News

Turn to pages 20-24 for a rundown of the hottest news in the credit/debit/ATM world.

THOUSAND OAKS, Calif. - Forty four credit unions have sold their credit card portfolios and likely entered into agent relationships with their buyers so far this year, according to Robert Hammer, a noted card portfolio consultant and broker. As of the end of the third quarter of this year, according...

Credit union card management draws closer all the time to a crossroads. Are credit cards a part of what many credit unions can and should offer as part of their core products and services, or should they retreat from the credit card field and give their card portfolios over to...

RENO, Nev. - Credit unions shouldn't be so quick to shed their credit card portfolios. Even if the portfolios are "stagnant"- not turning a profit -they do cement member ties, and one result of selling is opening up the member base to competitors. That was one of the messages shared...

ONTARIO, Calif. - Robert Dargan, CEO of South Carolina Federal Credit Union, has been named to the board of directors of CO-OP Network, the largest credit union ATM network in the country. Dargan has been CEO of the $900 million credit union for over a decade and is the first...

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...