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The year 2001 brought significant changes in the power of credit unions to directly offer financial services. These changes and the impact on the credit union/CUSO delivery model are worth examining. The most significant change is NCUA's amendment of Part 721 of the Regulations that replaced group purchasing powers with...

ST. PAUL, Minn. - What Affinity Plus Federal Credit Union is doing is about as rare as stealing home in baseball. The $625 million credit union has become the chief financial sponsor of Major League Baseball's Minnesota Twins. "As far as I know we are the only credit union sponsoring...

It's easy to criticize various credit union individuals and groups, but there comes a time to pass out well-deserved kudos too. Kudos to the folks at the California Credit Union League responsible for the program at the league's annual Big Valley Educational conference scheduled for next March 14-16. Among the...

MEMPHIS - Concord EFS Inc, an electronic commerce provider, has launched IDENTITY CHEK, a nationwide compliance program to help financial institutions meet key provisions of the USA Patriot Act. The newly enacted legislation to block terrorist access to the U.S. financial system includes provisions for fighting international money laundering and...

SAN DIEGO - United Services of America Federal Credit Union Senior Collections Counselor Lori Fritzer is doing her part to fight against breast cancer. Fritzer will be participating in the 2002 Avon Breast Cancer Three-Day event. The three-day route begins in Carlsbad, California and ends in central San Diego. The...

There are some things that bothered me about Mike Welch's column in the Jan. 30 issue, "There is a lot to be bothered about." It bothers me that Mike is absolutely right on every bothersome point he makes. It also bothers me that there are not more people like Mike...

RANCHO CUCAMONGA, Calif. - For Northern California credit unions increased public awareness is how they are spelling success. Featuring the national CU "Comfort Zone" ads, a four-month cooperative media branding blitz sponsored by seven credit unions in the Eureka, California area has increased consumer awareness by 7%. Among bank users...

WASHINGTON - Credit union savings balances rose 15.7% for 2001, the biggest gain since the 22% increase in 1986, and are expected to increase by another 10% this year, according to CUNA. Savings balances were bolstered by a 37.6% increase in money market accounts last year. "There are other places...