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WALLINGFORD, Conn. - For the fifth consecutive year, the Connecticut Credit Union Association will pay a rebate on membership dues to credit unions that renew their membership with the association. This year's rebate will be 5% of 2002 membership dues when CUs renew their CCUA membership for 2003. In previous...

NAPLES, Fla. - Credit unions, like most lenders, benefited from the record-setting low mortgage rates over the past two years, but such good times can't last forever. Some economists are predicting mortgage rates will start going up in 2003, and credit unions should begin revisiting their mortgage strategies to be...

WASHINGTON - Legislation that safeguards low borrowing costs for low-income families was passed by the House on Nov. 15. The Federal Housing Administration Downpayment Simplification Act of 2002, sponsored by Reps. Marge Roukema (R-N.J.) and Barney Frank (D-Mass.) amends the National Housing Act to permanently simplify the downpayment requirements for...

TRENTON, N.J. - The "New Jersey Home Equity Protection Act" that concerns "the regulation of certain financial practices and prohibiting certain abusive and predatory lending practices" was introduced by state Sen. Gerald Cardinale (R-39) Nov. 14 and was referred to the state Senate Commerce Committee. Provisions of the bill, states...

*Budget your holiday spending and stick with it. *Make a list of the gifts you plan to purchase. *Comparison shop. *Pay off holiday debts as quickly as possible. *Plan for the following year by opening a Christmas Club account and automatically transferring funds every month.

NAPLES, Fla. - With mortgage rates hitting 36-year lows and continuing to fall, interest rate risk management has taken on new challenges for credit unions. What mortgage loans should CUs hold in their portfolio? Which ones should they sell on the secondary market? Are there other options? Robert Petersen, senior...

When are we going to stop using our financial and political capital to try to pass bankruptcy reform? Are there no other issues that are central to the long-term financial health and competitiveness of credit unions? It seems that bankruptcy reform has become the major focus of the credit union...

Association of Credit Union Internal Auditors, Columbus, Ohio, has named GECU Director of Internal Audit Betty Cramer the Internal Auditor of the Year. The award is presented to an Internal Auditor who has made a significant contribution to the internal audit profession and to the credit union industry. In addition,...