Credit Union Journal articles from July 2007

Credit Union Journal archives from July 2007

CUs Reject NCUA Bid For Increasing Transparency: One Member Rights Group Applauds Proposal.
July 2, 2007... ALEXANDRIA, Va. -- Credit union executives overwhelmingly oppose NCUA's recent efforts to increase transparency for members, putting the federal regulator at odds with the industry. The two proposals-one that would set clear standards for...

LGFCU Seeks To Help Members At Risk Of Losing Their Homes.(services of Local Government Federal Credit Union )
July 2, 2007... RALEIGH, N.C. -- Homeowners across the country are at risk of losing their homes as adjustable rates are ticking up, which is why one credit union is trying to do something about it. Before mailing out letters to the 20,000 members who may...

The Comeback Loan: Lending Experts See New Opportunities Ahead For The Signature Loan.
July 2, 2007... PHILADELPHIA -- The signature loan, the long-time credit union mainstay that has faded to a niche offering for most, may make something of a comeback. Market factors ranging from stiff competition to declining housing markets have chipped...

CUNA Hails Latest IRS Rulings As Victory In UBIT Debate.(Internal Revenue Service and Credit Union National Association)(Brief article)
July 2, 2007... WASHINGTON -- The IRS has released a new set of Technical Advice Memoranda (TAMs) ruling that credit union interchange fees are not subject to unrelated business income tax (UBIT). The set of 12 TAMs follow a previous series issued by IRS...

On Deadline.(briefs)
July 2, 2007... Data Breach Legislation Moves Forward In Calif. SACRAMENTO, Calif.-Legislation designed to hold retailers responsible for protecting consumer information was approved by a 3-1 vote by the California State Senate's Judiciary Committee during...

Cap Com FCU Scores Unique Naming Rights To Radio Facility.(Capital Communications Federal Credit Union)(Clear Channel Communications Inc.)
July 2, 2007... ALBANY, N.Y. -- When Clear Channel first approached Capital Communications Federal Credit Union earlier this year with a unique marketing concept, the credit union's decision was made easily. Less than two months later, Capital...

NCUA Outlines Proposed Changes To Prompt Corrective Action Rule.(National Credit Union Administration)(Brief article)
July 2, 2007... ALEXANDRIA, Va. -- NCUA has put together a "Q&A" explaining its proposed amendments to the Prompt Corrective Action rule on its website at www.ncua.gov. Here are excerpts from that document. Why is this a good time to change PCA? Many...

STATE STAT-SHOT.(reports of credit unions)(Brief article)
July 2, 2007... Throughout 2007, the Credit Union Journal is profiling the credit unions of each U.S. state and D.C. Rather than appear in alphabetical order, the states are being featured in the order they became states. MICHIGAN Number of credit...

Worth Noting.(briefs)
July 2, 2007... TDECU Loans Surpass $1B Mark LAKE JACKSON, Texas-Texas Dow Employees Credit Union has surpassed the $1 billion threshold in loans. "TDECU highly prioritizes affordability in its loans," Paul Perdue, vice president risk management said....

'Little Guy' Gets Florida Makeover, Takes His Show On The Road.(Michigan Credit Union League and Eastern Financial Florida Credit Union)(Credit Union National Association)
July 2, 2007... MIRAMAR, Fla. -- CUNA's "Little Guy" is taking his show on the road. Eastern Financial Florida CU and the Michigan Credit Union League are joining others in the industry in taking on CUNA's "Little Guy." CUNA first introduced "Little...

CUs Share How Being Named 'Great Place To Work' Has Paid Off.(Great Place To Work Institute Inc.)
July 2, 2007... LAS VEGAS -- It's not just an honor to be named to the Great Place To Work Institute's list of top employers-it also helps attract the best employees, and in turn boosts member service. That was the message from several credit unions that...

Now In The Market.(Nationwide Marketing Solutions)(CO-OP Financial Services )(NewGround)
July 2, 2007... Nationwide Marketing Wins Awards Redlands, Calif.-Nationwide Marketing Solutions won two awards at this year's Marketing Association of Credit Unions annual conference in Seattle, Washington with a Bronze and Silver Award in the Annual...

