Credit Union Journal articles from August 2003

Credit Union Journal archives from August 2003

HR 1151: Five Years Later: Looking Back At Landmark Legislation.
August 4, 2003... It was five years ago this week that President Clinton signed the landmark Credit Union Membership Access Act into law. In this issue, The Credit Union Journal, which was the only credit union publication on hand in the Oval Office for the...

NWAFCU Is Seeking TIPs On Skirting The Corporate Squeeze.(Trade, Industry or Profession-wide fields of membership)
August 4, 2003... Beleaguered NWA FCU, under pressure from its financially ailing corporate sponsor, has applied to NCUA to become one of the first credit unions to adopt the new Trade, Industry or Profession-wide fields of membership. The so-called TIPs...

Wash. Regulator Is Investigating Alleged Bogus CU Scam.
August 4, 2003... It calls itself Zurich CU in advertisements in Washington state but is based here in Georgia, but there is no record of any such credit union being regulated by either the Georgia or Washington state regulators, nor does NCUA have any record of...

ON DEADLINE.(CUNA and NAFCU will team up to intervene in field of membership lawsuit filed by American Bankers Association and Utah Bankers Association; notes other news)
August 4, 2003... CU Trades To Intervene In Utah FOM Lawsuit WASHINGTON-CUNA and NAFCU will team up again to intervene in the recent field of membership lawsuit filed by the American Bankers Association and the Utah Bankers Association, which challenges...

PacCorp, WesCorp Latest In Corporate Merger Trend.(Pacific Corporate Federal Credit Union and Western Corporate unveiled plans to merge)
August 4, 2003... Pacific Corporate Federal Credit Union and Western Corporate unveiled plans to merge, following a trend of consolidations in the corporate credit union network that has seen the number of corporates shrink from 45 in 1993 down to 33 in 2003....

Becker To Banks: Get Off Our Backs.(ational Association of Federal Credit Unions President's comments)
August 4, 2003... NAFCU President Fred Becker called on the banking industry to cease its hostilities with the credit union movement and recognize the important role credit unions play in today's financial services market. Becker, addressing more than...

NAFCU Honors CU Service.(National Association of Federal Credit Unions)(Brief Article)
August 4, 2003... More than 1,500 credit unions saluted "A Tradition of Excellence" during NAFCU's 36th annual conference in Boston. The federal trade association named the following award winners: Professionals of the Year are Alan Prindle, CEO, PanAm...

Worth Noting.(Former CEO of Founders FCU, Laura Monts Fleming, has died; notes other news)
August 4, 2003... South Carolina CU Veteran Dies COLUMBIA, S.C.-Former CEO of Founders FCU, Laura Monts Fleming, has died, the credit union announced. During her long credit union career, Fleming also served on the South Carolina Credit Union League...

Why One CU Continues To Sing The Song Of The Cicadas.(AT&T Family Federal Credit Union )
August 4, 2003... The Oval Office has the direct line to the Kremlin. Commissioner Gordon had a direct line to the Batcave. And for a few years in the 1990s, it seemed like The Credit Union Journal had a direct line to the desk of Marcus Schaefer, president of...

Rear View Mirror Reflections from the Steering Committee: Leaders of The Campaign for Consumer Choice Share Insights On The Effort That Changed Credit Unions.
August 4, 2003... With the fifth anniversary of HR 1151 being signed into law coming up, The Credit Union Journal asked members of the Oversight Task Force of what became the Credit Union Campaign for Consumer Choice to share their insights into the flurry of...

Special Report: HR 1151 Turns Five.
August 4, 2003... A look at the events that led up to the passage of HR 1151. 1990. Jim Culberson, president of First National Bank & Trust, Asheboro, N.C., convinces four other banks and the American Bankers Association to file a lawsuit against NCUA....

Flurry Of Activity Moves CU Legislation Forward.
August 4, 2003... Congress took several steps to move credit union-favored bills ahead before adjourning for its summer recess last week. Among the legislative initiatives progressing were the reauthorization of the Fair Credit Reporting Act, which was...

Democrats Support CU Use Of Mexican I.D.s.(Brief Article)
August 4, 2003... Several Democratic lawmakers are lobbying the Treasury Department for its support to allow credit unions and others to continue using the matricula consular cards issued by the Mexican embassy to Mexican nationals working in the U.S. as a...

