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WASHINGTON-In a recent legal opinion letter, NCUA told Shay Financial Services that a federal credit union cannot purchase certificates of deposit from a Securities and Exchange Commission (SEC)-registered broker-dealer through an introducing broker who is not registered with the SEC or is not a depository institution. In writing its decision,...

Sept. 11 dawned as a beautiful day in Washington. Not a cloud in the sky, the air was dry and the temperature was expected to remain comfortable throughout the day. As optimistic as the day looked, so were many of us as we prepared to deal with issues before the...

NORTHVILLE TOWNSHIP, Mich. - What does a league do with nearly $26 million in capital it didn't expect to realize? That's the enviable dilemma the Michigan Credit Union League finds itself in as a result of the sale of its stake in the NYCE electronic funds transfer network. League President/CEO...

EAU CLAIRE, Wis. - For the past 18 years Royal Credit Union has been redefining the work week by keeping some of its branches open even on Sundays. "Our branches with the highest activity are the ones that are open seven days a week," said RCU President/CEO Charles Grossklaus. Built...

YUBA CITY, Calif. - Where have all the credit union volunteers gone? That's the question a California volunteer group is asking in terms of volunteer representation on national and state credit union association governing bodies. "Basically there's a concern among a lot of board members and volunteers. When you look...

DUBLIN, Ireland - Two credit unions are sharing a cup, but not a cup of stout. This cup represents excellence and is awarded each year by The Irish League of Credit Unions (ILCU). Excellence is defined loosely, although it can refer to operational practices, outstanding member service to best business...

The debit card seems to be slowly gaining popularity. Within five years, VISA Debit Processing Service has already processed six billion transactions. Currently VISA DPS processes 11% of all VISA USA transactions and expects to reach seven billion transactions within the next two months.

There is a reason why this issue of Credit Union Times is a whopping 92 pages and contains many special features and stories with a direct connection to CUNA and NAFCU. (See page one box.) Most major credit union meetings include exposition programs that showcase all major vendors serving the...