Great Place To Work Calls For Entries.(human resource management of Great Place to Work(r) Institute, Inc.)(Brief article)
July 2, 2007... SAN FRANCISCO -- Great Place to Work(r) Institute, Inc. is currently seeking nominees for its 2008 "Best Small & Medium Companies to Work for in America" list, published annually by Society for Human Resource Management in HR Magazine. To...

How Fitting That Independence Day Is Coming This Week.(services of National Credit Union Administration)
July 2, 2007... As if the summer of 1787 were not hot enough in Philadelphia, the men meeting there wore wool clothing, jackets, long sleeves and in some cases, wigs. Simple fans were a century away; the undreamed of air conditioning nearly two centuries. As...

Calendar.(Calendar)
July 2, 2007... JULY July 14-26 CU Educruises' "Alaska Experience By Land & Sea." Departing from Vancouver, B.C. Ship: Princess Cruise Line's Sapphire Princess. For info: www.educruises.com. July 18-21, 2007 NAFCU Annual Conference &...

CUs With 'Excess' Capital Have Become Merger Targets.(Wings Financial FCU and Continental FCU)
July 2, 2007... Editor's Note: This article first appeared in Digest, the magazine of the California/Nevada CU Leagues. Thankfully, Wings Financial FCU has withdrawn its proposal to merge with Continental FCU. Now that the entire credit union movement has...

Graduate's Goal To Change Lives One Community At A Time.(officials and employees of credit unions )(Viewpoint essay)
July 2, 2007... Editor's Note: The following comments were shared by Joshua Kurtz of Millstream Area CU following his graduation from the Credit Union Development Education (DE) program in Madison, Wis. For info: www.ncuf.coop. Prior to going through my...

Time To Engage In Taboo-Free Strategic Thinking.(analysis if strategic planning)
July 2, 2007... Already this year the credit union industry has seen tangible illustrations of compelling change. In response, every credit union must engage in no-fear, taboo-free strategic thinking in 2007. Anachronistic concepts like "movement unity" and...

How To Manage Generational Culture Clash At Work.
July 2, 2007... ORLANDO, Fla. -- At long last, it's not just about the Baby Boomers anymore. After having reigned supreme as the largest generation with an equally enormous impact on our culture, the Baby Boomers are finally being overtaken-at least in...

Stave Off High Turnover By Hiring Right In First Place.(management of employee costs)
July 2, 2007... ORLANDO, Fla. -- What is a good hire? What are the costs involved in hiring a new employee? What is a behavioral interview? These questions were answered during the "The Art of Hiring Smart" session at the Florida Credit Union League's 73rd...

Survey Says: Bank Call Centers Earn High Marks.(Survey)(Brief article)
July 2, 2007... ANN ARBOR, Mich. -- Banking call centers rank second only to those of catalog retailers in customer satisfaction, though more than half of bank customers say they would defect over a bad phone experience, according to a new survey. The...

NCUF, LCUL Host Grant Writing Workshop For CUs.(National Credit Union Foundation and Louisiana Credit Union League)(Brief article)
July 2, 2007... BATON ROUGE, La. -- The Louisiana Credit Union League and the National Credit Union Foundation (NCUF) co-hosted the first National Grant Writing Workshop here. Steve Bosack, deputy director of the NCUF, led the session, along with Michele...

CU Contributions To Va. Tech Top $100,000.(Credit unions)(Freedom First FCU Virginia Tech Memorial fund)(Brief article)
July 2, 2007... SALEM, Va. -- Credit unions have donated more than $111,000 to the Freedom First FCU Virginia Tech Memorial fund, established by the eponymous credit union. "I wish to thank all those across the credit union movement for their support in the...

