News

ARLINGTON, Va. -- Card processing executives and card experts credit a mixture of better card management and the current economic slowdown for fueling the strong growth in credit union card portfolio balances.

NEW YORK -- More than 250 commercial banking executives in a recent survey ranked customers knowing they have more bargaining power than ever before as the most critical challenge facing their banks.

APPLETON, Wis. -- Linda Kennedy has been hired as the new CEO of Business Lending Services LLC, a joint venture between Business Lending Group and Corporate Central Credit Union.

JACKSONVILLE, Fla. -- Tower Federal Credit Union and Dow Chemical Employees' Credit Union are now processing their credit cards on the Base2000 platform from Fidelity National Information Services Inc., the company said.

SEATTLE -- NCUA Chairman Michael E. Fryzel said today his approach to policing credit unions was to have regulations that are "as minimal as possible, as much as necessary.''

WASHINGTON -- Two noted credit union leaders and pioneers will share the National Credit Union Foundation's 2009's Herb Wegner Memorial Award for Individual Achievement.