NAFCU Trip Brings Back Some Harsh Memories.(National Association of Federal Credit Unions)(Brief Article)
August 4, 2003... Traveling to the annual NAFCU convention back home to my native Boston was a case of deja vu. For it was 11 years ago (I think), the last time the convention was in Boston, that I and my fellow travelers sat on the runway at...

People.(Personnel moves of credit unions and other firms )
August 4, 2003... Insight Financial, Orlando, Fla., named George Davis vice president of lending, Lisa McCoy Maitland branch manager, and Karyn Randall business development executive. The Louisiana Credit Union League, Baton Rouge, La., elected to its...

The CUJ Daily.(Credit union lobby watches petition initiative to recall embattled Gov. Gray Davis)
August 4, 2003... CUs Wary On Governor's Recall SACAMENTO, Calif.-The credit union lobby is cautiously watching the petition initiative to recall embattled Gov. Gray Davis, who has worked closely with credit unions during his tenure. Bob Arnould, chief...

Community Page.(Credit union representatives from Minnesota go to Washington, D.C.; notes new facilities opened by credit unions)
August 4, 2003... Minnesota CUs Hike The Hill BLOOMINGTON, Minn.-Credit union representatives from Minnesota visited Washington, D.C., and met eight representatives and both senators, NCUA board member JoAnn Johnson, the SBA's John Wade, and Jim Hammersley,...

InteliData Moves To The Black.(InteliData Technologies Corp.)(Brief Article)
August 4, 2003... E-bill payment services provider InteliData Technologies Corp., reported a slight loss of $11,000, or zero cents a share, for its fiscal second quarter, compared to a loss of $3.9 million, or eight cents a share, for the same period last...

Credit Bureau Settles Charges.(Equifax agrees to settle charges it didn't do enough to resolve calls from consumers asking about false credit information it was disseminating)(Brief Article)
August 4, 2003... Equifax Inc. agreed to pay $250,000 to settle charges it didn't do enough to resolve calls from consumers inquiring about false credit information it was disseminating, the Federal Trade Commisison said. The FTC accused the credit bureau...

TNB Offers A MasterCard Family.(TNB Card Services)(Brief Article)
August 4, 2003... TNB Card Services, a unit of credit union-owned Town North National Bank, said it is offering a MasterCard Family Account to its card-issuing members. The family account features one shared credit line to a primary cardholder, usually a...

Profits Rocket At Concord EFS.(Brief Article)
August 4, 2003... Payments processor Concord EFS, in the process of selling itself to First Data Corp., said second quarter earnings surged 36% to $86.1 million, or 17 cents a share, from $63.2 million, or 12 cents a share, for the same period last year, on...

Privacy Advocates Eye Calif. Ballot.(Brief Article)
August 4, 2003... A citizens group said it has gathered more than 550,000 signatures, far more than required, on a ballot initiative to enact a tough "opt in" privacy law on the use of confidential financial and medical information. But the group,...

Senate Funds Laundered Through CU.(Brief Article)
August 4, 2003... An assistant campaign treasurer for U.S. Sen. Joseph Biden, D-Del., was charged with embezzling $350,000 from the senator's re-election campaign and depositing a large portion of the funds in a Florida credit union. Roger Blevins III,...

'Swap Meet' Boosts CU Lending.(Deere Community CU)(Brief Article)
August 4, 2003... Deere Community CU held its first "Swap Meet" last weekend in which 140 owners of used vehicles met to sell, buy and trade cars, trucks, boats, motorcycles and recreational vehicles. Sellers were required to preregister their vehicles,...

Banks Join CU For Development Loan.(Brief Article)
August 4, 2003... Security Services FCU joined six banks in a syndicated $16 million loan to help the San Antonio Development Foundation buy 1,700 acres to develop a Toyota manufacturing plant. The unusual syndicate provided the development corporation...

Earnings On The Rise At eFunds.(Brief Article)
August 4, 2003... Electronics funds processor eFunds Corp. said net income rose 13% for its second quarter to $5.1 million, or 11 cents a share, from $4.5 million, or 10 cents a share, for the same period last year, despite flat revenue growth. The...

Profits Are Surging At E-Loan.(Brief Article)
August 4, 2003... Online lender E-LOAN Inc. said net income soared to $8.1 million, or 12 cents a share for its second quarter, compared to $900,000 or two cents a share, for the same period last year, on the strength of a big boost in lending. The...

