In place at 624 credit unions is some form of remote deposit capture that allows members to deposit checks from any location using a desktop scanner, high-speed scanner or mobile smartphone camera.
Wisconsin, fast becoming the nation’s battleground for credit union-bank clashes over the tax exemption and CU to bank conversions, erupted anew last week with dueling press releases following a fresh appeal from the banking lobby to Congress tied to the debt crisis.
WBA calls exemption "sacred cow"; WCUL calls bankers hypocrites, citing years of no taxes while reaping profits and taking bailouts.
More CUs sign on for remote deposit technology.
Nearly 60% of credit union members rate the economy "poor."
Chartway Federal Credit Union has mourned the death of its longtime volunteer Edward Foshay.
California CU merging with one in Nevada.
Waiting game for credit unions and CUSOs by a patent litigation suit from London payments technology vendor Serverside Group.
In an ongoing move away from stand-alone shared branches, the Credit Union Service Co. of Virginia, a CUSO of the Virginia Credit Union League said it is closing its shared Portsmouth facility Sept. 17 in favor of the so-called outlet units.
Norristown Bell CU ending correspondent relationship with Sovereign Bank, says Philadelphia outfit is charging members $5 for cashiers' checks.