Credit unions ought to be paying close attention to what's behind the Wal-Mart "Money Center" launch since it raises a serious industry challenge in reaching the underbanked, the New York State Credit Union League said today.
If federal regulators and company stockholders approve the purchase, Fidelity National Information Service's purchase of eFunds will leave FIS as the biggest overall card processor serving credit unions.
In what appears a new and innovative approach to payday products, the $200 Family Trust Federal Credit Union said today it is getting an "outstanding" public response to "Lifeline Advance" loans incorporating both a savings feature and a $35 program fee.
A report from a market research firm called Global Industry Analysts has estimated that the global ATM market is saturated at 1.65 million of the machines.
The Credit Union Regulatory Improvements Act has added seven more co-sponsors in the latter half of this week for a total now of 114 with primary sponsor Paul Kanjorski (D-Pa.).
NCUA has brought its Bank Secrecy Act Examination expectations to the same level as the other banking regulators after once being thought of in catch-up mode one expert told Credit Union Times' BSA conference yesterday.
Everest National Insurance has vowed to continue paying default protection insurance (DPI) on subprime auto loans purchased through the Centrix Portfolio Management Program (PMP), but a possible settlement is worrisome to officials at the NCUA and of concern to many credit unions as well.
Michael McGrath, president of CU National Mortgage and its parent company, US Mortgage Corp, has been appointed to the Fannie Mae Customer Advisory Board, giving CUs their first presence on the influential board. CU National Mortgage is a mortgage product and service provider to credit unions nationwide that serves over...
Fidelity National Information Services, the credit card processor to the majority of credit unions, has announced its intent to purchase eFunds Corporation, a leading EFT processor.