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ARLINGTON, Va - NAFCU has agreed with a NACHA proposal that would impose higher penalties on credit unions and other financial institutions that break the rules governing Automated Clearing House (ACH) transactions. In a February 1 letter NAFCU expressed support for a NACHA proposal that an alleged violating institution get...

SANTA FE, N.M. - State legislators, staff and visitors here are enjoying a surcharge-free ATM courtesy of 56 credit unions. Requested by employees, the CU Anytime machine is the first ATM in the capitol building since 1996. "The employees contacted their local credit union-State Employees Credit Union of Santa Fe-asking...

AUSTIN, Texas - Three years after Texas became the first state to have a member business lending rule approved by NCUA, the state's legislative advisory committee has scheduled discussion and a possible vote at its February 15 meeting, of amendments to the state's MBL rule. Commissioner Harold Feeney of the...

MADISON, Wis. - CUNA Mutual Group has developed a short list of "Preferred Partners" for credit unions to consider when choosing a vendor to test their IT security programs. To help credit unions better assess the risks associated with Internet-connected systems, and improve security of members' confidential data, CUNA Mutual...

Kudos to Richard Rays for raising issues about "credit union" as the name to describe the organizations! ("Richard Rays wonders if there's a better alternative to `credit union' ", CU Times, Jan. 23). While wordy and cumbersome, I always liked the world moniker "Cooperative of Savings and Credit" as being...

Bison Federal Credit Union, Shawnee, Okla., has made plans to expand its 2,400 square-foot facility by 2,390 square-feet. Bank Design and Construction Company and K. Stuart Edwards, Consultant are serving as the designer and builder of this project. The new facility, estimated to be completed September 2002, will feature four...

RICHMOND, Va. - Susan Adams was named president of the newly formed CUSO - Premier Financial, LLC, jointly owned by Bellwood FCU, County of Henrico FCU and Entrust FCU. Premier Financial offers credit union members a full array of products and servicing using CUNA Mutual Group's MEMBERS Financial Services program....

BEDMINSTER, N.J. - Affinity Financial Services President Mark Cochran is a big fan of diversity. In fact, it is the diversity and breadth of products and services offered by the four business units under the Affinity Financial Services CUSO umbrella that Cochran says allows the operational CUSO to ride out...