Credit Union Journal articles from July 2005

Credit Union Journal archives from July 2005

OTS OK's CCU Conversion, Senators Pressuring NCUA.(Office of Thrift Supervision)(Community Credit Union)(National Credit Union Administration)
July 4, 2005... WASHINGTON -- The Office of Thrift Supervision has certified Community Credit Union's membership vote to convert to a mutual bank charter, leaving NCUA as the sole holdout on the $1.4-billion CU's proposed conversion-and the pressure is on, now...

Data Breaches Lead To Member Letters, Replacement Cards.
July 4, 2005... FORT WAYNE, Ind. -- Dozens of credit unions around the country have been working to identify member accounts that may be threatened from the huge security breach at CardSystems Solutions and many have started to recall and replace affected...

Born On The 4th Of July: Country's Heritage Evident In Names.
July 4, 2005... AMERICA -- There will be significant talk of "America" this week. And "American." And Liberty, Freedom, and Patriot. And those are just the credit union names. As America celebrates its birthday this July 4, it will do so with more...

Mich Study: Consumers Like CUs, But Think Banks Safer.(Credit unions)
July 4, 2005... NORTHVILLE TOWNSHIP, Mich. -- Consumers think credit unions are better than banks in three areas -member service, low fees and loan rates. But a new study funded by the Michigan Credit Union Foundation has found that some consumers also think...

On Deadline.
July 4, 2005... Delinquencies Up On HELC, Down On Cards WASHINGTON-Delinquencies on home equity loans rose during the first quarter. According to data released by the American Bankers Association (ABA), delinquencies on home equity loans rose to 2.43% in...

Leagues Express 'Extreme Concern' Over FTC Plan On Private Insurance.(Federal Trade Commission)
July 4, 2005... RANCHO CUCAMONGA, Calif. -- The California and Nevada Credit Union Leagues have expressed "extreme concern" over proposals by the Federal Trade Commission on disclosures that privately insured credit unions must make to their members. The...

Danny Glover Has Praise For CDCUs' Work.(Community Development Credit Unions )(Brief Article)
July 4, 2005... SAN FRANCISCO -- Actor Danny Glover addressed the annual meeting of the National Association of Community Development Credit Unions here, speaking on economic justice and the important work of community development credit unions. Glover is...

NAFCU Withdraws From DLC Following Tax Proposal.(National Association of Federal Credit Unions)(Brief Article)
July 4, 2005... ARLINGTON, Va. -- NAFCU has withdrawn its membership in the Democratic Leadership Council. The move follows a proposal by the Progressive Policy Institute, which is closely aligned with the Democratic party, that the tax exemption for...

Worth Noting.(Western Rockies Federal credit union)
July 4, 2005... NACCU Seeking Nominations WASHINGTON-The National Association of Community Credit Unions is accepting nominations for its 2005 Community Credit Union of the Year award, which recognizes a community credit union that "exemplifies the...

Handouts, Hands Up, And A Hand To A Man In A River.
July 4, 2005... Orlando, Florida. Home to a fake Europe, a fake Middle East and a fake Africa, meaning no place fakes it quite like Orlando. But it was also home last week to a couple of credit union conferences at which some intriguing-and real-observations...

Search For Cal/Nev. League CEO Is Progressing.(chief executive officer)(Brief Article)
July 4, 2005... RANCHO CUCAMONGA, Calif. -- The search committee responsible for finding a successor to David Chatfield-CEO of the California and Nevada Credit Union Leagues who will be retiring April 1, 2006-is hard at work and expects to have a candidate...

Mortgages Up 25% After Streamlining, Fee Changes.
July 4, 2005... RALEIGH, N.C. -- State Employees' Credit Union (SECU) increased its mortgage loan applications by 25% after streamlining its program, reducing rates and eliminating some fees outright. Senior Vice President of Loan Administration Phil Greer...

