Iowa credit unions cautiously congratulated themselves Thursday for handling the corporate dilemma by linking up with the National Cooperative Bank.
One of the nation's smallest corporates, the $100 million Iowa Corporate Central CU of Des Moines, is about to end its operations possibly by yearend with correspondent services shifted to the National Cooperative Bank of Washington.
The makeup of next year's CUNA board was taking shape Tuesday with one contingent of contenders already elected but at least three director seats remained in doubt amidst contested elections.
TMG, a card processing CUSO affiliated with the Iowa Credit Union League, announced that it is making anti-skimming technology available to its member CUs that seek additional protection for their ATMs.
Citing changes in some long established economic patterns and the strengths of credit union cooperation, TMG Financial Services launched a finance CUSO that will help other CUSOs fund their operations, particularly their lending.
TMG, a card-processing CUSO affiliated with the Iowa Credit Union League, has announced it is making anti-skimming technology available to its member CUs seeking additional protection for their ATMs.
Building on its previous success and experience with purchasing credit union credit card portfolios, TMG Financial Services has announced it will do something similar for other CUSOs seeking credit lines.
Iowa company Troy Elevator is familiar with starting a business during uncertain times, having gotten its start on the eve of the Great Depression
Making good on a long offered promise, CO-OP Financial Services announced last week that it will start processing credit card transactions in early 2011.
Government policy makers in El Salvador have taken steps to develop economic policy and payments system support for credit unions and financial cooperatives prompted by the shrinkage of commercial bank loans here.