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PORTLAND, Maine - The USO has singled out Maine credit unions for being the "fifth largest donor" group in the country to a phone card program supporting overseas troops by collecting more than 400,000 minutes on the cards. "We really had an overwhelming response from our credit unions to the...

WASHINGTON, D.C. - Starting Oct. 1, credit unions and other financial institutions must start verifying the identities of new members under the USA Patriot Act. In most cases, a Social Security number will play a key role. But what if the person who wants to join is an immigrant, a...

INDIANAPOLIS - Indiana Members Credit Union knew it could count on one cuddly brown bear to draw younger members. "When we first launched the club in September 2001 it became immediately apparent that there were two things many of our members did not know," said IMCU Assistant Vice President of...

SAN DIEGO -California Coast Credit Union and USO World Headquarters haven't forgotten those troops still stationed in Iraq and Kuwait and have joined forces to send them CARE packages. Under Operation USO Care Package, California Coast CU branches are accepting donations of up to $25 or more to sponsor a...

WASHINGTON-Top officials from NAFCU met with Treasury Secretary John Snow earlier this month for the first time since he was installed last winter. NAFCU Director of Regulatory Affairs Gwen Baker, who attended the meeting, said that Snow was "very interested in what we had to say" and the meeting "was...

LAS VEGAS - Credit unions and their CUSOs are missing some important opportunities for loan growth and cross-selling if they don't start getting into the Small Business Administration's 7(a) program while also venturing into property and casualty insurance. Speaking to CUSO executives earlier this month at NACUSO's annual conference, one...

Ironically, shared branching came about as the result of a bad prediction, according to Dan Balagna. In the 1960's there was a study that predicted that America would be a cashless society by 1980, Balagna explained. And that prediction led a credit union executive, Donald MacKinnon, former CEO of the...

WASHINGTON - Low mortgage rates coupled with a strong demand for homes resulted in a new record in the first quarter of 2003 of existing home sales. According to the National Association of Realtors, 34 states experienced sales increases for the three month period compared to the the first quarter...