Fee Waiver On 10 Services Draws Media Attention.(Wright-Patt Credit Union)
July 4, 2005... FAIRBORN, Ohio -- The elimination of 10 different fees for such services as travelers checks, credit cards, starter checks and account research has proven to be more than just "a nice, positive media experience" for Wright-Patt Credit Union,...

Product & Service.
July 4, 2005... Training Solution Is Selected AGUNA HILLS, Calif.-QuestSoft has entered into an alliance with CLC Compliance Technologies, Inc. The companies said the alliance offers comprehensive fair lending analysis report sets and services integrated...

Two Views On How IT Can Be Better Managed.(Information technology)
July 4, 2005... VANCOUVER, British Columbia -- Information technology (IT) doesn't matter-at least in the ways credit union management typically views and uses it, according to two experts. The Credit Union Executives Society's annual convention here...

Should CUs Buy Discover?(credit unions)(Steve Williams of Cornerstone Advisors)(Brief Article)
July 4, 2005... VANCOUVER, B.C. -- The CU movement is overcapitalized, and should invest its $20 billion in excess capital collaboratively, according to Steve Williams of Cornerstone Advisors. Individual credit unions do not have the resources or the risk...

Product & Service.
July 4, 2005... PSCU-FS Plans Regional Meetings ST. PETERSBURG, Fla.-PSCU Financial Services will host four regional meetings for its member-owners that will focus on building successful credit and debit card programs. The meetings will be held in...

Desert Schools Provides Office Space To Program That Teaches How To Save.
July 4, 2005... PHOENIX, Ariz. -- After already having donated computers, printers and $15,000 in grants, Desert Schools FCU decided it could still offer more help to a local program that helps low-income families learn to build savings. To that end,...

People.
July 4, 2005... Keesler Federal Credit Union, Biloxi, Miss., elected to its board: Don McCormick, chairman; Tommy Adkins, vice chairman; Cynthia Payne Childers, treasurer; Joe Vanhooser, secretary; Dean Todd, Gerald Caldwell and Adrien Augustine. Elected to...

NAFCU Disputes 'Unfair Advantage'.(National Association of Federal Credit Unions)(Brief Article)
July 4, 2005... ARLINGTON, Va. -- NAFCU has sent a letter to Senate Banking Committee Chairman Richard Shelby refuting FDIC Vice Chairman John Reich's recent testimony suggesting CUs have an unfair advantage over banks. Reich's testimony, submitted to the...

FPCU Teams With El Concilio.(Food Processors Credit Union)(Brief Article)
July 4, 2005... STOCKTON, Calif. -- Food Processors Credit Union and El Concilio/Council for the Spanish Speaking have teamed up to combine the credit union's specialized financial products and services with El Concilio's array of social service programs that...

Sponsors On CURIA Grows To 70...(Credit Union Regulatory Improvements Act)(Brief Article)
July 4, 2005... WASHINGTON -- The number of congressional co-sponsors on the Credit Union Regulatory Improvements Act (CURIA) now stands at 70 with the addition of three more members of Congress. The latest to sign on are Rep Gwen Moore, (D-WI), Rep...

...But How Quickly Will It Move?(Brief Article)
July 4, 2005... WASHINGTON -- Both CUNA and NAFCU continue to plug away at garnering support for regulatory relief efforts in general and the Credit Union Regulatory Improvement Act in particular, but CU lobbyists were split on how quickly credit unions will...

CUs Raise $500,000 For Ad Effort.(credit unions)(cooperative advertising campaign )(Brief Article)
July 4, 2005... FEDERAL WAY, Wash. -- Washington's credit unions have now raised more than a half-million dollars toward a cooperative advertising campaign in this state. The Washington Credit Union League reported that 19 credit unions have made...

How An Examination Of Loan Denial Rates Changed One CU.(credit union)
July 4, 2005... MADISON, Wis. -- Heritage Credit Union knew something was wrong with its 50% loan denial rate. But what it didn't know was that the journey it took to change that-which has since boosted the approval rate to 70%-would make such a big...

