for disclosing the new HMDA data. The trade association also supported the elimination of redundant...

WASHINGTON - The U.S. Department of the Treasury has named a new director for the Community Development Financial Institutions Fund. The CDFI Fund is a significant source of grants and other support for community development credit unions. The new director is Arthur Garcia, a former Administrator of the Rural Housing...

ONTARIO, Calif. - A paper researched on behalf of CO-OP Network strongly urges credit unions to strategize how they are going to incorporate payment systems into their overall strategy and not to overlook them. "Payments are a critical source of revenue for credit unions and their importance will only increase...