Iowa CUSO says more than 60,000 accounts and $125 million in balances now on the books.
Industry observers and executives with other processing companies predict that the recent supervisory letter on FIS security problems may have a limited impact on FIS’ sales but will likely heighten the importance of security for all payments processors.
Personnel news from across the country.
Bank of America made official last week what many anticipated when a spokesperson acknowledged that it will no longer issue credit cards in agent relationships with credit unions and smaller banks.
Jeff Russell may have started working with credit unions as a college freshman simply because the position at The Members Group paid better than food service, but the president/CEO of TMG Financial Services has since become credit unions' biggest advocate.
Ideas danced in the air and inspiration was shared, with practical applications underlying it all, at the CU Water Cooler Symposium in the FORUM CU conference center in suburban Indianapolis.
Extra CU in Warren sells $16 million credit card portfolio to TMG Financial Services.
Innovation is my passion and has been during my two decades of work in the credit union industry. In reviewing the NCUA’s proposed CUSO regulation, I am more than a little concerned about the impact that it will have on the ability to foster innovation in our industry.
CUSO CEO 'more than a little concerned' about the impact on the ability to foster innovation in CU industry.
Two credit unions that had previously sold their portfolios to agent issuers are replacing national bank issuer contracts as they expire, they said.