Member Stories Are Shared With Entire Staff.(Editorial)
July 4, 2005... Editor's Note: The following is a compilation of true lending stories from the loan officers of Heritage CU. HCU's Cindy Sutherland compiles these stories and then e-mails them out to the credit union's entire workforce to remind employees what...

Debate Over Charter Conversions On NASCUS Agenda.(National Association of State Credit Union Supervisors)(Brief Article)
July 4, 2005... ARLINGTON, Va. -- The controversial issue of credit union-to-bank charters will be front and center when NASCUS hosts its annual Conference & Symposium in Chicago in late August. The meeting will include the "Credit Union to Bank Charter...

Community Page.(Mid-Hudson Valley Federal Credit Union received award)(Telcoe Federal Credit Union seminar on benefits of budgeting)(Workers' Credit Union new facility)
July 4, 2005... SLPCU Participates In Links Of Love St. Louis Postal CU, St. Louis, participated in the Links for Love campaign and raised $1,600 for the Children's Miracle Network. Telcoe FCU Holds Free Seminar LITTLE ROCK, Ark.-Telcoe FCU held a...

Rolling The Dice: As Federal Credit Unions Head For Las Vegas For NAFCU's Annual Convention, The Credit Union Journal Examines Areas Where The Experts Say CUs Are Taking A Gamble.
July 11, 2005... WEST PALM BEACH, Fla. -- In Las Vegas, the house wins all ties. But that's often not the case for credit unions. As one analyst observed last week, "For years we talked about credit unions as not for profit, not for charity, but for service....

Lobbying By Bankers Stirs Effort To Rein In NCUA Efforts On Charter Conversions.(National Credit Union Administration)
July 11, 2005... WASHINGTON -- Intense lobbying pressure from the thrift industry has stirred up a hornets' nest on Capitol Hill, where members of Congress are buzzing NCUA over the agency's actions on credit union conversions. The thrift lobby, spurred by...

The Liquidation Option: Could Equity Be Returned To Members In A Conversion?(National Credit Union Administration)
July 11, 2005... WASHINGTON -- Ever since NCUA Chair JoAnn Johnson suggested altering the rules for credit unions seeking to convert to a savings bank charter to require that member equity be returned to the members who own it, as is done in the mutual...

NCUA Concerned Over Third-Party, Indirect Lending.(National Credit Union Administration)
July 11, 2005... ALEXANDRIA, Va. -- Credit unions have increasingly been betting on subprime indirect lending, and in many cases, the gamble has paid off. But NCUA has issued a Risk Alert to ensure that credit unions are doing more than just pulling on a...

On Deadline.
July 11, 2005... Report, Critical Of Most, Has Praise For CUs CHICAGO-A report by The Woodstock Institute suggests the credit card industry employs deceptive practices to make more money off of credit card consumers but pointed out that credit unions have...

Minn. CUs Step In In Wake Of Gov. Shutdown.(Minnesota, credit unions )(Brief Article)
July 11, 2005... ST. PAUL, Minn. -- A number of this state's credit unions were offering help last week to state employees as Minnesota operated with the first partial shutdown of government in its history. Some 9,000 employees were temporarily laid off due...

Feds Have Help On SARS (330 Pages Of It).(suspicious-activity reports, Independent regulatory commissions)(Brief Article)
July 11, 2005... WASHINGTON -- Federal regulators have released clearer guidelines on when to file suspicious-activity reports. The guidelines follow complaints primarily from the banking industry that examiners were second-guessing their decisions on when to...

Study Finds Racial Disparities In Lending.(mortgage loans)(Brief Article)
July 11, 2005... WASHINGTON -- The National Community Reinvestment Coalition has released a follow-up report to one done in April on the 2004 Home Mortgage Disclosure Act data, and has found even greater pricing disparities by race, income and gender. The...

