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WASHINGTON-In a recent letter to President George W. Bush, CUNA President and CEO Dan Mica praised the International Remittance Network (IRnet) as an avenue to further improving relations between America and Mexico. He also asked for legislation to allow credit unions to provide this service to nonmembers. "Developed by the...

Educational Community Credit Union, Jacksonville, Fla., has been selected as a finalist for the 2002 Excellence in Training and Employee Development awards. The credit union, with about 200 employees, made it into the finals in the category of companies with less than 300 workers. The awards, which recognize excellence in...

Maine Credit Union League, Westbrook, has raised over $1.1 million since 1990 to help end hunger in the state. Coordinated by the Maine Credit Union League's Social Responsibility Committee, the Campaign for Ending Hunger was initiated by credit unions as a way to reach out as a movement to address...

WASHINGTON-The Federal Deposit Insurance Corporation (FDIC) Board unanimously approved the construction of a new nine-story building at its office complex in Northern Virginia. Leases that the agency has on four office spaces in Washington, D.C. are scheduled to expire in June 2003. The new building would house the 1,100 soon-to-be...

WASHINGTON - The U.S. Senate approved JoAnn Johnson, former Iowa state senator, and Deborah Matz, former USDA official under the Clinton administration, by unanimous consent late on March 22. Johnson's term will run through August 2, 2007, while Matz's is scheduled to expire August 2, 2005. Former NCUA Chairman Norm...

WASHINGTON - It seems everywhere you look these days there's another credit union robbery. Although quantifying how big this problem is nationwide is difficult, credit unions that have been victimized say there are substantial emotional and monetary costs that go along with each and every robbery. CUNA Mutual Group, which...

WASHINGTON - In many ways the furor over the repeal of the Community Action Plan reopened the debate over CRA. What impact would a Community Reinvestment Act regulation have on a credit union? What would it mean for its operations? To help answer those questions, Credit Union Times solicited the...

ALEXANDRIA, Va.-NCUA has posted its new investment and asset liability management (ALM) review procedures on its Web site at www.ncua.gov. Recently added to the Web site is the Interest Rate Risk Questionnaire, which explains the procedures examiners will follow and replaces the Asset Liability Review Questionnaire, and the Liquidity Questionnaire...