Credit Union Journal articles from February 2003

Credit Union Journal archives from February 2003

Utah's Banks, CUs Square Off At Debate On Tax Proposal.
February 3, 2003... Dozens of credit union executives packed a state Capitol auditorium in a face off with an equal number of bankers last week during an extraordinary legislative debate over the controversial proposal to tax the state's largest credit unions....

Credit Union's Plan To Buy Bank Raises Host Of Issues.(University of Iowa Community Credit Union wants to acquire Hawkeye State Bank)
February 3, 2003... The proposal by University of Iowa Community CU to acquire Hawkeye State Bank is expected to take several months to complete as both state and federal regulators sift through the particulars of the unprecedented deal. James Forney, state...

State, Fed Regulators Pushing For Expanded Reg Relief Bill.(regulatory relief package)
February 3, 2003... State credit union regulators called on Congress to include in its impending regulatory relief package a measure that would allow federally insured credit unions to offer secondary capital instruments, and to count those instruments as net...

CUs Awaiting Payment From Failed Broker To Wait Longer.(Bentley Financial Services)
February 3, 2003... For dozens of credit unions awaiting repayment from the ill-fated investments with defunct Bentley Financial Services the check's not quite in the mail. An initial payout of $128 million to credit union victims from the rogue broker's...

Investors in Failed Brokers.(Bentley Financial Services)(Brief Article)(Illustration)
February 3, 2003... Among the credit unions with large investments in Bentley Financial Services were: Credit Union ST Amount Houston Energy TX $13.9M Texaco Houston TX $10.2M ...

ON DEADLINE.(member business loan cap exemptions; loan growth predictions)(Brief Article)
February 3, 2003... Bill Would Exempt Some CUs On MBL Cap WASHINGTON-A measure introduced in the House last week would relieve some of the pressure on faith-based credit unions specializing in member business loans by exempting religious-based loans from the...

Groups, Including CUs, Blast Use Of Fee-Based Overdraft Plans.
February 3, 2003... More than 50 consumer groups have joined together to blast "fee-based overdraft programs" in place at more than 1,000 financial institutions, including credit unions. Calling such programs a "hidden and unfair tax on the most vulnerable...

Maine CUs Set New Record In Hunger Fight.(2002 Maine Credit Unions' Campaign for Ending Hunger)(Brief Article)
February 3, 2003... Maine's credit unions have set another record in raising funds to help end hunger in the state. At a ceremony at the Senator Inn in Augusta and with hundreds of representatives from Maine food and hunger organizations, Maine's CUs announced...

How 1 CU Is Using Marketing, Partnerships To Grow.(Kinecta Federal Credit Union)
February 3, 2003... Kinecta Federal Credit Union may look like a community-chartered credit union and, at times, even act like one. But, says Teresa Freeborn SVP of marketing and communications, it's not. And, from Kinecta's view, it's even better because...

Worth Noting.(industry briefs)
February 3, 2003... Forecast: More Bankruptcies In '03 WASHINGTON-The American Bankruptcy Institute (ABI) is forecasting that 2003 could set a new record for bankruptcy filings. According to ABI, the Administrative Office of the U.S. Courts reported during...

Smiles May Go Miles, But It's Research That Delivers.(credit unions need more than just friendly service)
February 3, 2003... In the yesteryears of credit union service, successful service-oriented transactions were completed with a smile and a personalized greeting. Today, the bar has been elevated for service expectations with consumers expressing the importance of...

Ad Campaign Raises Awareness Of CUs In N. Nevada.(credit unions)
February 3, 2003... One year after nine credit unions in northern Nevada funded a cooperative advertising campaign to raise public awareness of credit unions, officials say the program has worked, but that there is considerable work left to be done. The...

Plan Aims To Aid Product Launches.
February 3, 2003... The Illinois Credit Union League Service Corp. has introduced a new program it says will help CUs to expand product and service offerings while also providing opportunities to increase investment earnings. The program, called EZ Launch,...

Golden 1 Adds Long-Term Care.(Brief Article)
February 3, 2003... The Golden 1 Credit Union said it will offer long-term care insurance coverage to its 490,000 members. The coverage is being provided through Long Term Preferred Care (LTPC), Nashville, Tenn. The credit union pointed to statistics from several...