Alleged Robber Pulled From Smoking Car.(Robert Kucharski)(Brief Article)
July 11, 2005... SOUTH BEND, Ind. -- An alleged credit union robber was dragged out of the smoking wreckage of his getaway car last week amid flying greenbacks he had stolen a short while before from Grand Heritage FCU, after a high-speed chased ended when the...

MasterCard Reports Surge In Debit Cards.(MasterCard International Inc.)(Brief Article)
July 11, 2005... PURCHASE, N.Y. -- MasterCard reported it had 567 million debit cards in circulation at the end of the first quarter of this year, an 8.3% increase over the same period one year earlier. The debit activity coincides with both an increase in the...

Loans Outpaced Savings In May.(markets)(Brief Article)
July 11, 2005... MADISON, Wis. -- Loan growth at CUs during May was up 1.2%, the highest monthly growth figure since August 2004, according to analysis by CUNA. Loans grew to $443.5 billion, a 10.7% increase over one year earlier. "It's very unusual...

After Year-Long Fall, CU CEO Confidence Rises.(credit union, chief executive officers)
July 11, 2005... DALLAS-After falling for nearly a year, a ranking of confidence in the economy by credit union CEOs has risen. The survey found that CEOs feel the current financial condition at their credit unions have improved, and they also feel...

Worth Noting.
July 11, 2005... NAFCU In Las Vegas This Week LAS VEGAS-NAFCU will host its annual meeting and convention here this week at the Mandalay Bay hotel. The Credit Union Journal will provide full coverage for readers. Award Deadline Approaching ...

You Just May Be Eligible For Membership In The CULT.(Credit Union Long-Timers)
July 11, 2005... Because you can never have too many, I am hereby announcing the formation of a new credit union trade and professional association: Credit Union Long-Timers, to be better known by its acronym-and if you're qualified for membership then you know...

Stock Sales Reveal The Real Story In CU Conversions.(credit union)
July 11, 2005... We're doing it because we need the capital! That's the reason du jour as to why it is necessary to convert from a credit union to a mutual savings bank. At first blush, it has an air of veracity. Yeah, the credit union has failed to raise...

Letters To The Editor.(Letter to the Editor)
July 11, 2005... Congratulations To NCUA Congratulations to NCUA on calling for the return of member capital, cooperatively built up over many years by members, back to members by credit unions converting to banks. As I have said all along, if these...

Research: What You Can Learn From Closed Accounts.(improving member service)
July 11, 2005... A Credit Union Journal article published earlier this year listed closed account surveys as one of the five most critical vehicles for improving member service. While it is true that credit unions can sometimes stress growth goals too...

Spread The Word About The Alternative Credit Unions Offer To Payday Lenders.
July 11, 2005... Much has been reported lately in the consumer press-from The New York Times to 60 Minutes-about the practice of unregulated payday lending. Payday loans offer "hassle-free" cash in exchange for a post-dated check. It's a $25 billion-a-year...

Be Prepared For Increased IT Scrutiny From Examiners.(information technology)
July 11, 2005... Regulators are no longer allowing the size of an institution to affect the depth of their examinations and severity of the penalties. More than ever before, examiners are demanding that even small institutions strictly adhere to rules and...

CCU Conversion Opponents Win Control Of Board Of Directors.(Columbia Credit Union)
July 11, 2005... VANCOUVER, Wash. -- In a display of credit union democracy, opponents of the controversial conversion attempt by Columbia Credit Union to a mutual savings bank finally won control of the credit union's board last month after a two-year...

UofW Facility To Bear CU's Name After $1M Pledge.(University of Wyoming, credit unions)(Brief Article)
July 11, 2005... LARAMIE, Wyo. -- The University of Wyoming got a boost in its fundraising drive from its employee credit union-a $1-million gift. The four-year commitment from UniWyo FCU will help fund the state's UW Distinction Campaign, which has raised...

