News

WILMINGTON, Del. - MBNA Corp, one of the leading purchasers of credit unions' card portfolios, hopes its new Web site (www.mbnamembersplus.com) extolling its credit union agent program will reassure credit unions thinking of offering their portfolios for sale. Even though the site has only been active for a couple of...

TALLAHASSEE, Fla. - Credit Union 24, the second largest credit union owned ATM network in the U.S., has announced a patronage dividend for 2002 transactions of $2.3 million. This more than doubles last year's patronage of $1 million, which covered transactions taking place in 2001, and lifts the organization's total...

MINNEAPOLIS, Minn. - The steadily percolating U.S. ATM market has drawn a new player to the table, giving credit unions yet another set of options for how to structure their ATM fleet and usage. Elan Finacial Services, the wholly-owned subsidiary of U.S. Bancorp, has combined its two existing ATM networks...

NASHVILLE - A marketing strategies company with a growing profile among credit unions has inaugurated a program which seeks to service credit union members who own small businesses. "Small businesses are an extremely important part of the American business picture and one that we perceive is increasingly turning to credit...

I have been intrigued by the recent press about large issuers offering to buy card portfolios at handsome premiums. We've all been stung by the downturn in the economy, increased competition from the large issuers, and rising delinquencies. I can definitely see how a cash infusion could be useful at...

SALEM, Ore. - Lorrell Bruce is being remembered by the World Council of Credit Unions and those he worked with at the Caribbean Confederation of Credit Unions for his dedication to expand the credit union movement and to leverage credit unions to improve the value of people's lives. Bruce died...