ARLINGTON, Va. - Executives with the Credit Union 24 Network and the Star network are preparing for a "prolonged" effort to convince CU24's credit union shareholders to approve the network's sale to Concord EFS, Star's parent company. Star is a subsidiary of Concord. Concord and CU24 signed a letter of...

CLEVELAND, OHIO - Any credit unions looking to expand their members' access to surcharge free ATMs are more than welcome at Key Bank, a bank executive said. The $85 million Midwest based bank has signed up 22 credit unions in its Surcharge Free ATM Network last year and anticipates having...

ARLINGTON, Va. - Cash and purchase versus stock swap and merger were the major differences between the Concord EFS' offer to buy the Credit Union 24 Network and CO-OP's offer to merge with the Florida- based ATM network, according to informed sources familiar with both offers. According to the sources,...

ARLINGTON, Va. - The CEOs of three credit unions turned thrifts maintain that while their institutions have grown significantly after switching their charters, they did so not for the growth but in order to better fulfill their institution's vision for the kind of products and services they wished to offer....

HONOLULU - A $330 million credit union based in Hawaii has become the first and only credit union in the United States to retail ATMs. Honolulu City and County FCU is placing ATMs, manufactured by Fujitsu, first with other credit unions in the Hawaiian Islands and then with other non-credit...

ARLINGTON, Va. - Memphis-based Concord EFS will pay $30 million for Credit Union 24 Network, according to informed sources. But as currently structured the deal would not compensate all the Network's shareholders equally, and there is an open question whether the shareholders will approve the arrangement, according to CEOs whose...

MADISON, Wis. - Opposition among some in the Latino community was partially responsible for a failure last year of an attempt to start a Latino credit union in the Madison, Wisconsin area, according to CUNA Credit Union. The $238 million institution, based in Madison, had been the effort's chief sponsor...

DAYTON, Ohio - If NCR Corporation thus far has failed to move its ATMs into the service of more mid-tier financial institutions, it has been because the firm has not focused sufficiently closely on credit unions and community banks. That's the take Tom Conroy, NCR vice president for the firm's...