News

PULSE, the ATM network owned by Discover Financial Services, has launched a surcharge free ATM network in a deal with the MoneyPass Network.

Western Corporate Federal Credit Union members will not be required to recapitalize the institution, corporate and NCUA officials told members during a Webinar today that provided detail regarding recently released 1st quarter 2009 financials.

Skeptics evaluating the freshly minted PULSE/MoneyPass surcharge free ATM network openly doubt whether many credit unions will be drawn to a partnership with a subsidiary of US Bank, but MoneyPass has built relationships with CUs for some time.

President Obama today spelled out the details of his $4.3 trillion budget, including $17 billion worth of spending cuts.

WesCorp members asked management why they should continue to support the institution, after management, board members, supervisory and ALCO committees, and NCUA audits didn't identify the potential for investment losses.

The $84 million West Texas Credit Union reported approximately 12% net worth as recently as September 2008. However, it has taken a beating somewhere on the balance sheet each quarter since, leaving it with only 0.12% net worth as of March 31.