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.
World Council of Credit Unions has been invited to comment on a G-20 proposal to increase financial services access to the world's poor.
Although it was not ready to name the 12 members of its "Next Steps" corporate working group at press time, CUNA officials did say it will include several members of its corporate credit union task force, as well as some new selections.
The language in the Senate regulatory restructuring bill defining remittances is so broad that it could cause credit unions to stop offering electronic transfer programs.
Services and solutions that push the envelope of what members expect and what credit unions can deliver can sometimes blur the lines between managing technology and member service.
Don't look now, but criminals are moving beyond the ATM and unwary retailer when trying to steal your members' card numbers and raid their accounts.