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WASHINGTON-Self-professed Luddite, former Nightline Anchor Ted Koppel, lamented how technology has changed the media and our lives "not always for the better." He recalled the "old days" of news reporting when he was covering the Vietnam War and how he could barely get garbled messages through the Telex system and...

NEW BRUNSWICK, N.J. -Rutgers University Student and Alumni Federal Credit Union (RUSA FCU) President Ken Buren has found that it pays to take the time to find the right Check 21 fit. "About a year ago we started looking into Check 21 and at the time I thought it was...

When the Check Clearing for the 21st Century Act took effect some 16 months ago, it paved the way for what many describe as the greatest advance in check-processing technology since the MICR line - the ability to perform remote capture and transmit electronic image cash letters (ICLs). For most...

WASHINGTON-Emil Henry, assistant secretary for financial institutions, said Treasury appreciates all the work credit unions and their representatives have done on a risk-based capital framework but is not quite ready to put its seal of approval on it. "This work has led to a number of positive proposals, such as...

WEST PALM BEACH, Fla. - While the rest of the financial world has been busy getting itself image-enabled since October 2004 when Congress passed Check 21 legislation, credit unions have been leveraging their head start with truncation to implement the technology with their credit union clients. In fact, league service...

WEST PALM BEACH, Fla. - With so much focus on image exchange, share draft penetration isn't getting as much attention. The fact is many credit unions are trying to boost share draft penetration in order to become the primary financial institution for more members. A new Callahan and Associates report...

WASHINGTON - The National Credit Union Foundation's very first breakout session at CUNA's Governmental Affairs Conference drew a stranding room only crowd as credit union executives and directors crowded in to hear four executives describe how their CUs had used grants from the Foundation to help them make real change...

WASHINGTON-Service to members of modest means is recent and not the only job of credit unions. In remarks to CUNA's Governmental Affairs Conference, NCUA Chairman JoAnn Johnson told participants that the term `modest means' only came about with the 1998 passage of the Credit Union Membership Access Act. She added,...