November 17, 2009 Pentagon Federal Credit Union President/CEO Frank Pollack told a Senate committee today that his credit union’s overdraft protection program is completely opt in, operates as a line of credit and the cost to consumer is fully disclosed....
November 12, 2009 Credit unions and other financial institutions can’t charge overdraft fees at ATMs or on one-time debit card transactions unless the consumer consents, or opts in, as a result of rules that the Federal Reserve approved today....
November 02, 2009 The $193 million Library of Congress Federal Credit Union leads off a video promoting and upcoming Frontline program about how financial institutions charge their members and customers for overdrafts....
September 23, 2009 As Congressional action appears to be looming on overdraft protection, State Employees’ Credit Union CEO Jim Blaine and former NCUA Chairman Dennis Dollar engaged in what was described as a “lively and intense” faceoff this week....
August 17, 2009 Truliant Federal Credit Union has put a new spin on overdraft protection by giving members the option to opt-in....
August 10, 2009 The traditional model of client’s investment book of business being managed by just one advisor may not be as common at credit unions and other financial institutions.
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April 23, 2009 By switching to direct deposit, businesses can save an average of $176.55 per employee each year, according to a new study from NACHA, the electronic payment association....
November 07, 2008 ARLINGTON, Va. -- Although data from the first half of the year appears to show card interchange was steady to growing, retail sales data suggests it may not hold up through the end of this year and into next....
October 23, 2008 ALEXANDRIA, Va. -- Saying his agency lacks the statutory power to do it, NCUA Chairman Michael E. Fryzel today asked Treasury Secretary Henry Paulson to give noninterest bearing accounts at credit unions the same unlimited deposit insurance as those accounts have at banks....
October 06, 2008 MADISON, Wis. -- For members confused and worried about their next financial steps, MEMBERS Capital Advisors has prepared a viewpoint that outlines 10 ways to survive a bear market....
September 25, 2008 HARRISBURG, Pa. -- Claiming Belco Community Credit Union failed to disclose its commission earnings with CUNA Brokerage Services Inc., five members have filed a lawsuit against the financial institution saying they lost part of their retirement savings as a result....
September 18, 2008 SAN DIEGO -- Through the mire of this week's financial market collapse, many are encouraging credit unions to seize these troubled times to build on their reputation of trust and loyalty....
September 04, 2008 WASHINGTON -- Trust for Credit Unions, a group of investment funds exclusively for credit unions, has launched www.TrustCU.com, a new Web site that aims to provide transparency in investing....
July 01, 2008 SOUTHFIELD, Mich. -- Central Corporate Credit Union will again distribute patronage dividends to members by waiving all service fees incurred during the months of July and November 2008, to the tune of an estimated $1 million. The payout applies to all fee-based services offered by the $3.5 billion corporate, including item processing, wire transfer, ACH and asset-liability management....
July 01, 2008 ALEXANDRIA, Va. -- NAFCU, CUNA and NASCUS have offered their suggestions and criticisms on a proposed NCUA rule that would include adding credit card loan origination and payroll processing services to the list of permissible CUSO activities....
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