bank account

• Court Rules for CUMIS in $243,000 Wire Transfer Fraud Case

  By Michelle A. Samaad  |  August 21, 2012

  Appeals judge says Universal Studios Credit Union failed to comply with security measures during bonding period.

• Indiana Grand Jury Indicts Property Owner for Defrauding Credit Union, Banks

  By Michelle A. Samaad  |  July 9, 2012

  The former owner of an Indiana hotel was recently indicted by a federal grand jury for bilking more than $10 million from a credit union and several banks.

• Veridian CU Embraces Dwolla Payments Network

  By Robert McGarvey  |  June 18, 2012

  Iowa credit union adopts new payments platform, says 650 already enrolled.

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  Serving the Poor Is Challenged by Market Changes

  By David Morrison  |  May 29, 2012

  When it comes to lower income and underserved consumers, the chief challenge facing some mainstream credit unions and banks may not be how to serve them competitively but whether to serve them at all.

• National Retail Federation Urges Caution on Mobile Regs

  By Heather Anderson  |  April 26, 2012

  The National Retail Federation has urged the Federal Trade Commission to move cautiously in establishing regulations for mobile payments.

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  Account Switching Greased by Concierge at Texas Trust

  By Michelle A. Samaad  |  March 4, 2012

  For the 66% of account holders who would consider switching their financial institutions if the move wasn’t so painful, Texas Trust Credit Union said it has a plan to make the entire process easier and faster.

• Texas Trust CU Takes Concierge Approach to Bank Switching

  By Michelle A. Samaad  |  February 27, 2012

  The free service allows consumers to transfer pre-authorized payments and deposits from their old bank account to their new Texas Trust account.

• Mass. CU Links Up Community Financial Center

  By David Morrison  |  February 15, 2012

  Metro Credit Union has partnered with five organizations in its home community of Chelsea to bring financial and employment services to lower-income residents.

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  Financial Guru Orman Launches Decoupled Debit Card

  By David Morrison  |  January 16, 2012

  Celebrity personal finance expert Suze Orman has launched a prepaid debit card that, if it becomes popular, could wind up costing credit unions significant amounts of money.

• Recoup Fees the Easy Way With Interest Rate Cuts, Expert Says

  By Michelle A. Samaad  |  November 6, 2011

  Consumers are clearly in the driver’s seat these days as they account for nearly the bulk of all bank deposit dollars.