SunCorp Consolidates To 1 Site.(Brief Article)
February 3, 2003... The $2.5-billion SunCorp Corporate Credit Union said it will consolidate in mid-February its Denver regional operations into a new office in the CirclePoint Corporate Center in Westminster, Colo. The new location will allow it to bring...

Product & Service.(various news items)
February 3, 2003... PEMCO Chooses S2 Systems SEATTLE-PEMCO has chosen S2 Systems' Electronic Funds Transfer (EFT) solution running on Intel architecture- based servers to operate the server for its ATM and PIN-based debit card processing. "The satisfaction of...

First Woman & Minority At Regulator's Office Retires.(Michigan Office of Financial Services)
February 3, 2003... In 1977, Delores Bledsoe became the first woman and the first minority hired by the Lansing, Mich. Office of Financial Services. Today, she says, more than 50% of the examiners in her division that oversees credit unions in metropolitan...

Permaculture, Self-Help Recognized For Being Earth Friendly.(two credit unions given awards)
February 3, 2003... Two credit unions -Permaculture CU, Santa Fe, N.M. and Self-Help CU, Durham, N.C.-were among 10 organizations across the country that were recognized for community investments that have supported earth-friendly products and services and...

Product & Service.(three news items)
February 3, 2003... Aimbridge Expands Into Mortgages DENVER-The Aimbridge Group, a provider of financial products through partnerships with credit unions, said it has reached an agreement with Loans at Wholesale to create a new mortgage product division...

Eight Wash. CUs Agree To Share 40 Branches.(Washington state credit unions)
February 3, 2003... Eight of the Evergreen State's largest credit unions will now share their facilities- meaning nearly 400,000 members in the Puget Sound region from Olympia to Bellevue soon will be able to process transactions at 40 branches. Kevin...

93 FCUs Made Switch To Community Charter In '02.(federal credit unions)
February 3, 2003... NCUA said it approved 93 more conversions to community charter last year, bringing to almost 500 the number of federally chartered credit unions that have opted for community fields of membership (FOM) since passage of HR 1151, the landmark...

Number of Mergers During Past Year (271) A Slowdown.(among credit unions)(Brief Article)
February 3, 2003... NCUA also approved 29 mergers in December, the most in any one month in more than a year-and-a-half. But the 271 credit union mergers approved last year was down from the 300 combinations in 2001 and the fewest in four years. Twenty of...

Flight From Federal To State Also Shows Reduction.(credit union charters)(Brief Article)
February 3, 2003... The flight from federal charter also slowed dramatically in 2002 from the previous years. NCUA said just 14 credit unions converted to state charter in 2002. That number was down significantly from the 27 approved in 2001 and the lowest...

Hot Money May Cool Off For Some Time In CUs.(Brief Article)
February 3, 2003... The nation credit unions continued to bathe in new savings last year, with more than $50 billion of new shares pouring into credit unions during the 12-month period, according to CUNA. That makes almost $110 billion in new savings flooding...

People.(various hirings and promotions at credit unions)
February 3, 2003... The Virginia Credit Union League, Lynchburg, Va., named Alda Wilkinson senior vice president of governmental affairs/public relations. USA Federal Credit Union, San Diego, named Joetta McNamara-Mihalovich assistant vice president of...

The CUJ Daily.(various news items about Credit Unions)
February 3, 2003... Colo. Adopts Incidental Powers DENVER-The state Financial Services Board has approved a new rule allowing state-chartered credit unions to perform a variety of services in-house, rather than through separately created CUSOs, providing...

Minn. Oks Community FOMs.(Minnesota )(Brief Article)
February 3, 2003... State regulators with the Department of Commerce said they have approved two large community FOMs. The first will allow Anoka Hennepin CU, Coon Rapids, to serve more than 300,000 residents in the cities of Brooklyn Park, Champlin, Dayton...

Community Page.(various news items about credit union activities )
February 3, 2003... SCU Donates $27,000 In Grants EUGENE, Ore.-SELCO Credit Union donated $27,462 in mini-grants. Award recipients included public and private school programs in both Lane and Deschutes Counties. DCCU Reports Holiday Deposits ...

NCUA Continues To Cut Costs.(National Credit Union Association)(Brief Article)
February 3, 2003... NCUA announced Wednesday it is relocating its west coast Region VI office in Concord, Calif., a suburb of San Francisco, to Phoenix, under recommendations made by the agency's Accountability in Management (AIM) task force. The relocation...