Product & Service.(briefs)
July 11, 2005... TAPS Lending Symposium Set INDIANAPOLIS-The second annual TAPS Lending Partnership Symposium, hosted by FORUM Solutions, is set for Oct. 12-14. The event includes the latest information on lending trends and technology and features a...

Calif. League To Sit Out Contentious Redistricting Plan.(California Credit Union League )
July 11, 2005... SACRAMENTO, Calif. -- The California Credit Union League is as active as any league when it comes to state politics, but it plans to stay out of what is shaping up to be a bruising battle over redistricting in the Golden State. As is...

Hawaii Schools Helps Award Cars To Principals.(Hawaii Schools Federal Credit Union)
July 11, 2005... HONOLULU -- Hawaii Schools Federal Credit Union noticed the state's teacher of the year award winners received use of a new car, but principals of the year had to make do with a spa treatment. HSFCU has changed that. As a result, each...

Regulators Point To Shortcomings In BSA Compliance.(Bank Secrecy Act of 1970)(Brief Article)
July 11, 2005... ARLINGTON, Va. -- During a Bank Secrecy Act Compliance Seminar here co-hosted by CUNA and NASCUS credit unions were told many are falling short on compliance. The program specifically addressed concerns and questions about examining and/or...

Product & Service.
July 11, 2005... CUNA Mutual Buys EMI Supplier MADISON, Wis.-CUNA Mutual Group has purchased Systems Insurance of America a Wauwatosa, Wis.-based company that offers equipment maintenance insurance (EMI) to credit unions as a lower-cost alternative to...

Arrowhead (CU) May Move HQ Near Arrowhead (Ballpark).(Arrowhead Credit Union)
July 11, 2005... SAN BERNARDINO, Calif. -- Arrowhead Credit Union is negotiating with the City of San Bernardino to purchase property near the baseball stadium that bears its name, credit union officials confirmed. According to Larry Sharp, Arrowhead's CEO,...

Group Seeks Biz Continuity Standards.(Financial Services Technology Consortium)
July 11, 2005... NEW YORK -- The Financial Services Technology Consortium (FSTC) reported it has established a single source for global business continuity regulations following completion of a six-month project to document varied, and what it called "often...

Ohio CU Offers 'Good Faith Guarantee'.(new mortgage loan )
July 11, 2005... FAIRBORN, Ohio -- Wright-Patt Credit Union, Inc. has introduced a new mortgage loan "Good Faith Guarantee." The credit union said that while "mortgage lenders have no legal obligation to honor their Good Faith Estimates at the time of...

Product & Service.(Clark American Checks, Inc, service enhancement, EXPERT CallBack)
July 11, 2005... Deluxe, IDA Enter Into Alliance ST. PAUL, Minn.-Deluxe Financial Services (Deluxe) and Integrated Data Systems, Inc. (IDS) have formed a strategic alliance to provide credit unions with access to DeluxePort, a browser-based check order...

Congress Wrestles With Fix For Data Thefts.
July 11, 2005... WASHINGTON -- While millions of consumer-and hundreds of credit unions and banks-are working to resolve the latest incidents of online security theft, Congress is struggling to find a way to deal with the broadening problem. In the latest...

CURIA Sponsors Now Stand At More Than 70.(Credit Union Regulatory Relief Act)(Brief Article)
July 11, 2005... WASHINGTON -- Several more lawmakers added their names as co-sponsors of the CU Regulatory Relief Act-better known as CURIA-just before the Independence Day recess. That brought the number of co-sponsors to 74, including 45 Democrats, 28...

Delinquency Ratio At CUs Slides To New Low.(credit unions)(Brief Article)
July 11, 2005... MADISON, Wis. -- The delinquency ratio for credit unions continued to fall in May dropping to a new low of just 0.62%, according to CUNA. That's down from a previous record low of just 0.64% in both March and April, and 0.74% at the end of...

