News

ATLANTA - Although several alliances have been formed, the African-American Credit Union Coalition feels more outreach is needed to credit unions who may need assistance in a number of areas to thwart liquidation or forced mergers. The AACUC's mentorship program's mission of partnering credit unions with "larger, successful" ones starts...

WASHINGTON - The latest issue of the SAR Activity Review: Tips, Trends & Issues, published by Department of the Treasury's Financial Crimes Enforcement Network, has warned financial institutions to beware of customers or members who use ATMs to try to sidestep monetary transactions requirements. "Law enforcement investigations reveal that drug...

ATLANTA - More than 70 college students applied for slots in this year's Reaching Toward the Future internship program and in the end, 34 interns got a real taste of the credit union working world this summer. The African-American Credit Union Coalition launched the program five years ago and the...

ATLANTA - By 2007, African-Americans are projected to have $850 billion in buying power, but only 11% belong to a credit union. This, according to a presentation from Bill Hampel, CUNA chief economist, presented at the AACUC's recent annual meeting. Citing data from CUNA's 2002 National Member Survey Report and...

DALLAS - American Express, getting out of the ATM business, has sold the remaining part of its ATM fleet to the 7-Eleven convenience store chain, 7-Eleven announced recently. 7-Eleven paid $44 million for the ATM machines offered in 5,483 company-operated, franchised and licensed 7-Eleven stores in the United States. "ATM...

ATLANTA - His presentation at this year's AACUC annual meeting may be one of Thomas Glatt's last before he starts a new job, but that didn't stop him from easily being one of the highlights of the conference. Portland Teachers Credit Union just hired Glatt, who has spent the past...