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AUGUSTA, Maine - Despite stereotypes to the contrary, internal auditors do not take pleasure in finding violations at their credit unions. "Probably one of the common misconceptions about internal auditors is that we are just looking for what is being done incorrectly," said Maine State Employees' Credit Union Internal Auditor...

MINNEAPOLIS-NCUA Board Member Geoff Bacino told a group at Liberty Enterprise's Marketing Summit to expect further challenges to credit union philosophies via courts at the state level. "Credit unions will probably see this strategy used in specific states around the country," he said. "Credit unions can't afford to rest on...

TAMPA, Fla. - CastleGarde, an information security consulting firm and Miami-based accounting firm Orth, Chakler, Murname & Company have teamed up to help credit unions comply with the NCUA's new Guidelines for Safeguarding Member Information. The guidelines, which took effect concurrently with the new privacy rule on July 1, require...

Affinity Federal Credit Union, Bedminster, N.J., Senior Vice-President of Strategy and Business evelopment David Snodgrass has been appointed to the National Association of NAFCU'S Technology Advisory Council. Citadel Federal Credit Union, Thorndale, Pa., has named Rosemary Helm vice president of human resources.

ST PETERSBURG, Fla. - Joining the wave of support for the victims of September 11, Payment Systems for Credit Unions, Inc. has donated $100,000 to the Credit Unions Rebuild America Fund. "The credit union industry and PSCU stand committed in helping the victims who experienced these horrible events. We are...

Until just the last few years ago, credit unions have seemed immune to fraud losses while other financial institutions have been hit hard. With banks taking a more aggressive posture against fraud and credit unions allowing for more competitive account opening criteria, fraud operators have taken notice. And fraud losses...

PORTSMOUTH, N.H. - Underscoring "financial preparedness" for its military members amidst the nation's new war footing, the $640 million Service Credit Union here wasted little time after the Sept. 11 terrorist attack to cut loan rates and offer favorable CD terms. The move by SCU appeared typical for defense CUs...

In recent articles in Credit Union Times and other publications, it seems that some state-chartered, federal-insured credit unions have begun a public campaign to call for an end to, or at least a reduction to a de minimis level of, the Overhead Transfer which helps balance the funding of the...