Filene Seeks More CUs To Pilot 'Savings Revolution'.(services of credit unions)(Brief article)
July 2, 2007... MADISON, Wis. -- The Filene Institute is seeking CUs to participate in a pilot program aimed at helping members get out of debt and build wealth. "Savings Revolution" monitors the progress of competing members working to achieve their savings...

Now In The Market.(Fidelity National Information Solutions Inc.)(Southeast Corporate Federal Credit Union)
July 2, 2007... Warren FCU Selects FNIS JACKSONVILLE, Fla.-Fidelity National Information Services, Inc. (FIS) announced that Warren FCU signed a multiyear contract for FIS' Premium Bill Payment and Presentment. Headquartered in Cheyenne, Wyo., Warren FCU...

Why Signature Loans Are Still A Key Offering At Some CUs.(Coastal Community Credit Unions)
July 2, 2007... FT. LAUDERDALE, Fla. -- Not all credit unions have "forgotten" about the signature loan. Take the $266-million City County Credit Union here, where the signature loan still has a special place. "We have a large number of members who...

Payday Loans Offer AAFCU Members 'Smart Solution'.(services of Air Academy Federal Credit Union)(Brief article)
July 2, 2007... COLORADO SPRINGS -- Air Academy FCU is billing its new payday loan product as a smart solution to the short-term cash problems of its members, many of them Air Force cadets. The $320-million credit union is offering loans up to 60-days,...

CEFCU's 'Quick Advance' Provides Ready Cash.(services of Caltech Employees Federal Credit Unions)(Brief article)
July 2, 2007... PEORIA, Ill. -- CEFCU has rolled out its own payday loan product, a 31-day loan at 18%. Members can borrow up to $500 four times a year, with no credit check and instant approval, with CEFCU's Quick Advance. Members have up to 31 days to...

CommonWealth CCU Signs With Lending Solutions.(CommonWealth Central Credit Union)(Brief article)
July 2, 2007... SAN JOSE, Calif. -- CommonWealth CU said it has contracted with Lending Solutions Inc. to implement the company's 24/7 call center and Internet lending services. The $400-million credit union is also using Lending Solutions' WebClose...

Now In The Market.(Creditor Resources Inc.)(TNB Card Services)(Lending Solutions Inc.)
July 2, 2007... CRI Teams With Frost Financial ATLANTA-Creditor Resources, Inc. (CRI) is partnering with Frost Financial Services, Inc. to deliver Vehicle Loan Protect, a debt cancellation option with simplified implementation, administration, and...

CUNA PAC Money Helps To Grow CURIA Sponsors.(services of Credit Union National Association)(Brief article)
July 2, 2007... WASHINGTON -- CUNA continued to sprinkle campaign contributions last month on sponsors of the CU Regulatory Improvements Act, or prospective CURIA sponsors, as the list of signees to the bill topped 100. At press time the number of CURIA...

Banking Lobby Dusts Off Old ABA/ACB Merger Plans.(American Bankers Association and America's Community Bankers)(Brief article)
July 2, 2007... WASHINGTON -- The American Bankers Association and America's Community Bankers, the lobby group for the S&Ls, are seeking to finalize their decade-long courtship and announced last week they have tentatively agreed to merge, again. The...

FHLB Of Cincinnati Unveils Aid for Foreclosures.(Federal Home Loan Bank of Cincinnati)(Brief article)
July 2, 2007... CINCINNATI -- The Federal Home Loan Bank of Cincinnati announced last week it is making $250 million in low-cost funds available to its credit union and bank members to help troubled homebuyers refinance their mortgages. Assistance under the...

Center for Responsible Lending Gets $2M Grant.(Brief article)
July 2, 2007... DURHAM, N.C. -- The Center for Responsible Lending, a growing consumer lobby created by Self-Help CU, got a boost last week when the Pew Charitable Trusts awarded it a $2 million grant, part of the national foundation's new fight against...

Fed Plans More Consolidation in Check Processing.(planning of Federal Reserve Board)(Brief article)
July 2, 2007... WASHINGTON -- The Federal Reserve announced last week it plans to trim another 1,740 jobs in its check processing operations as increasing numbers of checks are being processed online. As part of the ongoing consolidation that has halved the...