First Problem: CU's ID Stolen. Second: Who To Call?
August 11, 2003... As a number of credit unions are finding out, it's all too easy for someone to assume the credit union's identity online. But many are also now learning that it's not so easy to track that person or persons down in order to prosecute them or...

Rebates On R.E. Commissions Help To Grab New Biz.
August 11, 2003... As the real estate market remains strong in most of the West, two credit unions are reminding their members they can earn cash back on their home purchase or sales transactions by participating in financing rebate programs. Members of...

Leagues Pledge $1 Million To Fight UBIT.(Attempts to have credit unions pay the business income tax are being fought)(Brief Article)
August 11, 2003... The state leagues have set a funding goal of $1 million to be raised during 2003 to assist in fighting attempts to have credit unions pay the business income tax (UBIT). According to CUNA, the funding commitment came after a meeting of...

NASCUS Makes Change In Long-Time CEO As Doug Duerr Departs.(National Association of State CU Supervisors)
August 11, 2003... Just weeks before its annual convention, the board of NASCUS-the National Association of State CU Supervisors-dismissed its chief executive, Doug Duerr. Despite Duerr's decade-long tenure as executive director of the trade group, the...

Group of CU Economists Sees Modest Improvements.
August 11, 2003... A group of credit union economists is projecting a modest pick-up in the economy for the remainder of 2003 and into 2004. In its recently released quarterly report, the Credit Union Economics Group (CUEG) expects overall GDP growth of...

ON DEADLINE.
August 11, 2003... Mo. Supreme Court To Hear Bankers' Appeal JEFFERSON CITY, Mo.-In a case that could open up more credit union cases to challenges, the state Supreme Court has agreed to hear the bankers' appeal of a lower court ruling denying them legal...

NCUA Likely To OK Expanded MBL.(NCUA board will vote to make it easier for credit unions to expand member business lending)
August 11, 2003... The NCUA board is expected to vote a final rule in September which will make it easier for credit unions to expand their member business lending. JoAnn Johnson, vice chair of the NCUA Board, who chaired an internal task force crafting...

Matz Seeks To Refute 'Inaccurate Perceptions' Over Her Positions.
August 11, 2003... NCUA Board member Deborah Matz refuted several anti-credit union assertions being circulated by credit union foes and allies, alike. "You and I know these perceptions are inaccurate. But your competitors are working very diligently-and I...

Erie, Penn. One Market In Which CU Has A 'Monopoly'.(Brief Article)
August 11, 2003... Banks may have the market share, but its Erie School Employees FCU that is on the cover of a Monopoly like game available here. Called "Erie in a Box," businesses and organizations from throughout the city are featured on squares in the...

Two Senior Bandits Convicted Of CU Robbery.(Norton Community Credit Union)(Brief Article)
August 11, 2003... Two elderly bank robbers are expected to spend the rest of their lives behind bars after being convicted by a jury on charges related to the September 2000 armed robbery at Norton Community Credit Union and the attempted murder of police during...

Worth Noting.(CUES said it will hold a second School of Sales and Service this year; notes other news)
August 11, 2003... CUES Adds Second Sales School MADISON, Wis.-Due to demand, CUES said it will hold a second School of Sales and Service this year. The second session is scheduled for Oct. 14-16 at The St. Anthony hotel in San Antonio. The school features...

What's Been Learned About How To Market To Teens-And Why.
August 11, 2003... Clothing retailers, snack-food makers, soft drink companies-name virtually any producer of consumer goods or services and you're virtually guaranteed that teenagers are fixed in their marketing crosshairs. And for good reason; in terms of both...

Rear View Mirror Reflections from the Steering Committee: Leaders of The Campaign for Consumer Choice Share Insights On The Effort That Changed Credit Unions.(Credit Union Membership Access Act )(Interview)
August 11, 2003... The Credit Union Membership Access Act (HR 1151) is marking its fifth anniversary since President Clinton signed it into law. Below is part two in a Credit Union Journal series with members of the executive committee of the Campaign for...

Vista FCU Surpasses $1B In Loans.(Brief Article)
August 11, 2003... Vista FCU said it has now surpassed $1 billion in loans to its members. To celebrate, it will make one monthly consumer loan payment for selected winners during a promotion to run through July. "This promotion is just one way of telling our...

Reputation Of CUNA School Is Now Restored.
August 11, 2003... Western CUNA Management School, one of four regional CUNA management schools and the only one that is fully accredited, is designed to prepare our current and next generation credit union leaders for the latest challenges and to provide them...

