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SAN FRANCISCO - Community Development Credit Unions in the San Francisco Bay area were featured recently in an article in the San Francisco Chronicle, the region's largest newspaper. A recent article on the work being done by area CDCUs focused on the efforts of brand new People's Community Partnership Federal...

WASHINGTON-Legislation was introduced Sept. 4 to aid victims of identity theft to regain control of their financial identities. In introducing her legislation, Senator Maria Cantwell (D-Wash.) noted the recent Federal Trade Commission study, which found that identity theft complaints climbed 87% between 2001 and 2002 and now account for 43%...

Looking back 11 years ago finds credit unions in Florida recovering from the devastation of Hurricane Andrew. Homestead Air Force Base Federal Credit Union had to pump out 184 gallons of rainwater from its lobby and clear trees from its parking lot. "It's a miracle we are even open," said...

WASHINGTON-Treasury and the Internal Revenue Services announced last week that withdrawals from health card flexible spending accounts are appropriate on over-the-counter medications. Treasury and IRS issued guidance clarifying that reimbursements for nonprescription drugs by an employer health plan are excluded from income and, therefore, acceptable for FSAs if properly substantiated...

PORTLAND, Ore. - A new online auto auction service created specifically for credit unions is a bit of a family affair. Michael Taylor and Mark Coleman were friends and colleagues at a software company with credit union and auto dealer clients when Taylor's mother, Arlene Moss, then manager of Dal-Gold...

DETROIT and LANSING, Mich.-Two recent editorials in Michigan papers have backed credit unions in their fight to be able to expand their services. State Senator Shirley Johnson (R-Royal Oak) has introduced legislation (Senate Bill 496) to modernize the state's credit union law after 20 years, The Detroit News editorial noted....

WASHINGTON - Credit union officials took their case to the U.S. Department of Housing and Urban Development Sept. 8 on the agency's proposed amendments to the Real Estate Settlement Procedures Act (RESPA) and came away from the meeting concurring that HUD was "receptive" to their comments and concerns about the...

Kitsap Credit Union, Bremerton, Wash., has named Scott Uebel network services manager and Carl Johnson Bremerton branch manager. Global Credit Union, Spokane, Wash., has added the following employees to its staff: Rob Newman, commercial loan officer; Diane Sanders, executive secretary; and Michael Rocco, logistics technician. In addition GCU has added...