People.(Credit Union Association of Colorado)(Alabama Credit Union League)(DATCU Credit Union)(Brief article)
July 2, 2007... DATCU Credit Union, Denton, Texas, promoted Jon Madsen to SVP of operation, Melanie Vest to VP-controller, Pat Sherman to director of marketing and Kay Schroeder to director of HR. The Alabama Credit Union League, Birmingham, elected to its...

Agenda.
July 2, 2007... Meetings NCUA Outreach task force will hold a town hall meeting July 16 in Los Angeles. NCUA Board Meeting, July 26. Comment NCUA: comments on chartering and FOM and bylaws are due Aug. 6. (c) 2007 The Credit Union...

NY State Charters Near Parity.(laws and rules of credit unions)(Brief article)
July 2, 2007... ALBANY, N.Y. -- State-chartered credit unions will attain long-sought parity on regulatory allowances under a wild card bill approved by the legislature. The wild card provision will authorize state-chartered credit unions to exercise the same...

Cap Com Broadcasts Unique Deal.(Clear Channel Communications Inc. and WGY-Radio )(Brief article)
July 2, 2007... ALBANY, N.Y. -- At the top of every hour, listeners of radio station WGY, AM 810 hear, 'Your news. Your talk. From the Capital Communication Federal Credit Union studios.' before every news broadcast. The hourly tout is part of a unique...

SECU Endows Local Scholarship.(State Employees Credit Unions)(Brief article)
July 2, 2007... BOONE, N.C. -- State Employees CU said it has contributed $8,500 to start an annual scholarship in healthcare at Appalachian State University in the name of Leigh Ann Cable, a freshman who died last year. The scholarship, which was founded by...

$200K Question: Where's The Loot?(William Beeler convicted for a robbery)(Brief article)
July 2, 2007... INDIANAPOLIS -- A jury convicted William Beeler of robbing a branch of Forum CU of more than $210,000 in June 2006, but none of the money was ever recovered. Beller, 45, of Indianapolis, maintained his innocence, despite the fact that $11,000...

READER RESOURCES.
July 2, 2007... Credit Union Journal Subscribers can access all content from the print edition every Monday simultaneously with its publication at www.cujournal.com. Additional resources include: * Front-page news stories are accessible by clicking on the...

How CUs Can Lower Employee Benefit Costs, Offer Tax-Advantaged Retirement.(Credit Union National Association)
July 2, 2007... NASHVILLE, Tenn. -- There are more opportunities for CUs to significantly lower their benefit costs and provide tax-advantaged retirement solutions to executives and staff alike. That was the message from several industry experts at CUNA...

CUs Have Greater Responsibility To Employees Under New Pension Protection Legislation.(Credit Union National Association)
July 2, 2007... NASHVILLE, TN -- While the Pension Protection Act of 2006 was enacted to help employees do a better job building their retirement funds, it is also creating new fiduciary responsibilities and opportunities for employers. CUNA Mutual's...

'Booming' Retirement Could Offer CUs Opportunity To Become Trusted Advisers.(Brief article)
July 2, 2007... NASHVILLE, Tenn. -- As baby boomers inexorably head toward retirement, financial-planning services will be a priority need among credit union members-and a wealth of opportunity for credit unions. "Credit unions have a great opportunity to...

Call For Best Practices Entries.
July 2, 2007... The Credit Union Journal is announcing its Call for Entries for its Best Practices awards. It's easy to enter! Nominations may be submitted by credit unions themselves, a CUSO, or even another CU. Nominations can also be submitted by...

New Fuel For Growth: Interest In Ethanol Has Agricultural CUs Watching Prices Increase For Corn.(credit unions)
July 9, 2007... ARCHER, Neb. -- Steve Lamon remembers when the price of corn topped $5.50 per bushel-and what it meant for his credit union, Archer Cooperative Credit Union here. That was in 1996, when conditions governing supply and demand more than...

