News

SAN DIEGO - Symitar Systems is now offering its clients a software add-on to its core system that will allow credit union members to enjoy the same bounced-check protections that bank customers have long had. In fact, Joe Gillen had credit unions in mind when he created Houston-based Pinnacle Financial...

DALLAS - Put money directly into the day care center's checking account. Transfer money from your credit union to your son's bank account near the college he's attending more than 1,000 miles away. Transactions like these are becoming more common as financial institutions and vendors work to tear down traditional...

COLUMBIA, S.C. - Catherine Graeber pulls no punches in her just-released Forrester Research piece on aggregation. "A year ago, aggregation was the hot topic. But muted consumer adoption and poor data has led some firms to discontinue their offerings," she writes in a brief paper titled "Aggregation: The Emperor Still...

COLUMBIA, S.C. - While the American economic engine continues to lurch, IT managers in credit union land say their work force has stabilized and that the softened labor market has helped them find and keep good help. That's the take from a quick check Credit Union Times did with executives...

MONTPELIER, Vt. - Marking its first expansion move since being approved last March to branch into six counties, Vermont State Employees Credit Union said a debut facility that opened recently in Rutland includes those remote walk-up teller stations which have become popular lately at CUs across the country. At the...

COLUMBIA, S.C. - Sixteen percent of online consumers cited a credit union as their primary financial provider, up sharply from 9% in 2001, according to a recent survey by Forrester Research. "With superior service, higher deposit rates and lower fees, credit unions are gaining as the preferred financial provider among...

Will the economic downturn hurt CU portfolio sales? Is there a new ATM fraud looming? Will debit cards become more popular than credit cards? For those answers and more turn to pages 18-20.

ARLINGTON, Va. - The Electronic Funds Transfer Association (EFTA) hosted a meeting in Washington on July 24 designed to establish an industry-wide task force aimed at confronting what the association and U.S. Secret Service said could be a rising ATM fraud problem. Kurt Helwig, executive director of the Electronic Funds...