MADISON, Wis.-In response to continuing drops in interest rates, the National Credit Union Foundation (NCUF) has revised the distribution formula for the Community Investment Fund (CIF). The continued drop makes it so credit unions' charitable intent by participating in CIF was not recognized under the old formula. Under changes adopted...

JERSEY CITY, N.J. - As many insurance industry experts speculated, already the September 11 terrorist attacks are the most expensive tragedy ever for insurers. A recently released Insurance Services Office report finds that property and business interruption insurance claims have already reached $16.6 billion-and are still climbing. The report, from...

WASHINGTON - When Congressional FCU was forced to temporarily close its four branches on Capitol Hill, with no prior notice due the anthrax attacks, the Credit Union Family Service Centers Shared Branching Network helped the credit union offer members several service locations. With over 25 locations in Virginia, Maryland and...

TAYLOR, Mich. -Digital Dialogue, a Net-based call center firm, has enhanced its automated credit decisioning capabilities - and it's free for existing clients. These capabilities are powered by the company's Advanced Decisioning Engine (ADE) and are available in the basic package to existing customers at no additional charge. ADE's design...

WASHINGTON - ACORN and ACORN Housing Corporation released their 2001 study documenting the concentration of subprime lending to minority and low-income borrowers, and the data compared to last year's findings showed that despite consumer groups' best efforts and legislation that's been enacted, minority and low-income borrowers continue to overwhelmingly be...

HARTFORD, Conn. - The Connecticut Department of Banking has approved the conversion of two more federal credit unions to state charters - Greenwich Connecticut Teachers FCU and Fairfield County FCU. Greenwich Connecticut Teachers FCU, Riverside, will be known as Members Credit Union. Its field-of-membership will include persons who live, work,...

MADISON, Wis - CUNA's Center for Professional Development has launched a new Learning Management Software (LMS) package that allows credit union trainers, employees, and leagues to access course records online. Students will have access to their own transcripts, and can view all of their course work whether it was done...

WASHINGTON-In marking-up the American Small Business Emergency Relief and Recovery Act of 2001 (H.R. 3230), the House Small Business Committee has added an amendment clarifying that federally-insured credit unions are eligible to participate in the Small Business Administration's (SBA's) emergency loans guarantee program. NAFCU sponsored the amendment, which was offered...