There's no vaccine against card data security breaches in the United States, and the prognosis for this persisting ailment shows there is no fast cure, according to a recent report.
WASHINGTON -- In a 23-minute hearing that was part love fest and part survey of the challenges facing the credit union movement, Deborah Matz, NCUA chair-nominee, promised lawmakers she'd take a balanced approach to regulating credit unions.
Ten days after the government took over U.S. Central, the corporate's political action committee sent checks to the campaigns of Senate Banking Committee Chairman Christopher Dodd (D-Conn.) and Sen. Sheldon Whitehouse (D-R.I.).
As a possible bankruptcy filing looms for CIT Group Inc., one of the nation's largest small business lenders, credit unions may not have a choice in bracing for a wave of firms looking to revive their collapsed financing agreements.
Eastern Corporate Federal Credit Union, Corporate Central Credit Union and Corporate America Credit Union successfully converted member capital shares to paid-in capital or raised PIC with new dollars.
Continental Airlines' recent announcement that it would have to lay off another round of employees after the carrier reported hundreds of millions of dollars in losses is becoming a familiar tune at Continental Federal Credit Union.
If successful, will the July 15 lawsuit filed by the California Public Employees' Retirement System against ratings agencies Moody's, Standard & Poor's and Fitch mean credit unions can also sue . . .
The campaign by Pennsylvania credit unions to provide loan relief to financially strapped state employees was ramped up last week as lawmakers and the state's governor, Edward Rendell, wrangled over solutions to a budget crisis producing payless Fridays.
Troy Martens, vice president of consumer and real estate lending at Truliant Federal Credit Union, jokes that five years ago, area Realtors knew Truliant more as a place to go for car loans than for mortgages.
More than 500,000 Social Security recipients have signed up to receive their benefits on a prepaid debit card, and more than 88% said they would recommend that other recipients sign up.
Even in a bad economy, two of the five credit unions with the strongest credit card growth over the last year only recently got back into card issuing after selling their card portfolios.
The $86 million MTC Federal Credit Union, headquartered in Greenville, S.C., doesn't need anyone to market its credit card.
While most businesses are cutting back on expenses, many credit unions are still giving and giving in a way that will help build the future.
What's the next move to strengthen the credit union industry while making it more relevant to future generations? How about a Gen Y branch franchise or a Web site that promotes more credit union collaboration?
Credit Union Student Choice has announced a new marketing partnership with Overture Technologies.
Launching new marketing campaigns in the wake of bank failures and the trend of looking for merger opportunities were on the minds of California CU executives last week.
The Obama administration's regulatory reform agenda hit another bump in the road last week when a key House panel delayed consideration of a measure to create a new agency to regulate consumer products.
BancVue CEO Gabriel Krajicek has a set of products he believes will help credit unions and community banks effectively win the marketing war against big national banks.
BancVue is jointly funding the KASASA marketing effort in Season FCU's community because Seasons is the first CU in the area to begin offering the products.
Staffers at Smart Financial Credit Union joined forces and donated funds to help send 11-year-old Sabrina Blum to the 2009 Odyssey of the Mind World Finals at Iowa State University in Ames.
A picture truly is worth more than words.
A commercial lending and leasing referral program targeted at credit unions by CIT Group Inc. and MicroBilt Corp. was terminated due to a lack of interest.
Credit unions and banks lost a key round in the fight over control of student loans last week when a House committee voted for an Obama administration plan to replace the Federal Family Education Loan Program with direct student lending
Creditors' concerns with the SBA and getting more credit unions to participate in the agency's loan programs were among the topics at a recent roundtable.
The ugliest credit union Web site has been found. iDiz Inc. announced the winner of its free credit union Web site makeover contest, iHateMyUglySite.com.
Call it a sign of the times, but two credit unions in Florida have found themselves on the innovative edge of credit unions collections.
Credit unions processing their card transactions with TNB Card Services can now offer their members the same sticky card technology that major issuers use.
About 13,000 Visa prepaid cardholders were shocked to find they had been charged $23,148,855,308,184,500 for small purchases like sodas
The Members Group and its card portfolio purchasing arm TMG Financial Services posted strong growth even through the current economic downturn.
Twenty-nine current credit union clients have renewed their contracts with the Credit Union 24 so far this year, and the company has picked up an additional 21.
Economic uncertainty. Increased regulation. Heightened legislative focus. Without a doubt, these are unprecedented times.
Desert Schools Federal Credit Union's new awareness campaign focuses on addressing consumers' real concerns, from "How do we make the most of our money?"
LA DOTD Federal Credit Union is going mainstream with a new name. The $103 million credit union will now be known as Main Street Financial FCU.
Nassau Educators Federal Credit Union in Westbury, N.Y., is managing a healthy 20% gain
Credit Union Times launched our Twitter effort at NAFCU's 42nd Annual Conference & Exhibition this week. It's been an interesting learning experience. Though I proposed it, I have to admit I was skeptical.
There is no doubt that the Credit CARD Act of 2009 has changed the payments landscape in a major way for all issuers both large and small.
I will be retiring July 31 after spending 41 years in the credit union system. I joined a Texas credit union in 1968 as collection manager.
This week Credit Union Times takes a look back in time at NAFCU's 1996 annual conference.
NATIONAL HARBOR, Md. -- Perhaps taking a cue from the forwardly focused Obama Administration, outgoing NCUA Board Chairman Michael Fryzel emphasized the need for the NCUA to look more forward than backward as the agency prepares for a new chairman.
NATIONAL HARBOR, Md. -- Neighborhood Economic Development Advocacy Project Associate Director Deyanira Del Rio explained that exploring anything new may be a scary proposition right now for some credit unions, but it's critical for others.
NATIONAL HARBOR, Md. -- With the economy slumped and unemployment soaring, credit unions can't afford to wait to re-evaluate the credit scores within their portfolios, one analyst said at NAFCU's 42nd Annual Conference & Exhibition.
Nutmeg State Federal Credit Union, Rocky Hill, Conn., announced that Mike Nowicky was promoted to vice president, operations.
Tom Genessey, senior vice president and chief information officer at The Golden 1 Credit Union, had an epiphany a couple of months ago during an early morning bicycle workout.
United Teletech Financial Federal Credit Union, Tinton Falls, N.J.,