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HARTFORD, Conn. - State Banking Commissioner John Burke is cautioning consumers not to be in such a hurry to cash unsolicited checks sent to them by their credit card company. The checks are real, he advised, and if cashed, the money belongs to the consumers, but the price consumers may...

WASHINGTON - In recent meetings with top White House and Treasury officials, CUNA Mutual Senior Vice President for Corporate and Legislative Affairs Larry Blanchard thanked them again for sticking to their guns regarding credit unions' tax-exempt status. Blanchard, along with the American Insurance Association, met with Presidential Advisor Karl Rove,...

WASHINGTON-NAFCU staff and board members recently met with top regulatory officials to discuss risk-based capital among other important issues for credit unions. NAFCU was joined by NCUA Vice Chair JoAnn Johnson for a lunch meeting, along with her Executive Assistant Holly Herman, and later caught up with Treasury Assistant Secretary...

PHOENIX, Ariz. - The Mortgage Bankers Association has hiked its loan origination forecast for 2004 to $2.5 trillion, up from an earlier projection of $2 trillion. The MBA also now expects refinancing to account for 46% of originations in 2004. That compares to 66% in 2003 and 62% in 2002....

MERRIFIELD, Va. - The $20 billion Navy Federal Credit Union has reissued plastic credit and debit cards to 40,000 of its cardholders who had their account numbers compromised by a security breach at a BJ's Wholesale Club, a major U.S. so-called big box retailer. Loren Moeller, spokeswoman for the credit...

RALEIGH, N.C . - When it comes to mixing high tech and full service in its branches, North Carolina's second largest credit union, the $1.31 billion Coastal FCU, expects to set the pace - and likely break new ground - for member convenience starting next month. Underscoring a commitment to...

PORTLAND, Ore. - Four Oregon credit unions have been named the "Best Companies To Work for in Oregon" by the Oregon Business Journal. Portland Teachers Credit Union, which has been on the publication's list for the last five years, jumped to No. 3 from No. 8 in the category of...

Vancouver, Wash. police cruisers were called to the branches of Columbia CU by the credit union's board to stop members who support a pending recall board election from campaigning for the vote. The police refused to arrest anyone after determining none of the members had broken any law. See stories...