New Subprime Guidance To Disqualify Many Borrowers.
July 9, 2007... WASHINGTON -- Tens of thousands of borrowers would be disqualified from taking out a mortgage under new guidance approved last week by NCUA and the banking regulators. The guidance comes as home foreclosures-especially those tied to...

Subprime Mortgage Problems Creeping Up On Movement.
July 9, 2007... WEST ALLIS, Wis. -- The ongoing problems in the subprime mortgage market may be beginning to show up in credit unions, with one CU here reporting a $5.2-million first-quarter loss largely attributable to the loans. According to NCUA, the...

CUs Are Hauling Deposits To Corporates.(reports of credit unions)
July 9, 2007... MIDDLETOWN, Penn. -- Natural-person credit unions appear to agree with Wall Street that the Fed will not be making any changes to the Federal Funds rate this year and as a result have been not only pouring deposits into corporate CUs but moving...

On Deadline.(briefs)
July 9, 2007... Redwood CU Enters Napa Market With a Big Bang NAPA, Calif.-Redwood CU celebrated its entry into the local market with a flare. The $1.5-billion credit union footed the $25,000 bill for last week's Fourth of July fireworks to help mark its...

SCFCU Donates $45,0000 To Firefighter's Family Fund.(South Carolina Federal Credit Union)(Brief article)
July 9, 2007... NORTH CHARLESTON, S.C. -- The $1-billion South Carolina FCU has made a $45,000 donation to a fund organized to help the families of the nine Charleston firefighters who died in a June Warehouse fund. The credit union issued a statement saying...

Ky. League Names Dora Maxwell Award Winners.(Kentucky Credit Union League)(Brief article)
July 9, 2007... LOUISVILLE, Ky. -- The Kentucky Credit Union League has named the winners of its state 2007 Dora Maxwell Social Responsibility, Louise Herring Philosophy in Action, and Desjardins Youth Financial Education Awards. Maxwell award winners in their...

NCUL Supports Team Little Guy In 208-Mile Race.
July 9, 2007... GREENSBORO, N.C. -- A blog is being hosted by the North Carolina Credit Union League to support its "Team Little Guy," the name given to a group of 12 credit union runners who will participate in the Blue Ridge Relay Race, a 208-mile race set...

United Heritage Offers Free Checking Account, ATMs.(Automated teller machines)(Brief article)
July 9, 2007... AUSTIN, Texas -- United Heritage Credit Union has begun offering a new Heritage Checking account that is free, pays a 6.01% APY, and offers free ATMs nationwide with no receipts required. The product has no minimum balance. To qualify,...

Arizona State CU Named No. 1 CU In Business Mag.(Credit unions)(magazine)(Brief article)
July 9, 2007... Glendale, Ariz. -- Arizona State Credit Union was named the No. 1 credit union in Arizona as part of the 2007 edition of Ranking Arizona: The Best of Arizona Business, a sister publication of Arizona Business Magazine. The rankings, which...

Air Academy FCU Has A 'Smart Solution' To Keep Members From Payday Lenders.(Air Academy Federal Credit Union)
July 9, 2007... COLORADO SPRINGS, CO -- Air Academy Federal Credit Union is offering a new loan product called Smart Solution. "We have a lot of payday lenders in our area," said Karin Kovalovsky, vice president of the Academy FCU. She said the credit...

Some CUs Can Expect A Long Period Of Turmoil, Turnover.(Human resource management of credit unions)(Brief article)
July 9, 2007... AUSTIN, Texas -- Credit unions lacking a succession plan to respond to a planned or unplanned senior level vacancy can expect to endure a long period of turmoil, according to a new study. Garry Modrell and Charles Shanley, executive...

STATE STAT-SHOT.(statistics of credit unions)(Statistical table)(Brief article)
July 9, 2007... Throughout 2007, the Credit Union Journal is profiling the credit unions of each U.S. state and D.C. Rather than appear in alphabetical order, the states are being featured in the order they became states. FLORIDA Number of credit...

