Credit Union Times | Accurate and Timely CU News

PSECU Files Suit Against Heartland Payment Systems

By David Morrison

One of the latest, if not the latest, lawsuit against Heartland Payment Systems stemming from its 2008 card security breach comes from the $3.2 billion Pennsylvania State Employees Credit Union.

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Bankers Slam Merger

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Wisconsin League to Help Coordinate $200,000 Investor Study

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May 05, 2009

CU Card Executives Nervous About Senate Bill on Prepaid Cards

Executives with card processors and CUSOs that issue pre-paid gift cards are mustering opposition to a Senate measure which, they say, would close down much of the pre-paid gift card issuing in the U.S.

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May 05, 2009

Senate Passes Corporate Stabilization Fund

The Senate today passed a bill that includes provisions for a stabilization fund that would enable credit unions to spread out the cost of replenishing the NCUSIF over seven years. The vote was 91-5.

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May 05, 2009

Swine Flu Outbreak Rejuvenates Credit Union Disaster Plans

The swine flu outbreak kicked disaster preparedness plans into high gear among credit unions last week. Regulators and trade groups sounded warnings about the need to have proper communications

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May 05, 2009

CUs Prepared for 2009 Foreclosures

Are credit unions positioned to absorb another round of foreclosures? Industry experts say yes, despite real estate reporting services releasing all-time high monthly and quarterly default numbers.

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May 05, 2009

Branson Retiring as Top Missouri Regulator

Sandra Branson, director of the Missouri Division of Credit Unions since 2005 and who previously held the job from 1987-1993, is retiring at the end of this month.

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May 05, 2009

Alliance Credit Union Helps Struggling Silicon Valley Businesses Streamline

Fears of rising health care expenses, unemployment and business taxes are the greatest concerns this year for roughly 60% of CEOs of Silicon Valley-based businesses.

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May 05, 2009