Canadian CU Has Similar Plans.(Desjardins Credit Union to buy Ontario Savings Office)(Brief Article)
February 3, 2003... In the second credit union purchase of a bank in the last week, Desjardins CU, part of the Quebec-based Desjardins Group, said it has agreed to buy the provincial government-owned Ontario Savings Office, under the government's privatization...

CUs Get Ready As 'Punitive' Tax Bill Heads To Utah House Vote.(credit unions prepare for credit union tax bill passed by Utah Business and Labor Committee)
February 10, 2003... After a heated debate between credit union and banking representatives, the Utah House's Business and Labor Committee passed the credit union tax bill last week by a 9-to-4 vote, sending the controversial measure on to a vote by the full...

CUs That Haven't Reacted Feel Pinch On Credit Cards.(credit unions' reaction to zero percent balance transfers on credit cards)
February 10, 2003... Auto loans aren't the only credit union product that is being affected by special 0%, no-money-down deals: credit cards may be feeling the pinch, too. "There are some very attractive 0% balance transfers out there right now, and consumers...

Zero Chance To Beat 0%? How Some CUs Are Fighting Rosy Deals.(credit unions' management of zero percent financing on vehicles)
February 10, 2003... Even one of the credit union movement's lending gurus admits he was stymied at first when the auto manufacturers' captive finances companies unveiled "new and improved" 0% financing. That is until he remembered one of the first rules of...

Banks Stuff The Mailbox On FOM Proposal.(bankers comment on National Credit Union Association's proposed field of membership rules)
February 10, 2003... In an attempt to sway NCUA board opinion, bankers submitted well over half the more than 480 comment letters collected by NCUA during the just-completed 60-day comment period on the proposal to ease field of membership (FOM) rules further....

Multi-Million Dollar Auto Scam Victimized At Least Five CUs.(credit unions)
February 10, 2003... More than a dozen used car salesmen and managers were arrested by federal authorities and charged with a multi-million-dollar fraud scheme that targeted American Indians and victimized lenders, including at least five area credit unions. ...

ON DEADLINE.(Wisconsin credit union membership, Washington insurance reform bill, Westin Horton Plaza sells out room)(Brief Article)
February 10, 2003... Member Growth Slows MADISON, Wis.-Membership growth slowed among credit unions to a nine-year low, even as assets were burgeoning by a healthy 11.5%, according to CUNA. Credit unions added about 1.7 million new memberships in 2002, the...

NCBA Warns CUs To Watch Case Of Minnesota HMO.(National Cooperative Business Association warning credit unions of Glen Taylor's possible appointment with HealthPartners)(Brief Article)
February 10, 2003... The National Cooperative Business Association (NCBA) is urging credit unions to pay close attention to what it termed a "brewing" situation related to a consumer-owned health maintenance organization (HMO) in Minnesota. At issue is an...

Bush Budget Proposes Less Funds For Community Fis.(President Bush proposes $51 million for the Community Development Financial Institutions Fund)(Brief Article)
February 10, 2003... President Bush's FY 2004 budget includes $51 million proposed for the Community Development Financial Institutions Fund. The budget request represents a drop from the President's FY 2003 budget request of $68 million. CDFI Coalition...

Arizona CU's Marketing Materials Hit West Africa.(TruWest Credit Union's marketing materials now in Senegal and Mali)
February 10, 2003... Marketing materials from TruWest Credit Union here can now be found around the countries of Mali and Senegal. The $590-million CU donated unused marketing materials in response to a request from Carol Schillios, president of Schillios...

Nat'l CU Foundation Issues $152K In Fourth Qtr. Grants.(National Credit Union Foundation issues disbursements through Community Investment Fund)(Brief Article)
February 10, 2003... The National Credit Union Foundation (NCUF) said it issued $152,282 in fourth quarter disbursements through the Community Investment Fund (CIF), bringing the total amount disbursed by NCUF during 2002 to $408,045. The NCUF noted that each of...

Study Offers 15 Steps Toward Effectively Getting SEGs.(study by Center for Credit Union Innovation into credit union membership)
February 10, 2003... Millions of Americans who could join credit unions haven't, for a variety of reasons. A new study seeks to provide strategies for turning those non-members into members. The study, published by the Filene Research Institute, is entitled,...

CUNA Proposes 4 Changes For FOM.(CUNA Mutual Group, field of membership rules)
February 10, 2003... In a comment letter to NCUA, CUNA has outlined four changes to field of membership rules to change what it calls "unnecessary limits." Saying it supports the agency's current proposal for revisions to its Chartering and Field of...

