Three out of four employees use direct deposit for payroll and one out of four still receive paper checks, said a new survey from NACHA, the electronic payments association. The survey revealed a 2% increase in direct deposit use, from 72% to 74%, and 71% of employees cite convenience as...
The National Federation of Community Development Credit Unions announced a new program designed to help New York City area CDCUs offer payday loan alternatives last week.
The 49,000-member Los Angeles Federal Credit Union has partnered with Shop LA, a city-sponsored effort to promote Los Angeles as a retail destination, to launch a Visa card that will triple the rewards points for purchases made in the city.
WASHINGTON House Financial Services Committee Chairman Spencer Bachus (R-Ala.) didnt address specific credit union legislative priorities during his speech at NAFCUs Congressional Caucus, but he commiserated with attendees about the dangers of excessive regulation.
With the average age of members hovering above the mid-40s range, courting a much younger segment has increasingly become a top priority for some credit unions.
