News

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.

A plethora of credit union technology news can be found in the special report on pages 21-35.

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RANTOUL, Ill. - Credit Union 1 says it will be converting to the USERS Inc. DataSafe core processing system next April. The credit union's president, Paul Simons, cited browser-based functionality choices in the credit union's decision to switch, particularly cross-selling capabilities. "We've invested in sales training, identified priority products and...