Article Highlighted The Unique History Of CUs.(Brief Article)
August 11, 2003... I read the article, "The Cradle of Credit Unions" with great interest (The Credit Union Journal, July 21, 2003). In these times when the bankers and their trade association minions are attacking credit unions in state legislatures and...

Why 1 Former State 'League' Is Happy To Be A League Again.(Credit Union Affiliates of New Jersey vote to shelve "Credit Union Affiliates" name and revert back to the "New Jersey Credit Union League)
August 11, 2003... On June 7, the board of the Credit Union Affiliates of New Jersey voted unanimously to shelve the "Credit Union Affiliates" name and revert back to the "New Jersey Credit Union League." The move makes New Jersey's credit union trade...

Marketing Minute: Solving The Case Of The CU Name Change.(Brief Article)(Column)
August 11, 2003... I was talking with a friend the other day, and he had a real-life marketing challenge. I call it "The Case of the Name Change." Months ago, the credit union my friend works for decided to change its name. Now that the CU is on the verge of...

Washington State CUs Roll Out No-Surcharge ATMs.
August 11, 2003... A group of Evergreen State credit unions recently launched an automated teller machine alliance that will allow the CUs' members to use ATMs surcharge- free statewide. Cyndie Martini, vice president of electronic services for the...

NAFCU Service Corp. In Deal With Financial Planner.(National Association of Federal Credit Unions partners with Financial Planning Information Inc. )
August 11, 2003... NAFCU Service Corp. and Financial Planning Information, Inc. to provide its credit unions with a "road map" that will assist members in taking control of their financial destinies. NSC President Keith Nolan said the product, "Your...

SBA-Approved CUs Surpass 100.(credit unions offering Small Business Administration loans)(Brief Article)
August 11, 2003... The Small Business Administration said that the number of credit unions nationwide offering SBA-backed loans has increased to more than 100, with 22 joining so far this year. The 100th to join the program was the University of Maine Credit...

Product & Service.(credit union news)(Brief Article)
August 11, 2003... TNB Buys Three Card Portfolios DALLAS-Three Texas-based credit unions have sold their credit card portfolios to TNB Card Services. Reed Credit Union, Members Choice of Central Texas Credit Union, and General Technologies have agreed to...

Corrections & Clarifications.(Correction Notice)
August 11, 2003... The correct website address for Mortgage Software Solutions is www.mortgagesoftware.to. Copyright 2003 Thomson Media Inc. All Rights Reserved. http://www.thomsonmedia.com http://www.cujournal.com

Good News, Bad News & No News From Economy.(American economic conditions)
August 11, 2003... The mood here in the nation's capital is one of defensiveness and opportunity. But that's the way it always is here between the party in power, this time the Republicans, who are defending everything they do against the barbs of the...

Some May Qualify To Trade Development Credits.(crdit unions and community development tax credits)(Brief Article)
August 11, 2003... NCUA said federal credit unions may qualify for participation in a U.S. Treasury program buying and selling community development tax credits, but under very limited conditions. A federal credit union, like some state charters, could...

People.(staff appointments among American credit unions)
August 11, 2003... Riverside County's Credit Union, Riverside, Calif., elected to its board: Jerry Rivera, chairman; Bob Gray, vice-chairman; Ofelia Valdez-Yeager, secretary; Keith Downs, treasurer; Dr. Linda Wisher, Doug Huckaby, Larry Ward, Mark Balys, Dr....

The CUJ Daily.(news briefs from American credit unions)
August 11, 2003... Coffers Swell At U.S. Central LENEXA, Kan.-The flood of new savings into the credit union movement continued to flow upwards to U.S. Central Credit Union during the second quarter, with the corporates' corporate hitting a new high of $43.2...

Community Page.(assorted news brief of credit unions)
August 11, 2003... APGFCU Awards 5 Scholarships ABERDEEN, Md.-Aberdeen Proving Ground Federal Credit Union awarded college scholarships to Stacey Edwards, Amanda Longo, Lindsay Hannum, Sarah Burnett, and Megan Quigg. Digital FCU Plans Operations Center...

World's 'Have-More' CUs Urged To Do More For The 'Have-Less' World.(global challenges of credit unions)
August 11, 2003... There are five global challenges facing the world's credit unions, according to Arthur Arnold, president of the World Council of Credit Unions. Speaking to WOCCU's International Leadership Forum here, Arnold said those five challenges...

