As credit unions learn more about new technology, they are some of the institutions leading the nation in the issuance of payment cards that use embedded computer chips to validate identity and secure transactions.
Core processor says its widely used Episys system does not permit share drafts to be posted in order they are received.
Educational Employees, Alliant, Alabama Telco, America's First added to list.
Still suffering from the bite of losing all their Western Corporate FCU capital in 2009, credit unions report they are still capital shy when it comes to replacing corporate services.
WesCorp members seek new home for services, shy from staking new capital. Get the story in next week's print edition today in this print preview.
The $8.1 million Vensure Federal Credit Union, the Arizona credit union that at one time made most of its money by processing transactions for Internet poker sites, is no more. The NCUA announced it has liquidated the Mesa-based credit union on July 11, the same day a court case...
The NCUA and Vensure FCU continue to slug it out in court. The NCUA contends Vensure had long questionable history. Vensure counter charged that NCUA conserved it out of embarrassment.
The credit unions in Puerto Rico have opted to use Cardtronics, the biggest independent ATM deployer in the country, to manage their ATM programs, the company said.
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.
When Wesley Wilhelm first began working with checks, the process included regular visits from the proof operator asking for explanations about reconciled items the back shop was preparing to ship.