News

Top 50 Credit Unions By Borrowings Outstanding

The latest signature debit figures have come in from Raddon Financial Group and the numbers by and large track as expected. The data indicate clearly that both the percentages of people who have a debit card and the percent of people who use a debit card have continued to rise,...

SAN FRANCISCO - Visa USA, the nation's No. 1 card brand, has released a service which it claims will enable card issuers to respond to fraud attempts in real time, as a card transaction is being processed. Advanced Authorization, the new technology, will give all Visa cardholders, merchants and financial...

ARLINGTON, Va. - MBNA, a leading purchaser of credit union credit card portfolios, has purchased the credit card portfolio of the $345 million Franklin Mint FCU headquartered in Broomall, Pennsylvania. As with other recent purchases, the bank's ability to offer American Express branded cards played a role in the sale....

ST. PETERSBURG, Fla. - As the credit card industry overall has become steadily more competitive and credit cards more and more resemble commodities, credit unions around the country have continued to work to upgrade and expand their programs. Some of those that have had some of the most success innovating...

The Summit FCU CEO Mike Vadala is NAFCU's new chairman of the board. Page 6.