News

The NCUA Board agreed to liquidate $7 million Green Tree Federal Credit Union yesterday.

It was a stunning and puzzling member defeat two years ago, but now after months of well-orchestrated campaigning the $600 million Kitsap Community Federal Credit Union is set to switch to a state charter at month's end enabling geographic expansion.

Shell oil has rolled out a biometric payment method at 10 of its gas stations in the Chicago area. Consumers who enroll in the pay by touch program will be able to purchase their gasoline at the pump with the touch of their finger to a biometric reader.

Steve Lumm, former president/CEO of $1.8 billion Addison Avenue Federal Credit Union, has joined Nice Enterprises Inc's. team as the executive coaching consultant.

During a House Judiciary subcommittee hearing last week, Congressman Tom Feeney (R-Fla.) offered NAFCU's comment letter on the Emergency Home Ownership and Mortgage Equity Protection Act of 2007 (H.R. 3609) to be entered into the record.

PSCU Financial Services, the payments processing CUSO with over 500 credit union owners that use the First Data Corp. card platform, has joined the PCI Security Standards Council as a participating organization. As a participating organization, the cooperative will work with the Council to evolve the PCI Data Security Standard...