LOUISVILLE - A survey from a leader in the stored value card industry has indicated that more Americans than ever before this year plan to incorporate stored value cards into their holiday gift giving plans. The survey, conducted by Stored Value Systems, was based on a relatively small sample, only...

TALLAHASSEE, Fla. - In much the same way other hurricanes have acted in 2005, Hurricane Wilma came ashore stronger than most forecasters had said it would and left behind more damage than many expected. So far the $42 million Sun FCU, headquartered in Hollywood, Florida, has reported the heaviest damage,...

WASHINGTON - A study conducted by the American Bankers Association and Dove Consulting has documented that debit cards are becoming the clear winner in the ongoing war over what type of payment consumers prefer. ACI Worldwide, a leading international provider of solutions for consumer and wholesale payments and application infrastructure,...

JACKSON, Miss. - In the space of just a couple of years, a strong new community-based financial institution has begun to make itself known in Jackson and other parts of the economically depressed Mississippi River Delta Region. In July 2004, the Enterprise Corporation of the Delta, headquartered in Jackson, won...

ALEXANDRIA, Va. - NCUA has stepped up its endorsement of shared branching, urging credit unions on a recent visit to legislators to begin looking into shared branch networks. "Even credit unions that think they just serve their local communities can be saved by shared branching," explained Holly Herman, chief of...

ALEXANDRIA, Va. - The ongoing struggle over the procedures and requirements that credit unions deciding whether to become mutual banks should have to follow and fulfill has trickled down even to the basic bylaws that NCUA provides federal credit unions. The Federal Credit Union Act mandates that the NCUA prepare...

ST. LOUIS - Stan Moeckli, CEO of the $81 million Electro Savings Credit Union faced a problem with his credit card program. Although about 23% of the credit union's card portfolio had been flat or even declining slightly in value, it still made a profit and, like a growing number...

VISALIA, Calif. - The first round in a dispute between a credit union and a breast cancer surviving employee has ended badly for the credit union. The California Superior Court jury found the $193 million Tucoemas FCU guilty of discrimination when it demoted an employee with breast cancer. It also...