People.(credit unions)
July 11, 2005... CORE Credit Union, Statesboro, Ga., named Robert C. Michael CEO. Tiffin St. Joseph FCU, Tiffin, Ohio, announced the retirement of Virgil Mathias. The New York Credit Union Foundation, Albany, N.Y., elected to its board: William J....

Man Seeking To 'Change The Planet' Appeals To CUs To Help Him Do So.(credit unions, Bill Strickland)(Brief Article)
July 11, 2005... VANCOUVER, British Columbia -- The recent CUES' annual convention here brought in credit union CEOs, technology consultants, and an international slate of economists from Cornell, Harvard and the London Business School. But the warmest and most...

Mountain State CUs Hold Roundtable.(21st Annual Mountain Regional Credit Union Roundtable)(Brief Article)
July 11, 2005... JACKSON HOLE, Wyo. -- The Wyoming Credit Union League hosted 89 credit union professionals from this state, Idaho, and Montana for the 21st Annual Mountain Regional Credit Union Roundtable. Among those addressing the meeting was NCUA Board...

Top CUs By Assets As Of March 31.(credit unions)(Illustration)
July 11, 2005... (part 1 of 2) Rank Credit Union 1 Navy Federal Credit Union 2 State Employees Credit Union 3 Pentagon Federal Credit Union 4 Golden 1 Credit Union 5 Orange County Teachers FCU 6 Boeing...

Panel Has Advice On Insurance Sales.(property and casualty insurance)
July 11, 2005... ORLANDO, Fla. -- If credit unions are considering offering personal and commercial insurance to their members, the biggest challenge is researching and finding the most effective and efficient mode of delivery, a panel of insurance experts...

Regulators' Misplaced Focus: 1 View On What's Hurting Profitability.(credit unions)
July 11, 2005... ORLANDO, Fla. -- Credit union bottom lines are underperforming-and in many cases operating in the red-because regulators continue to misunderstand when earnings are at risk. That's the argument being made by Peter Duffy, VP with New...

The Ups & The Downs: Effects of Rate Moves Depend On The CU.(credit unions)
July 11, 2005... ARLINGTON, Va. -- Where's the risk: when interest rates rise, or when interest rates fall? The fact is, both environments carry their share of risk for credit unions, according to two experts. "Traditionally, most people think that when...

CUNA Initiative Aims To Boost Performance As Rates Rise.(Credit Union National Association)
July 11, 2005... MADISON, Wis. -- CUNA said it has rolled out a new educational initiative designed to help credit unions succeed in a rising rate environment by coordinating national and state training, research, and publishing resources on strategies that...

Study Confirms How Banks, CUs Differ In Changing Their Pricing.(credit unions)
July 11, 2005... MADISON, Wis. -- Research has confirmed what many might have suspected, which is that credit unions and banks differ in their response to changes affecting the price of their products and services. In the new research from the Filene...

Alliant CU Boosts Dividend To 3.25%.(Alliant Credit Union)(Brief Article)
July 11, 2005... CHICAGO -- For the second straight quarter, Alliant Credit Union has boosted its quarterly savings dividend rate, this time to 3.25%-with a compounded APY of 3.29%. The dividend is paid to members with savings of $100 or more. Alliant said...

Risky Business (Lending): Lessons In Understanding The Challenges & Opportunties.(member business loans)
July 11, 2005... ORLANDO, Fla. -- Credit unions have recognized the fertile opportunities presented by member business loans. But many don't understand the distinctions and complexities such lending presents compared to traditional consumer lending, two...

Right Idea, Wrong Incentives: Why Well-Intended Programs Can Generate Poor Results.
July 11, 2005... ORLANDO, Fla. -- There are many ways to reward credit union staff for sales leads and opportunities. But choosing the wrong incentive strategy, credit unions risk losing sales, suffering morale problems and even creating staff turnover,...

