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PORTLAND, Ore. - A group of concerned credit union members are organizing to force another vote in Columbia Community Credit Union's attempt to change its credit union charter to that of a state chartered mutual bank. A majority of 16% of the Vancouver, Washington-based institution's 60,000 members very narrowly voted...

SOUTHFIELD, Mich. - Service Centers Corporation, one of the three national shared branching networks, estimates 10% of credit unions in the country now participate in a shared branching arrangement. SCC pegs the number of CUs participating in shared branching at 1,174, though because the three networks each count their credit...

Ten Tips to Prevent Internal Fraud *Set an ethical tone that starts from the top *Establish regular fraud detection procedures *Have a confidential 24/7 hotline *Educate employees about fraud *Have certified fraud examiners on staff *Involve suppliers in fraud detection efforts *Take all tips seriously and investigate *Decide who will...

LATHAM, N.Y. - The New York State Shared Service Centers has launched a new marketing campaign to play up the convenience of the nationwide shared outlet system. Targeting "snowbirds", the campaign reminds members they "Take Your Credit Union on Vacation" when traveling by looking for locations featuring the Credit Union...

WASHINGTON-A U.S. General Accounting Office report released in November highlighted the fact that the National Credit Union Share Insurance Fund is the only federal insurer without risk-based pricing. According to CUNA Chief Economist Bill Hampel, the point is nearly lost on credit unions. "The efficiency of a risk-based premium system...

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MCLEAN, Va. - Credit card fraud is almost impossible to prevent but its damages can be significantly limited, according to two security consultants hired by PSCU Financial Services to help in a recent card case. "Credit card fraud its almost entirely a crime of opportunity," explained Barry Smith, partner in...

ARLINGTON, Va. - Reforming the structure and organization of NCUA to allow for a clearer delineation of the insurance and regulatory functions of the federal agency has been on NASCUS' radar screen for awhile. After completing an extensive study on Restructuring the NCUA, NASCUS has released its reorganization plan for...