DURHAM, N.C. - Latino Community Credit Union, the award-winning $14 million CU headquartered in Durham, North Carolina, has lost the first round in a legal fight with North Carolina's Division of Motor Vehicles over the so-called Matricula Consular cards. The credit union's leadership is now considering whether to pursue its...

MONTVALE, N.J. - In a move that appeared to prove once and for all that the proposed merger of their parent companies will not take place, NYCE, in which First Data Corporation is the largest stockholder, has taken Concord EFS, the owner of the STAR network, to court. In its...

PITTSBURGH - Citizens East Community Development Credit Union, currently a $322,000 CU headquartered on the economically depressed eastern edge of Pittsburgh, Pennsylvania, has turned to direct mail advertising to try to raise the money it needs to move back into a healthy capital position. "We know credit unions have a...

OLYMPIA, Wash. - The Washington Department of Financial Institutions has directed Columbia Community Credit Union to negotiate with its dissident members about possibly conducting another vote on its proposed conversion to a state chartered mutual thrift. But DFI has retained an order that will force the credit union to hold...

BEACH PARK, Ill. - Joseph Zingher holds a patent for a technology he believes could sharply decrease the incidence of robbery and physical assaults at the nation's Automated Teller Machines if he can only get financial institutions to try it out. Zingher has named the software fix Safety PIN and...

VANCOUVER, Wash. - The fight over whether the $600 million Columbia Community Credit Union will or will not become a state chartered mutual thrift appears to get uglier and more complicated as each day passes. On January 14 Save CCU, the organization of members unhappy with the vote to change...

ATLANTA - Credit Union Service Corporation, one of the three nationwide shared branching networks in the U.S. has entered into an alliance with the World Council of Credit Unions to introduce international shared branching for the very first time. Credit unions in the South American nation of Ecuador would be...

PETERBOROUGH, N.H. - Brookwood Capital, perhaps the youngest and least recognized of the credit card portfolio brokers, reported having facilitated the sale of between 10 and 12 credit card portfolios in 2003, roughly half of them representing credit union sellers according to Tim Kolk, Brookwood's Managing Partner. The firm's other...