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WEST PALM BEACH, Fla. - Over the years banking groups have attacked credit unions in one way or the other, whether it be through legal action, lobbying or sound bites, but of late the attacks coming from banker groups has been particularly intense. Why now? Do banking groups simply use...

TUKWILA, Wash. - Boeing Employees Credit Union has found a way to tie its new "eStatement" service to a good cause. BECU will donate $3 to the Children's Miracle Network for every member who signs up for eStatements before June 30, 2004. The eStatements are electronic monthly account statements that...

SALT LAKE CITY - Another Utah credit union, the $184 million Granite CU of Salt Lake City, is switching to a federal charter making it the 10th to convert since the banker-inspired tax-CU bandwagon in the state legislature got rolling in early 2003. "It is sad that we are at...

WASHINGTON-The House last week passed by unanimous consent a funding package for the Small Business Administration's popular 7(a) lending program (H.R. 4062). Changes in the funding structure would provide an additional $3 billion to the program, which SBA is trying to take out of the appropriations process. Earlier this year,...

WASHINGTON - Federal preemption of state law is a hot button among state regulatory associations, legislators and attorneys generals, and members of the State Financial Regulators Roundtable (SFRR) had the opportunity to address the issue and exchange perspectives at a recent roundtable discussion. The March 26th meeting was facilitated by...

MONTPELIER, Vt. - Members of the Vermont House Commerce Committee are scheduled to meet April 2 to review the proposed bill that would recodify the state's credit union statute and determine whether components will be passed or dropped, and if additional items will be added. The recodified statute seeks to...

WASHINGTON-Now that the House has passed H.R. 1375, the Financial Services Regulatory Relief Act, the Senate may get the hint to begin working on their own bill. Credit union lobbyists are also hoping it could spur movement on the Credit Union Regulatory Improvements Act (H.R. 3579). They pointed out that...

VANCOUVER, Wash. - As the date established for its special meeting drew steadily closer, both the $619-million Columbia Credit Union and the members who seek to recall eight of its board members continued their legal jockeying. The eight board members face possible recall at a special meeting scheduled for 3:00...