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Minn. Corp. Offering Planning

EAGAN, Minn.-Minnesota Corporate FCU is now offering comprehensive financial planning services to its members, including financial position analysis, risk and investment management, accumulation and retirement planning, and estate planning strategies. The service will be offered through a new regional credit union service organization (CUSO) formed last year, Corporate Access, LLC, formed by the Minnesota, Iowa, Nebraska, North Dakota and Montana corporate credit unions. The CUSO has partnered with Waddell & Reed, Inc., Overland Park, Kan., to administer the service. Waddell & Reed's investment management affiliate manages nearly $40 billion in total assets and more than 1.8 million mutual fund shareholder accounts. "The new service will be particularly beneficial to small credit unions," said CEO Lewis Lambert said. "Waddell & Reed caters to credit unions with less than $100 million in assets and will customize its service to meet individual credit union needs."

Fair, Isaac, HNC Software Merge

SAN RAFAEL, Calif.-Fair, Isaac & Co. said it plans to merge with HNC Software, Inc. The two firms will operate under the Fair, Isaac name. Both firms specialize in analytic solutions for customer/member acquisition and retention, with HNC also producing decision-management software. Under the merger agreement, owners of HNC stock will receive .0346 of newly issued Fair, Isaac shares. The overall transaction is being valued at $810 million.

Missouri Corporate Turns 25

LAKE OZARK, Mo.-The $901-million Missouri Corporate Credit Union (MCCU) officially observed its 25th Anniversary at the annual membership meeting at Tan-Tar-A Resort in Lake Ozark, Mo. MCCU Chairman Ron Miller of Edison CU in Kansas City offered a champagne toast to "the many people, past and present, who make up Missouri Corporate Credit Union. As we look forward to the future, let us not forget how we got here. With a clear vision, solid leadership, and most importantly, a fervent resolve to help our member credit unions serve their own members through value-oriented products, and quality, personal service."

The annual meeting also featured special presentations to Leon Kusnetzky, the Corporate's legal counsel, for his meritorious service to MCCU over the past 25 years, and to retiring Supervisory Committee member, Glenn Kirwin.

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