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WASHINGTON-Four new lawmakers recently signed on as co-sponsors of the Credit Union Regulatory Improvements Act (H.R. 3579), which goes beyond the Financial Services Regulatory Relief Act (H.R. 1375) provisions for credit unions. Congressmen Tom Allen (D-Me.), Robert "Bud" Cramer (D-Ala.), Donald Payne (D-N.J.), and Thomas Tancredo (R-Colo.) all signed on...

MADISON, Wis. - The Wisconsin Bankers Association has asked affiliated banks to figure out how much they may owe the state in back taxes under a multiyear settlement over the use of tax shelters. The amount is expected to be in the millions, including interest in as much as 18%...

CHANTILLY, Va. - While most credit unions are reinventing themselves with some creative sometimes outlandish name changes, Justice Federal Credit Union found its unique brand by dipping into its past. "I guess this whole branding adventure started backwards because initially we just wanted to update and redesign our Web site,"...

WASHINGTON - In comment letters sent to NCUA, CUNA and NAFCU wrote that credit unions' privacy notices are already brief and easily understood and argued for no mandatory changes at this time for credit unions. Their official comment letters were sent in response to a joint agency request for comments...

SAN FRANCISCO - Participants in NCUA's most recent Partnering and Leadership Successes workshop March 25 learned valuable lessons about how to get involved-or get more involved-in member business lending without bearing the entire brunt of the associated risks. "One of the best ways to manage risks is to partner with...

BROCKTON, Mass. - HarborOne CU was awarded a $35,000 grant from the U.S. Department of Housing and Urban Development (HUD) to provide a homeownership education series to Brockton Housing Authority Section 8 voucher holders. HarborOne began the homeownership counseling sessions and more than 60 participants attended a general orientation session....

WASHINGTON-In a letter to every member of the House of Representatives, CUNA President and CEO Dan Mica has asked lawmakers to "reassure" credit unions of their commitment to credit unions' tax exemption. Following the most recent rash of banker tactics and rhetoric attacking credit unions' tax-exempt status, Mica wrote a...

FAIRFAX, Va. - In the third year after its launch, 900 credit unions now have deployed FedComp's The Next Generation data processing system, the company says. Holy Comforter-Saint Cyprian FCU in Washington, D.C., is the 900th CU to sign up to use the Windows-based open platform. The church-based CU has...