Just What Is A 'Small' CU?(CUNA Mutual Group's requirements for a small credit union)(Brief Article)
February 10, 2003... Just what constitutes small? NCUA defines it as any credit union with less than $1 million in assets, but has proposed raising that figure to $10 million in assets. But CUNA is urging the agency to expand the definition of small to $50...

Worth Noting.(news briefs)
February 10, 2003... 23,000-Member Church Gets CU HOUSTON-The Texas Credit Union Department has approved a charter for a new credit union to be sponsored by the New Light Christian Center Church here, which has 23,000 members. Organizers applied for a state...

Don't Forget About The Buy-In From You Know Who.(a discussion of organziational change for credit unions)
February 10, 2003... In the search for solutions, credit unions instigate change all the time-new strategies are implemented, departments are reorganized, people are promoted, systems are upgraded. Solutions create change and often more time and effort are given...

Plain Old Checking: Members May Understand Value Better Than CUs.(methods by which credit unions and financial services should sell their products to customers)
February 10, 2003... In the book "Rethinking the Sales Force," authors Neil Rackham and John R. Devincentis argue that service providers shouldn't necessarily try to convince consumers how much they need a product or service-the provider should simply create value...

CUNA Mutual Makes Changes To Card Coverages.(CUNA Mutual Group revamping credit card coverage)
February 10, 2003... With VISA and MasterCard preparing to transfer charge-back liabilities on Internet transactions to the card issuer, CUNA Mutual Group is revamping its credit card insurance coverage as an added incentive for credit unions to participate in the...

Frustrated Robbers Pour Gas, Light Fire.(Guidance Church of Religious Science Federal Credit Union suffers arson damage)(Brief Article)
February 10, 2003... Guidance Church of Religious Science FCU, a small CU with just 131 members and $432,000 in assets, suffered extensive damage to its office from arson. On Jan. 30, at approximately 6:30 p.m. PST, an unknown number of would-be thieves broke...

CO-OP Sets New Record.(CO-OP Network sales figures)(Brief Article)
February 10, 2003... The CO-OP Network said it established a record annual transaction volume during 2002, the 10th consecutive year it has done so. The 640-million transactions in 2002 represented a 34% increase over 2001. "The long-standing CO-OP Network...

Small CU Guru Moves To New Post.(Steve Goldberg named CUNA Mutual executive director of Foundation/Community Relations)(Brief Article)
February 10, 2003... Steve Goldberg, known to many small credit unions as the leader of CUNA Mutual's Small Credit Union project and a frequent speaker to credit union conferences, has a new position with the company. Goldberg has been named executive director...

Product & Service.(news briefs about credit unions, investment advisors)
February 10, 2003... Mid-States Opens Ohio Office DUBLIN, Ohio-Mid-States Corporate Federal Credit Union has opened a new office here to serve credit unions in the state. Heading up the new office for the Warrenville, Ill.-based corporate will be Vaughn...

WesCorp Pays $2.4M Dividend.(Western Corporate Federal Credit Union)(Brief Article)
February 10, 2003... WesCorp said it is paying a one-time patronage dividend to its member CUs totaling $2.4 million. WesCorp will release its dividend to members based on their average 2002 account balances in WesCorp's investment products. Credit unions will...

Florida CUs Seek Expansions.(VyStar Credit Union, State Employees Credit Union)(Brief Article)
February 10, 2003... VyStar CU, the $2.5-billion credit union known until last year as JaxNavy FCU, has applied to state regulators to add four more counties to its five-county FOM, which would give it a market of almost 2 million Florida residents. Separately,...

Ex-CU Manager Is Banned.(Dean Mangum banned from credit unions for committing fraud)(Brief Article)
February 10, 2003... Dean Mangum, the former manager of UARK CU, was banned from CUs for his role in a fraud scheme that drained almost $9 million from the $32 million Fayetteville, Ark., credit union, NCUA said. Mangum, 47, pleaded guilty to eight counts of money...

BECU Finds Odd Ally In Fight Against 0% Financing: Auto Dealerships.(Boeing Employees' Credit Union)
February 10, 2003... One credit union has found a way to compete with the 0% financing offered by the captive finance companies: let the dealers do the work for you. "We have found that yes, they're offering 0% on longer terms like 36 months and even 60...

