MAYNARD, Mass. - Large credit unions do care about helping out smaller CUs, says Tom Ryan, senior VP/COO of the $1.4 billion Digital FCU here. "Sometimes I think there's a divide between large and small credit unions. This is an opportunity for us to give back. Quite honestly the biggest...
NEW YORK - The terrorist attacks on the World Trade Center and the Pentagon have undoubtedly shaken Americans' feeling of security, but what has it done to their economic confidence? Economists have been pointing to strong consumer spending for keeping the shaky U.S. economy afloat, but this attack may have...
DES MOINES, Iowa -U.S. District Court Judge Ronald E. Longstaff has denied the state of Iowa's request to dismiss a lawsuit over Iowa's ban on automated teller machine surcharges filed by five national banks - Metrobank, Wells Fargo Bank, Bank of America, Firstar Bank and U.S. Bank. Filed by the...
TREXLERTOWN, Pa. - APCI FCU and GMAC Mortgage Corp have reached an agreement to offer GMAC Mortgage residential first mortgage products and services to APCI members. Under the terms of the alliance, APCI will originate first mortgage loans for members and submit completed applications to GMAC Mortgage locally for loan...
CHICAGO - The Member Access Network has launched its first bilingual automated locator system to find ATM machines. Cardholders can now find over 9,800 ATMs in either English or Spanish. Members call a toll free number provided by Jensen Beach, Fla.-based TOUCH-MAP Systems. If there are multiple locations in one...
"I don't think this is something that's going to drag us into a recession. I think we're going to come out of this OK." - NAFCU economist Jeff Taylor on the effects the attacks may have on the U.S. economy. "We've been through the bombing of the World Trade Center...
NEW YORK - That's how National Federation of Community Development's Executive Director Cliff Rosenthal described the scene outside the windows of the federation's offices on Wall Street, located less than a mile - about a 10-minute walk - from the World Trade Center. Rosenthal had arrived in his office a...
ALBANY, N.Y. - Acting as clearinghouses for the nation's credit unions, corporate credit unions were on high alert on the day of the attacks for any shutdowns of the Federal Reserve Banks or the Fedline system that might cause delays in processing wires, funds transfers, item processing, ACH and other...
BATON ROUGE, La. - A reduction of Internet lending firm Appro Systems' field sales staff by 50% is not the prelude of a company collapse, said Appro President/COO Craig Uffman, but more of a strategic decision about which financials the firm wants to target. Having seen firms such as CUShopper...
AUSTIN, FARMERS BRANCH, Texas - Texas parents who are delinquent in paying child support should be prepared. Texas is on the move, often seizing the accounts of deadbeat parents with the help of Texas credit unions. A Texas mandate requires all Texas financial institutions to participate in the Financial Institution...