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MANCHESTER, U.K. - People love lotteries all over the world, but Association of British Credit Union Ltd. (ABCUL) credit unions and study groups in the South and West of England have even more reason to love the lottery. They have just won a 4200 pound grant from the British National...

HERNDON, Va.-NACHA, the Electronic Payments Association, has drafted a proposed rule that would limit how many times a financial institution can represent an automated clearing house (ACH) item. The amendment would limit presentments to three times. Some ACH items, including the re-presented checks, are already limited to three presentments. "With...

COLUMBIA, S.C. - Barbara Argo's credit union offers Internet banking, online loan applications, credit cards and ATM access. That's with a small handful of workers, including herself as president of the Cal Poly FCU, an $8 million, 3,500-member organization on the campus of Cal Poly-Pomona University in suburban Los Angeles....

Community Credit Union, Plano, Texas, has named Mike Williams vice president of administrative services for JCPenney direct marketing services, Inc. In addition, CCU has appointed the following officers to its board: James McCarley, chairman; Fred Spencer, vice chairman; Al Brookner, secretary; and Stan Fong, treasurer. Southwest Corporate Federal Credit Union,...

COLUMBUS, Ohio - With natural-person CUs awash in liquidity, corporate CUs are seeing their assets balloon. Corporate One FCU is reporting that its assets topped $3.5 billion in late May, a record for the corporate. The corporate's assets jumped by an astounding 60% over the same period last year. The...

PASCAGOULA, Miss. - Navy personnel from around the world who often spend months away at sea, now have a place to relax, get a bite to eat and build up their sea legs, thanks to a new United Services Organization (USO) facility built with the efforts and support of credit...

MADISON, Wis. - Corporate credit unions can now look to CUNA Mutual Group for investment options. CUNA Mutual says it wants to help corporates attract some of the $50 billion or so that is invested by natural person CUs outside of the corporate CU network with its new CUNA Mutual...

JACKSONVILLE - The $6 billion-Southwest Corporate Federal Credit Union is really making itself known in the Southeast of late. Last month Southwest and Georgia Central CU announced merger plans, with Southwest as the surviving corporate. If completed, the merger will give Southwest Corporate an instant presence in Georgia, with about...