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BASEL Switzerland - Several U.S. credit unions and international credit union organizations, plus the World Council of Credit Unions (WOCCU) have sent their comments to the Bank of International Settlement (BIS) of the new steps in the Basel Capital Accord. The Accord was originally supposed to be published by the...

NEW YORK - Actors Federal Credit Union has joined forces with the Lower East Side Peoples Federal Credit Union to offer members ATMs along with their next order of fries at the McDonalds on 102-106 First Avenue at 6th Street. Members of LESPFCU, a low-income designated credit union, can now...

BROOKLYN CENTER, Minn. - City County FCU insists there's no catch, its new User's Credit Program doesn't cost members any money to use. In fact, it's just the reverse. CCFCU will pay members a bonus for using the credit union's services. It's a way for the $270 million credit union-the...

WASHINGTON-CUNA's Renaissance Commission has been hard at work gathering information and suggestions from the credit union community as to where they would like credit unions to go. The 96 suggestions are awaiting action from the CUNA Board this fall. Here's what they came up with: Field of Membership (FOM) Issues...

LAS VEGAS - Seven credit unions from four states were honored for their best practices in indirect lending during CU Direct Corp.'s annual CUDL Auto Lending Symposium held June 20-21. Recognized within their asset category for having processes in place for funding quality indirect loans were Tracy FCU, Calif. (less...

ARLINGTON, Va.-Despite the conversions from federal to state charters, which NAFCU President and CEO Fred Becker believes is slowing or possibly stopping, NAFCU is still going strong and making improvements to the federal credit union environment, as well as to itself. Becker predicted that credit unions should be able to...

WASHINGTON - At first glance at Callahan & Associates' June report, credit unions' auto loan portfolios are in fine shape. After all, they account for 40.1% of CUs' loan portfolios. As impressive as that number is, there's still considerable room for improvement when it comes to CUs' auto loan penetration...

WASHINGTON-The Treasury Department will consider reducing the burden associated with its proposed guidance requiring financial institutions to report deposit interest paid to all nonresident alien individuals. Currently, this only needs to be completed for those claiming to be Canadian. CUNA Associate General Counsel Mary Dunn represented credit unions at a...