Worth Noting.(Pennsylvania. Legislature. House)(Toyota Federal Credit Union and Western Federal Credit Union)(National Credit Union Administration)
July 9, 2007... Wambach Honored By Pennsylvania HARRISBURG, Penn.-The Pennsylvania House of Representatives unanimously adopted a Resolution, H.R. 342, honoring "Mr. Pennsylvania," Peter C. Wambach, Sr., father of Joe Wambach, executive director of the...

Latest Data Breach Hits Certegy, Info Allegedly Used Only For Marketing.(Certegy Card Systems )
July 9, 2007... JACKSONVILLE, Fla. -- Fidelity National Information Services revealed last Tuesday that a worker at its Certegy subsidiary, the biggest processor of credit union accounts, stole 2.3 million consumer records containing credit card, credit union...

How One CU Aggressively Works To Prevent Fraudulent Check Transactions.(WEST-AIRCOMM Federal Credit Union. )
July 9, 2007... BEAVER, Penn. -- One credit union is taking an aggressive stand against scams and fraudulent checks. "I've seen stuff here that would knock your socks off," said Bill Gandjos, direction of collections/assistant manager of WEST-AIRCOMM...

Data Security Bill Doubtful This Year.(Brief article)
July 9, 2007... WASHINGTON -- Chances for passage of data security legislation continue to fade away for this year as the House Financial Services Committee, the main focal point for the initiative, isn't expected to introduce its own bill until later this...

We Should Call Them Generation 'Y Would I Need To Know?'.
July 9, 2007... It was like a Gen Y focus group on steroids everywhere you looked. High schoolers by the hundreds-one person said there were more than a thousand-a glued-together-by-acne-cream mass of iPods and cell phones and chattering girls and...

Calendar.(Calendar)
July 9, 2007... JULY July 14-26 CU Educruises' "Alaska Experience By Land & Sea." Departing from Vancouver, B.C. Ship: Princess Cruise Line's Sapphire Princess. For info: www.educruises.com. July 18-21, 2007 NAFCU Annual Conference &...

The Ugly Truth About Rebranding From Inside Credit Union Land.
July 9, 2007... For some reason in Credit Union Land we've decided to pick this moment in time to all figure out what we want to be when we grow up. I know here in the Richmond, Va. area, most, if not all, the credit unions have or are in the process of...

Call For Best Practices Entries.
July 9, 2007... The Credit Union Journal is announcing its Call for Entries for its Best Practices awards. It's easy to enter! Nominations may be submitted by credit unions themselves, a CUSO, or even another CU. Nominations can also be submitted by...

Real Estate As Earning Assets: The Other Side Of The Story.(Letter to the editor)
July 9, 2007... I read with interest your facilities feature articles (CUJ May 14). Good information. One article caused me some concern. It was titled "CUs Can Transform Non-Earning RE Assets Into Earning Assets" by Vincent Pellerito. While banks and...

The Time Has Come For CUNA, NAFCU To Explore Merger.(Credit Union National Association)(National Association of Federal Credit Unions)
July 9, 2007... I am writing to suggest that the time has come for closer dialogue between our credit union trade associations, CUNA and NAFCU, to examine the possibilities of merger in order to better protect and defend the credit union charter from attacks...

Now In The Market.(briefs)
July 9, 2007... EFCU, TNB Card Services Partner DALLAS-E Federal Credit Union in Louisiana moved its credit card processing to TNB Card Services so that it can deliver a more flexible, scalable, and service-oriented program to its members. EFCU will...

Enterprise Offers FlexFuel Options At Car Rental Site.(Enterprise Rent-A-Car Co.)(Brief article)
July 9, 2007... WASHINGTON -- Enterprise Rent-A-Car is designating its premier rental location in Washington D.C. as an official "E85/FlexFuel branch." More than half the vehicles at the branch on Vermont Avenue NW will be FlexFuel-capable, and will be...

