CUNA President/CEO Bill Cheney announced today that his association is going to commission a quick external analysis of the industry's needs and create a committee to formulate additional proposals.
The Association of Corporate Credit Unions today announced that a CUSO will be formed for credit unions payment systems.
Corporate credit unions are quite the unpopular kid at prom these days.
With a vested stake in nearly a dozen CUSOs, Workers' Credit Union has tried, tested and proven theories on why it makes operational sense to extend its reach in several directions.
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.
Despite the ongoing economic recession, a credit union created card aimed at higher end consumers has found its niche and is making money, according to its CU creator and issuer.
After almost 35 years processing credit union credit card transactions, Town North Bank has sold off its last stake in card processing.
LAS VEGAS -- In Australia, credit unions are taxed, volunteers are paid, and the loss of interchange income three years ago is still a sore subject.
As Congress contemplates whether to pass a law regulating debit card interchange, a majority of economists and government officials attending a meeting on the subject agreed that there is no economic basis for the proposed regulatory change.
The $3.1 billion United Nations Federal Credit Union has become the first financial institution in the United States to issue chip and PIN credit cards.