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NEW YORK - Police have arrested an additional 74 people for defrauding the $1.1 billion Municipal Credit Union in the wake of the attacks on the World Trade Center Towers on September 11, 2001, according to a local media source. The attacks disabled the credit union's network connections and prevented...

Citadel Federal Credit Union, Thorndale, Penn., has named Margaret Meyers retail delivery manager of the Paoli branch. First Atlantic Federal Credit Union, Eatontown, N.J., has named Janel Davido Fort Monmouth assistant service center manager and John Guerriero electronic services manager. Aberdeen Proving Ground Federal Credit Union, Md., has elected the...

SACRAMENTO, Calif. - Legislation that would have limited financial services companies from sharing customers' personal information was killed Tuesday (June 17) by the Assembly Banking and Finance Committee, marking the third time in three years a financial privacy measure has gone down to defeat in the California Legislature. "This is...

ARLINGTON, Va. - Corporate credit unions better get used to sharing-their members that is. Many credit unions aren't relying on just one corporate these days, according to a new NAFCU survey. The metamorphosis of the corporate marketplace is well-known. With national fields-of-membership and the desire to grow, many corporates have...

ALEXANDRIA, Va.-Credit unions' community charter conversion activities in May were the highest in recent history, according to recently released NCUA data for last month. According to NCUA's May Insurance Report of Activity, 19 credit unions were approved for community charter conversions, a 73.1% approval rate. That is the highest number...

SEATTLE - Ten credit unions that share branches in Washington State have pooled some of the resources to let more of their members know about the benefits of their shared branching arrangements via a new television ad. The 10 credit unions are headquartered, or have a lot of branches, in...

ST. PETERSBURG, Fla. - PSCU Financial Services, the card processor for over 500 credit unions that process with Denver-based First Data, has laid off 102 of its employees, 90 from the firm's St. Petersburg headquarters and 12 in other locations. The reduction shrinks the firm's workforce by 12% and will...

When two firms want to merge, or to transfer enough assets to affect a market change, they must file a notification with the U.S. Justice Department under regulations attached to a statute called the Hart-Scott-Rodino law. Under HSR, as it is more commonly known, the firms that wish to merge...