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Matz To Host Small CU Meeting

HIGHTSTOWN, N.J.-NCUA board member Deborah Matz will host a small credit union roundtable at the offices of the New Jersey Credit Union League here. The meeting is scheduled for Sept. 20. In May of this year Matz announced formation of an internal working group at NCUA to examine small credit union concerns. Small credit unions from around New Jersey are being invited to the event.

CUES Plans 2nd Sales School

MADISON, Wis.-Due to demand, CUES said it will hold a second School of Sales and Service this year. The second session is scheduled for Oct. 14-16 at The St. Anthony hotel in San Antonio. The school features Michael Neill of Michael Neill & Associates , Atlanta, and consultant Constance Anderson who will address the implementation of a sales and service culture in a credit union. For info: 800-252-2664, ext. 3400, or www.cues.org.

CU Named Business of the Year

HERNDON, Va.-Northwest Federal Credit Union (NWFCU) was named 2003 "Business of the Year" by the Vienna Tysons Chamber of Commerce at its Annual Awards Luncheon. The credit union noted it earned the distinction even though it has been operating in the Vienna, Va. market for two years. The $1-billion credit union serves 65,000 members nationwide.

NCUA Releases 2002 Figures

ALEXANDRIA, Va.-NCUA has released its 2002 annual report. The report shows operating fund revenues of $54.5 million, and increase over the $48 million in 2001.

Total operating fund expenses were $50.9 million, also up from $44 million in 2001. For 2002, the agency reported $3.58 million of excess revenues.

The agency is projecting for 2003 a budget that is 0.6% smaller ($887,750), along with projected cost savings of $27 million over a 10-year period by closing its Region Iv office in Lisle, Ill. and relocating its Region VI office from Concord, Calif. to a less expensive market.

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