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WASHINGTON-How do credit unions fit in with the recently announced mergers of some very large banks? Very neatly, according to CUNA Chief Economist Bill Hampel. "The impact on credit unions for the most part is good," he said. J.P.Morgan Chase & Co. and Bank One Corporation recently announced plans to...

WASHINGTON - Mutual fund practices, investment fraud involving senior citizens and variable annuities are the newest additions to the list of schemes investors are likely to face in 2004. Based on a survey of state securities regulators conducted by the North American Securities Administrators Association (NASAA), the top 10 schemes...

COLUMBIA, S.C. - How to serve the banking needs of small businesses is becoming an issue among credit unions, and technology vendors are actively working to provide the infrastructure to support the growing demand from their clients. It's a new area for most, and the credit union industry as a...

WASHINGTON-The Federal Deposit Insurance Corporation and the Federal Reserve Board approved an interagency notice of proposed rulemaking last week increasing the maximum size institution eligible for streamlined Community Reinvestment Act examination. The NPR proposes to change the definition of "small bank" from those with assets under $250 million or an...

LAKE JACKSON, Texas -An initiative begun simply as an effort to improve member service has more than doubled monthly auto loan volume for Texas Dow Employees Credit Union. The credit union's new "Dealer Direct" program simplifies the loan application process by providing members on-the-spot credit union financing at participating area...

ALEXANDRIA, Va.-NCUA Board Member Debbie Matz has brought the information from her Partnering and Leadership Successes workshops to the World Wide Web. "We have made these presentations available so that more credit unions can adapt best practices to enhance member services and reach more people in their field of membership,"...

Here is an abridged version of a review of the CAN-SPAM Act that CUNA has available in the e-Guide section on its Web site: On Dec.16, 2003, President Bush signed into law the "Controlling the Assault of Non-Solicited Pornography and Marketing Act of 2003" ("CAN-SPAM" Act of 2003). The new...

American 1 Federal Credit Union, Jackson, Mich., has named Sharon Kegerreis vice president of communications. Purdue Employees Federal Credit Union, West Lafayette, Ind., has named Larry E. Hyser financial services representative. Royal Credit Union, Eau Claire, Wis., has named Chris Olson and Carrie Ottum loan officers. First Resource Federal Credit...