News

In a Feb. 8 letter NCUA left no uncertainty about its intent to attempt to show the way through the turbulent times now enveloping corporate credit unions.

Borrowing a leaf from reality TV shows, a New York credit union, the $150 million Palisades FCU, is saving on sponsorship fees and getting high marks from civic leaders by introducing text voting to support community events.

With members such as NASA scientists, Langley Federal Credit Union started looking at expanding its 16-year-old investment program in ways that would continue to meet the needs of its unique member base.

San Antonio Federal Credit Union Chief Operating Officer Stephen S. Hennigan has been named president of the more than $2.9 billion credit union.

Western Federal Credit Union, having merged this week the failed $88 million Oakland Municipal CU, remains on the lookout for future municipal-based CUs in California "that fit our business model," its top management said.

Visa has announced a program that will exempt overseas merchants from card security requirements provided at least 75% of their point of sale terminals are able to read cards with an embedded computer chip to improve fraud protection.