Proposal Would Set $1B for Affordable Housing.(Brief article)
July 9, 2007... WASHINGTON -- Lawmakers and community activists unveiled plans for an Affordable Housing Trust Fund that would provide as much as $1 billion a year for affordable housing projects. However, the main source of funding, as much as $600...

Fed Eliminates Requirement for Small Ticket Receipts.(Brief article)
July 9, 2007... WASHINGTON -- The Federal Reserve last week amended its Reg E, Electronic Funds Transfer Act, so that merchants will no longer be required to make a receipt available for debit card purchases of $15 or less. The regulation had required...

Bank Loan Delinquencies In Q1 Highest Since 2001.(Financial report)(Brief article)
July 9, 2007... WASHINGTON -- Loan delinquencies at the nation's banks rose in the first quarter to their highest since 2001, according to the American Bankers Association. Delinquencies have been rising steadily over the past year, with the delinquency...

Court Won't Block Credit union-Backed Payday Loan Cap.(Northwestern Title Co. request for temporary injunction on new law)(Brief article)
July 9, 2007... SALEM, Ore. -- A state judge refused to block enactment of a new 36% cap on consumer loan rates, which went into effect last Sunday. The request came from Northwestern Title Co., which operates 17 car title loan stores in Oregon and was...

People.(briefs)(Brief article)
July 9, 2007... Synergent, Westbrook, Maine, named Al Angus and Fred Barber account executive. CUNA, Washington, named Brian Tate director of state advocacy. Marion and Polk Schools Credit Union, Salem, Ore., named Jamie Young business development...

Agenda.
July 9, 2007... Meetings NCUA Outreach task force will hold a town hall meeting July 16 in Los Angeles. NCUA Board Meeting, July 26. Comment NCUA: comments on chartering and FOM and bylaws are due Aug. 6. (c) 2007 The Credit Union...

Who's Next in Takeover Frenzy?(Fair, Isaac and Co. acquired Sandell Asset Management )(Brief article)
July 9, 2007... MINNEAPOLIS -- Shares in Fair Isaac & Co., maker of the ubiquitous FICO score, surged more than 7% after a private investment fund called on management to either sell the company or consider taking it private. In a letter to Fair Isaac CEO Mark...

PFCU Takes RE Agency National.(Pentagon Federal Credit Union)(real estate agency)(Brief article)
July 9, 2007... ALEXANDRIA, Va. -- Pentagon FCU is expanding its year-old real estate agency, called PenFed Realty, to Fayettesville, N.C., the first step in plans to take it national. The $10 billion credit union chose Fayettesville as a beginning to its...

Melrose Joins NY Deposit Program.(Brief article)
July 9, 2007... NEW YORK -- Melrose CU, one of a handful of area credit unions that specialize in financing New York taxi cabs, has joined a program that allows underbanked consumers to deposit cash and checks at dozens of locations throughout the city. ...

Boulder Valley CU Goes Green.(Boulder Valley Credit Union)(Brief article)
July 9, 2007... BOULDER, Colo. -- Boulder Valley CU is offering its members low rates on loans financing solar power in their homes to celebrate its installation of a solar power system at its Arapahoe branch. (c) 2007 The Credit Union Journal and...

Bubble Gum DNA IDs Culprits.(Brief article)
July 9, 2007... LENOIR, N.C. -- A positive DNA match off an old piece of gum led police to charge three men in the five-year-old robbery of Members' CU branch here. Five years ago, investigators found a discarded paper towel with dried blood on it and chewing...

READER RESOURCES.
July 9, 2007... Credit Union Journal Subscribers can access all content from the print edition every Monday simultaneously with its publication at www.cujournal.com. Additional resources include: * Front-page news stories are accessible by clicking on the...

CUJ Q&A: First Carolina Corporate Foresees Liquidity Remaining High Through 2007.(Interview)
July 9, 2007... GREENSBORO, N.C. -- As is the case with several other corporate CUs, First Carolina Corporate Credit Union has seen a rise of nearly 54% in term and structured certificates over the past year after an extended period of low liquidity. Fred...