GTE FCU Finds AAA Relationship Driving Loans.
February 10, 2003... When GTE FCU recruited AAA of the South as a SEG, it got more than just a new group to market its services to. It also found a willing partner in the auto loan business that has helped the credit union increase its loan volume at a time when...

HFFCU Offers Members Ways To Lower Rates.(Houston Fire Fighters Credit Union's automobile loan rates, loan promotions)(Brief Article)
February 10, 2003... How low can they go? Well, according to Tom Rowlands, VP of Lending at Houston Fire Fighters Credit Union, as low as necessary to attract business. Beginning Jan. 1, HFFCU's highest secured loan rate on a new vehicle was 5.45% for 72...

CUJ Resources.
February 10, 2003... Below is a list of some lending resources available to Credit Union Journal readers, along with ways to contact some of the credit unions on this page: * CUNA Lending Council: www.cuna.org/data/cu/ councils/clc/index.html or (800)...

Banker Strategy Obvious: Fight Taken To The States.(banking industry seeks credit union tax)(Brief Article)
February 10, 2003... The strategy is clear. The bankers are convinced they will receive little sympathy from Congress on their concerns over credit unions so they are taking their case to the states. Despite the growing federal budget deficit, the...

Mo. Bankers Plan Appeal: 'We've Come This Far'.(Brief Article)
February 10, 2003... The Missouri Bankers Association plans to appeal a state appellate court ruling last month which cut off its ability to bring challenges to the state's ever-growing field of membership (FOM) expansions. Max Cook, president of the MBA, said...

CUNA Pac Donation Pace Slowed Down In December.(Brief Article)
February 10, 2003... CUNA said its political action committee (PAC) made only $9,250 in campaign contributions in December, the least in several years, after a blistering two-year campaign cycle in which it bested its previous high for campaign activity by 60%....

Bush Budget Would Add $1M More for CDRL Fund.(NCUA Community Development Revolving Loan Fund)(Brief Article)
February 10, 2003... Among the items buried in the White House's proposed spending plan for fiscal 2004, released last week, is another $1 million addition to NCUA's Community Development Revolving Loan Fund. It would be the eighth year in a row $1 million has...

Washington.(personnel appointments)
February 10, 2003... Firstmark Credit Union, San Antonio, named Ginny Fisher vice president-finance and accounting. The Filene Research Institute, Madison, Wis., named Sharon Custer and Patsy Van Ouwerkerk to its research council. Security Service Federal...

The CUJ Daily.(credit union news briefs)
February 10, 2003... Texas CUs, Banks Eye HELOCS AUSTIN, Texas-Credit unions have joined the banks and S&Ls in a lobby group aimed at expanding the state's four-year-old home equity lending laws to allow them to offer home equity lines of credit. The...

Community Page.(community credit union charitable and other activities noted)
February 10, 2003... CAFCU Donates To Charity ELGIN, Ill.-Corporate America Family Credit Union donated $5,000 to Habitat for Humanity. CTCU Supports 2 Gift Drives GURNEE, Ill.-Community Trust Credit Union collected toys for the Marine Corps' Toys for...

Iowa's Bankers Back Bill To Assess Tax On State Charters.(Brief Article)
February 10, 2003... State lawmakers, spurred on by the unprecedented credit union proposal to buy a bank, were expected to introduce legislation last week that would assess the state's 5% corporate franchise tax on the largest state- chartered credit unions. The...

Four States Apply Some Type of Tax On State Charters.(Brief Article)
February 10, 2003... With the repeal of California's franchsie tax on credit unions two years ago there are only four other states that apply a tax on credit unions, other than sales taxes. In Iowa, state-chartered credit unions pay a "Monies and Credit Tax" that...

Tax On Out-Of-State-Based Credit Unions Raised During Montana House Debate.(Brief Article)
February 10, 2003... A bill that updates the Montana Credit Union Act has passed the Montana House, but only after objections were raised to the tax status of credit unions. House Bill 319, which clarified and updated portions of the state act, passed 92-3, but...

Heavy Lobbying Helps Trim Down Utah Bill, But Taxation Remains A Threat.
February 17, 2003... A full-court press by the credit union lobby succeeded in getting an onerous tax proposal cut back last week, but credit union representatives were still hoping to have the bill defeated. The Utah House was expected to vote on the bill late...

