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ALEXANDRIA, Va.-In what was billed as an historic event, NCUA held its first ever open budget forum November 1, permitting credit union and trade association input into the budget process for the first time. The credit union community was also invited to submit written testimony through November 7. The agency...

Competing in today's auto finance market has become more challenging than ever before. Recent events have forced the automakers to provide dealerships with stronger incentives to help them sell vehicles. Who Are The Competition? As the new models are introduced in the fall months of every year, so are special...

SUPERIOR, Wis. - For some poor parents, having a reliable car means being able to drop their children off at school or daycare so that they can go to work and stay employed. But often, spotty credit history and the inability to afford monthly payments are the biggest hurdles to...

WASHINGTON-Former New York Congressman Gerald Solomon (R), an original sponsor of the Credit Union Membership Access Act (CUMAA), died last week. He was the former chairman of the House Rules Committee. Solomon "will be sorely missed," NAFCU Senior Vice President and General Counsel Bill Donovan said. Donovan recalled that the...

BRONX, N.Y. - Some critics may call them strange bedfellows, but a check-cashing alliance between Bethex Federal Credit Union and RiteCheck Stores is the first of its kind in connecting those who don't have traditional financial services to checking and savings accounts. Bethex and RiteCheck, a Bronx-based check cashing store...

SANTA ANA, Calif. - Orange County Teachers Federal Credit Union has extended provisions of the Soldier and Sailor Civil Relief Act for its members. Recognizing that relief provisions under SSCRA may not be sufficient for some members to meet their current loan obligations, eligible members will now be offered reduced...

ONTARIO, Calif. - It seems it pays to be a CO-OP Network shareholder these days. For the second time this year, CO-OP Network, the largest credit union EFT network, has issued a patronage distribution to shareholders. This latest disbursement of $1,130,400 brings the combined patronage distribution for the calendar year...

ST. CLOUD, Minn. - Bankers Systems Inc. has introduced Artar Lending Documentation System for credit unions. Arta Lending for credit unions is a 32-bit Windowsr-based lending documentation solution designed specifically to help credit unions document loans faster and more efficiently, according to BSI. BSI said ARTA is an all-in-one solution...