What 1 Australian Discovered In Global Survey Of...(credit unions surveyed for community development initiatives)
August 11, 2003... All politics may be local, but inspiration is global-or so it seemed to Maleny CU and the Foresters ANA Friendly Society, which undertook a worldwide survey of community development initiatives that featured several American credit unions. ...

The Extraordinary Steps An Australian CU Takes To Give Back To Its Community.(Maleny Credit Union and Foresters ANA Friendly Society)
August 11, 2003... While Maleny Credit Union and Foresters ANA Friendly Society looked to the U.S. and other nations for inspiration on how to offer strong community development financial services, they also offer some models of their own. Among some of...

Calif. League Urges Treasury To Endorse Matricula.(matricula consular identity papers)
August 11, 2003... Credit unions should continue to be able to accept matricula consular cards as a form of identification from people seeking to open accounts, the California Credit Union League said in a letter to the U.S. Treasury Department. "The league...

CUNA Using Interactive Video Alerts Via E-Mail.(Credit Union National Organization)(Brief Article)
August 11, 2003... CUNA has introduced a new web-based, Interactive Video Alert that is being used by members of Congress to communicate with credit unions. The streaming video presentations are initially being used by three members of the House Financial...

Corporates' Donations Push CIF Over $250M.(National Credit Union Foundation's Community Investment Fund)(Brief Article)
August 11, 2003... The National CU Foundation's Community Investment Fund topped $250 million at the end of last month due in part to several large investments from corporates. These deposits include $15 million from WesCorp, $10 million from First...

Liberty Internet, CUNA Network Enter Merger.(Brief Article)
August 11, 2003... Liberty Internet Services and Tampa, Fla.-based CUNA Network Services (CNS) said they plan to merge operations. The new entity will initially serve more than 1,500 credit unions with a range of Internet-enabled products and services. A...

Sacramento-Area CUs Help Save Elder Program.(credit unions join Take a Stand Against Elder Abuse program)(Brief Article)
August 11, 2003... SAFE Credit Union reported that it helped spearhead an effort by several local credit unions to save state elder abuse programs from budget cuts. Because of the coalition's efforts, Sacramento County's Adult Protective Services will...

CUDL Partnership With AutoNation Adds 43.(Credit Union Direct Lending)(Brief Article)
August 11, 2003... Credit Union Direct Lending (CUDL) said it has entered into a marketing partnership with the AutoNation-owned dealerships in California. The 43 Power Automotive Group dealerships within the Southern region and 20 AutoWest and AutoNation...

CU Generates $200K For Christian Ministries.(Christian Community Credit Union credit card program)(Brief Article)
August 11, 2003... Christian Community Credit Union is reporting that its "Cards that Give to Missions & Ministries" credit card program donated a record-breaking $200,000 to Christian-related causes during the summer. Since the program's inception in 1994,...

CUES, Calif. League To Offer 2 Educ. Programs.(Credit Union Executives Society partners with California Credit Union League to sponsor Manchester Summit education program)(Brief Article)
August 11, 2003... The Credit Union Executives Society (CUES) has entered into a partnership with the California Credit Union League to sponsor two educational program. The first, called the Manchester Summit (named after the New Hampshire home of America's...

Familiar Faces In Place As CU West Mortgage Readies Itself.
August 11, 2003... When CUNA Mutual Mortgage Corp. closed its California operations in March, the California Credit Union League and Santa Ana, Calif.-based Orange County Teachers FCU formed a business entity to help area credit unions originate and service...

Home Equity Debt Cancellation Product Debuts.(CUNA Mutual introduces insurance product)(Brief Article)
August 11, 2003... CUNA Mutual has added a home equity debt cancellation product to its menu. Called "CU CHOICE Lending Protection Home Equity," the solution allows credit unions to choose from a variety of life events and time duration covering transient...

Units of Power Analysis: 10% Of All Employees At BECU Are Now Building Business Intelligence By Doing Their Own Analytics.(Boeing Employees' Credit Union)
August 18, 2003... Business unit employees are mainlining data analytics at Boeing Employees' Credit Union. "We've got 40 'power' users of our analytical processing engine," said John Richardson, IT program manager. "These business analysts are generating...