Giving Away A Little Too Much?: Credit Unions That Have Donated Used PCs To Charity Urge Others To Be Careful They Don't Give Away Member Data.
February 17, 2003... On a near weekly basis, The Credit Union Journal's Community Page includes reports of credit unions that have donated used personal computers to various charities. But could a credit union unknowingly send along member data with those...

Military CUs Say They're Ready To Go As Troops Ship Out.
February 17, 2003... The military build-up in preparation for a potential war with Iraq has credit unions serving military personnel gearing up as well. Military credit unions such as Navy FCU and Pentagon FCU have always been set up to help members of the...

Iowa Regulator Kills Plan To Buy Bank.(University of Iowa Community Credit Union acquisition of Hawkeye State Bank rejected)
February 17, 2003... State regulators last week effectively killed a proposal by University of Iowa Community CU to acquire a local bank, even before a formal application on the unprecedented deal had been submitted. James Forney, superintendent of credit...

ON DEADLINE.(industry briefs)(Brief Article)
February 17, 2003... Iowa Tax Bill Likely DES MOINES, Iowa-Lawmakers are expected to introduce a bill later this week which will apply a new tax to credit unions of more than $150 million in assets and operating in several counties. Rep. Lance Horbach,a...

Seven New Operating Platforms: $11 Million Dollar Budget: A 20-Year-Old DP Architecture And One Day To Get It All Done.(Boeing Employees' Credit Union)
February 17, 2003... It's not enough that Boeing Employees' Credit Union (BECU) pulled off the high-wire act of launching seven disparate systems in one day last November. "The conversion wasn't so much a technical challenge," explained Butch Leonardson, vice...

The 2003 Credit Union Journal Technology Panel.
February 17, 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.(industry briefs)
February 17, 2003... CUNA Raises Concerns Over E-Sign Law Aspects WASHINGTON-CUNA has sent a comment letter stating it believes that the exception for residential default and foreclosure notices in the "E-Sign" law should only be removed if adequate consumer...

Longer Board Meetings? Will Someone Second The Motion?(National Association of Credit Union Supervisors applies Knowledge-Based Governance model, delegates authority to committees)
February 17, 2003... Can you imagine your credit union's board voting to make its meetings last even longer? What about decentralizing the decision-making process so that committees make the important calls that used to be reserved for the board? One group...

Staff Intranet Credited For Aiding Training, Updates.(Atlantic Credit Union)
February 17, 2003... The Intranet is quickly becoming the hot spot for employees at Atlantic Credit Union. That's good news for the $245-million CU, said David Reis, vice president of IT. Employee training is streamlined, and software updates are easier. ...

LA CU On Fire When It Comes To Online Mortgage Apps.(Los Angeles Firemen's Credit Union)
February 17, 2003... With more than 70% of its mortgage loan applications completed online, it's apparent that Los Angeles Firemen's Credit Union (LAFCU) knows something about online lending. This month, the $534-million CU rides the online lending wave even...

Software Behind CU's Increase In Biz/Ag Lending.(Mennonite Savings and Credit Union uses ClearCredit software)
February 17, 2003... An "interactive, proactive" relationship with borrowers is enabled in part by credit risk technology at this $238-million credit union. According to Shawn Good, branch manager at Mennonite Savings and CU (MSCU), THE 114,000-member CU's...

Reader Question One.(business partner web access to legacy applications)
February 17, 2003... I've read there are developments in web services that will allow our legacy applications and systems to be accessible over the web to our business partners? True, or not there yet? Jim Hutchins, Re:Member Data Systems Indianapolis ...

Reader Question Two.(ATMs as a sales channel)
February 17, 2003... We've seen the reporting in The Journal about expanded functionality and been contacted by numerous ATM vendors, and have a CRM solution, but we question your panel on how legitimate a sales channel an ATM can really be? Zandy Reinshagen,...

Pentagon Withdraws From CUNA.(Pentagon Federal Credit Union, Credit Union National Association)(Brief Article)
February 17, 2003... Pentagon FCU, the nation's fourth-largest credit union, said it is withdrawing from CUNA, for the second time in the past eight years. Rocky Mitchell, senior vice president for external affairs, said the move has nothing to do with...

Concord May Rival CO-OP.(Brief Article)
February 17, 2003... Concord EFS's deal last week to acquire Credit Union 24 represents an effort by the nation's largest electronic funds transfer company to set itself up as a rival to credit union-owned CO-OP Network as a national switch for credit unions....