Fraud detection company iovation helped police in Kirkland, Wash., bust up a fraud ring that involved thousands of dollars in fraudulent card charges.
Credit card portfolios have had a rough go at things the past couple of years. Even with all the media attention on credit union credit cards in 2010, they grew just 2% that year. The previous five-year trend was an annual average growth rate of 10% to 12%.
Even as it absorbs its lumps and lays off employees from the slump in home lending, the $419 million Air Academy Federal Credit Union of Colorado Springs, Colo., made clear last week it is on a mission to emphasize online and electronic tools.
Stung by writedowns in its real estate portfolio and the slowdown in home lending, the $419 million Air Academy Federal Credit Union of Colorado Springs confirmed Tuesday it laid off 19 employees last week and has closed several branches.
Credit unions in Michigan and Missouri ground up a more than three tons of personal documents for members and others last week.
Preparing for the scenario of higher interchange costs, Nevada Federal Credit Union detailed Friday what it called forward-thinking debit card ad promotions to raise fee income.
If TruMark Financial Credit Union had evaluated the site of its branch in northeast Philadelphia solely only on the statistics, they may never have opened it.
Cash and electronics are among the most popular items on holiday gift lists, with cash popular with both gift-givers and gift-receivers according to a recent holiday survey.
Strategic thinking and planning has always been important to a business' success. Now, perhaps more than any time in most of our lifetimes, it is crucial. There's been a lot more talk about it since the financial crisis.
In two separate workshops, a group of Pennsylvania credit union CEOs got an earful this week from a group of Gen Y students.