News

Many credit unions don't understand that when they hire a brokerage firm to evaluate and market their credit card portfolios, that it is the buyers of the portfolios that pick up the fee, usually a percentage of the overall sale price. But what do the firms that buy the portfolios...

ONTARIO, Calif. - CO-OP Network, the nation's largest credit union owned, surcharge free ATM network, just got less expensive for its members. The organization announced that it will pass on $4.6 million in savings on support services and switching fees. "As a core value of our corporate philosophy, our executive...

LATHAM, N.Y. - A new regulation that will mandate New York credit unions keep ATM security tapes for 45 instead of 30 days has the support of the New York Credit Union League and should not cost the credit unions too much money or trouble, according to a League official....

SEATTLE - PEMCO Technology Services, a Seattle based card processor for 230 financial institutions around the country, has announced new technology through which credit unions can issue and activate credit cards on site, while the member waits. "We're excited to be a leader with this technology," said PEMCO CEO Dan...

ARLINGTON, Va. - Credit unions contemplating selling their credit card portfolios often face a challenging and unfamiliar process. While they might be assured that their card portfolios are worth something, and may even have received an offer or two out of the blue, they frequently have few means of measuring...

CUNA's 2003 Future Forum, with a new name and new format, has wrapped up, and first reports from attendees say it was a hit. Catch up on conference coverage on pages 24 and 26.