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PURCHASE, N.Y. - MasterCard's new Preferred Rewards program, which is targeted at medium sized and smaller card issuers, emphasizes card issuer flexibility to increase its appeal to as many smaller institutions as possible, according to a MasterCard executive. The new program will not require MasterCard issuing institutions to sign up,...

ALEXANDRIA, Va.-In sharp contrast to the highly anticipated July board meeting, the NCUA Board considered three minor, uncontroversial issues during its 23-minute June board meeting. July's board meeting is expected to raise a few eyebrows with Treasury and bankers regarding the member business lending rule, which the agency and trade...

MADISON, Wis.-CUNA's Center for Professional Development is hosting a two-part identity theft eSeminar this fall. On September 30, the first program will address the ease with which identity thieves can obtain consumers' personal information via pretext calling and why victims can never fully recover their identities. The second session, "Identity...

WASHINGTON-NAFCU and CUNA recently conveyed their overall approval of Treasury's proposed rule aimed at balancing the demands of the federal check disbursing system with the structure for commercial checks in separate comment letters. "In order to achieve this balance, the proposed rule sets a certain date by which all Treasury...

WESTBURY, N.Y.- Credit Union Times was recently notified that Ralph W. Hillman, CEO of Nassau County Federal Credit Union, died on May 19, 2003. Hillman had a long history of serving credit unions and began his credit union career at Navy Federal Credit Union working as the youngest branch manager...

A column earlier this year (April 16, 2003), describing different types of credit union directors I have observed over the years, brought a predictable response from both credit union directors and CEOs. Many directors didn't like it much. One found even the category titles (Givers, Takers, Zealots, Politicians, Power Brokers,...

GLASTONBURY, Conn., and MOUNDS VIEW, Minn. - In yet another credit union data processing merger, Open Solutions, Inc. is acquiring Liberty FiTECH in a deal that also creates a strategic alliance. Liberty FiTECH is the data processing unit of Liberty Enterprises. Based in Atlanta, it employs about 100 people. It...

BATON ROUGE, La.-Louisiana credit unions raised more than $54,000 this year as part of their CULAC Challenge to raise money for CUNA's Credit Union Legislative Action Council. The CULAC Challenge is a competition held between the Louisiana Credit Union League's nine chapters from Jan. 1 through June 19, the last...