Your Name, Someone Else's Domain: Many CU Names Available For The Taking Online.
August 18, 2003... As more top-level domain suffixes continue to be added to the ubiquitous .com-and as would-be cyber criminals become more creative-the potential for someone to impersonate a credit union online has become both cheap and easy. For about...

NCUA To Issue Reg Requiring CUs To Aid ID Theft Victims.(National Credit Union Administration)
August 18, 2003... NCUA will be issuing a proposed rule requiring credit unions to develop programs to take action when they have reason to believe a member has been the victim of identity theft or is vulnerable to being victimized. The new rules follow...

The Terminator? Kid TV Stars? Calif. CUs Mull Whom To Back.
August 18, 2003... With some 135 candidates approved for a ballot that could recall and replace current Gov. Gray Davis, this state's credit unions are trying to sort through the list to decide where to provide any support-if any is provided. The...

ON DEADLINE.(multiple articles)
August 18, 2003... Killer Was Wearing Jacket Reading 'FBI' WEBSTER, N.Y. -Police have confirmed that the man who shot and killed one member of Xerox FCU here last week during an attempted robbery was wearing clothing that resembled that of law enforcement...

African-American CUs See Progress In CUs As Careers.(credit unions)(African-American Credit Union Coalition)
August 18, 2003... Members of the African-American Credit Union Coalition met in Detroit last week to outline ways to increase exposure and gain more support of its goals within the CU industry. About 150 people from across the country participated in the...

Banks Critiziced, Investigated Following Report.(use of registered investment companies by banks being investigated by state taxation authorities)
August 18, 2003... The discovery of a scheme being used by banks in several states to avoid paying taxes has led to strong criticism and charges of hypocrisy by credit union representatives. It has also led to investigations by tax authorities and others in...

Worth Noting.
August 18, 2003... CUNA Tech Council Elects Board MADISON, Wis.-Elected to the CUNA Technology Council board for 2003-2004 were: Jim Morrell, VP- information systems, Clark County School Employees CU, Vancouver, Wash., chairman; Tom Kroen, director of...

Five Issues To Tackle Before Launching Biz Services.(credit unions)
August 18, 2003... Credit unions have historically been technologically savvy, but when it comes to commercial services, banking institutions lead the charge. Many CUs have begun developing strategic plans for 2004 and beyond and one item high on the to-do list...

Wait, There's A in My Soup: Minn. CU Sponsoring CarSoup.(Topline Federal Credit Union partnership with CarSoup.com to solicit auto loans)
August 18, 2003... Topline Federal Credit Union has a unique partnership with CarSoup.com that allows it to solicit auto loans to qualifying buyers using the online service. Under the agreement, individuals making private party purchases on CarSoup in the...

The 2003 Credit Union Journal Technology Panel.(members)(Brief Article)
August 18, 2003... The following are members of The Credit Union Journal's Technology Panel. They are all given the opportunity to participate in responding to reader questions, in addition to providing input to The Journal on our technology coverage. John...

Technology News.(Brief Article)
August 18, 2003... CUSO Forms Software Unit PASADENA, Calif.-Wescom Resources Group has formed WRG Software. The new division will offer a range of services, including eStatements, member-directed ACH, real time membership application with fraud protection,...

Small CUs Take Up Offer of Free Online Platform.
August 18, 2003... A free online banking platform is raising the stakes at a $3.1-million credit union here. "People are finding out that we're improving services without charging fees," said Faith Mitchell, CEO with Ketema FCU. "And our existing members...

OSDCU Offers Online Lending; Members Prefer To Call.(Ogden School District Credit Union )
August 18, 2003... The online auto loan application at Ogden School District Credit Union is a fifth wheel-members would rather call loan officers to talk auto lending at the $17-million CU here. That's according to Kent Greenfield, CEO at Ogden School...

Technology News.
August 18, 2003... VCCU, LLCU Select Harland PLEASANTON, Fla.-Two credit unions have selected Harland Financial Solutions' ULTRADATA System-VaCap FCU and Life Line Credit Union, Inc., both based in Richmond, Va. The $55-million VaCap will convert to the new...

You've Got (Surpringly Little) Mail: CUs That Signed Up For Partnerships With AOL Report Volume Never Met The Hype.
August 18, 2003... It was the early days of e-marketing. It was the turn of the new century-and some credit unions were signing exclusive partnerships with then omnipotent Internet service provider AOL. Three years later, e-marketing has matured- but not...