News

Experts in plastic card security have praised the news from Visa USA that almost all of its largest merchant acquirers have confirmed that they are not keeping card data for longer than allowed, but have also noted that this does not equal card security compliance in and of itself.

Mike Hearne, the controversial CEO of the $314 million Lafayette Federal Credit Union is no longer with the institution, according to sources familiar with the situation.

For car loan borrowers looking to refinance, credit unions most likely have the best deals in town, Black Enterprise magazine recently suggested.

In a marketing promotion highlighting "the credit union difference," the $109 million Mutual 1st Federal Credit Union is giving away a $22,000 Mini Cooper sports car this October with one special twist: the winner need not be a member or even sign up for membership.

In a marketing promotion highlighting "the credit union difference," the $109 million Mutual 1st Federal Credit Union is giving away a $22,000 Mini Cooper sports car this October with one special twist: the winner need not be a member or even sign up for membership.

NCUA Board Member Gigi Hyland, who is chairing NCUA's Outreach Task Force, has announced the opening of registration for its scheduled Oct. 2 town hall meeting in Washington, D.C.

Determined to make wider use of blogs and Internet advertising, the $200 million Members Credit Union took out ads this week on three local Web sites to expand its three year old "Football Pick 'em" game promotion.

At a time when credit union savings overall have been generally increasing, shares at the $314 million Lafayette Federal Credit Union have been in freefall.