A South Carolina online banking specialist made a P2P shot across the bow recently when it said it was using PayPal as the person-to-person payment engine on its Internet banking platform.
The nation's largest merger a $4.7 billion combination of Addison Avenue Federal Credit Union of Palo Alto Calif. and First Tech CU of Beaverton, Ore. has won final approval of First Tech members, it was announced Friday.
The very things that make social media so popular also make them a potential problem for credit unions, their members and those in charge of fighting fraud.
The $4.6 billion merger deal of First Tech Credit Union of Beaverton, Ore., and Addison Avenue FCU of Palo Alto, Calif., has now won approval of the Oregon regulator with a First Tech member vote set for November.
Given the challenges faced during this tough economy, some credit unions are taking another look at their community outreach efforts.
Andrews Federal Credit Union. Suitland, Md., celebrated the grand opening of its newly redesigned branch in Wiesbaden, Germany.
Meeting the state's economic doldrums head-on, the $460 million First Credit Union is closing five Arizona branches next month in a move reflecting both declining activity and a shift in consumer preference for online services.