Convenient For Members And Scammers: The Risks Involved In New Payments Methods.(prepaid cards safety and security measures)
July 11, 2005... ORLANDO, Fla. -- Emerging plastic card programs such as prepaid gift cards, payroll cards or "contactless wave cards" are becoming increasingly popular with consumers-and with scammers. Three experts-Ann Davidson, CUNA Mutual Group payment...

Managing Internet Risks: What Should Be At The 'Top of The Priority List'.(technological advancements influence on credit unions)
July 11, 2005... VANCOUVER, B.C. -- Technological advancements will continue to change the way credit unions do business on into the future, but one expert says future credibility depends on addressing security concerns today. Steve Williams, principal of...

The Great Risk Of Not Knowing: Not Having Good Data On Member Profitability Is Costly, Says 1 Analyst, Who Suggested That 60% Of Cross-Sales Are Not Profitable.
July 11, 2005... ORLANDO -- It's no secret to any credit union that profitability is squeezed. But where the biggest risk lies for credit unions, according to one person, is in not knowing which member behaviors are contributing to profitability, and which are...

We Need To Talk (To The Member): Technology Generates Savings, But It Also Poses A Risk, Says Panel, Citing Missed Opportunities.(Panel Discussion)
July 11, 2005... ORLANDO, Fla. -- Technology may be driving much of the decision making in lending but it would serve credit unions well if lenders got back to an old-fashioned strategy: a conversation with the member. "Many lenders are becoming...

Ignorance Risk: Why CEOs Must Know More Than Just Their Own Products.
July 11, 2005... ORLANDO, Fla. -- The average credit union CEO understands his or her own product line. But what about that of competitors? "Whether it's Exchange Traded Funds, Index Annuities, Lifestyle Mutual Funds or Living Benefits in Variable...

Product & Service.(Auto Financial Group)(NAFCU Services Corporation)(MortgageClick)(Leominster Credit Union)(First Lenders Data, Inc)
July 11, 2005... NSC Endorses Auto Financial Group ARLINGTON, Va.-NAFCU Services Corporation (NSC) has selected Auto Financial Group (AFG) as its "Preferred Partner" for auto balloon note financing for credit unions. The Preferred Partner title was awarded...

Successful, Stuck & Stale: Your Credit Union's Doing Well-Why That May Be Just The Risk.(Credit Union Executives Society's annual convention)
July 11, 2005... VANCOUVER, B.C. -- The business world searches endlessly for efficiency, but underestimates the importance of discovery. That was the message from Tony Eccles, professor and programme director at the London Business School. Eccles told...

News Briefs: Visa Rolling Out Hispanic Financial Education Campaign.(Visa U.S.A. Inc.)(Brief Article)
July 11, 2005... SAN FRANCISCO -- Visa USA announced that it is rolling out a Hispanic Financial Education Campaign. The new program is aimed at providing Hispanic consumers the tools they need to make sound financial decisions in their lives, the company...

Young Members 'Freezing' You Out? What 1 CU Has Done.(credit unions)
July 11, 2005... VANCOUVER, British Columbia -- Why don't younger members join the credit union? It's unlikely they've heard about it from their parents, suggested one person. In fact, it's unlikely they've gotten much financial direction at all. Amy...

Product & Service.(RewardsNOW)(Wepawaug-Flagg FCU)(Vista Financial Services, LLC)
July 11, 2005... Do-It-Yourself Awards Offered DOVER, N.H.-A new service from RewardsNOW is offering an online, "do-it-yourself rewards program that allows customers to redeem loyalty points to download music from a library of more than 800,000 songs. The...

Utah CU Creates Program To Help Employees Facing Crisis; One Mom's Story After Cancer Diagnosis.(America First Credit Union)
July 11, 2005... OGDEN, Utah -- Good news, you're pregnant. Bad news, you have cancer. For America First Credit Union Auditor Melinda Stoor, there was no question about what she had to do. "Who do you want to perform the abortion?" she recalled the...