News

Newtek Business Services, Inc. has entered into a merchant acquiring agreement with Discover Financial Services, a business unit of Morgan Stanley, to offer an integrated payment card processing package.

Ongoing Operations, LLC has opened its second disaster recovery center in Portland.

Bill Myers, retiring CEO of the $52 million Alternatives Federal Credit Union, headquartered in Ithaca, N.Y., already seems poised to hit the ground running as one of the new Field Coaches with the National Credit Union Foundation's REAL Solutions program.

Credit unions may have to contend with one more colossal competitor in the market following Wal-Mart's recent announcement to expand its Money Centers, but it has been done before.

American consumers consider credit unions to be twice as likely as many of the nation's biggest banks to do what's best for the consumer, not the institution's bottom line, a new study shows.

Joining "in support of our fallen brethren," firefighter credit unions from across the U.S. and backed by CUNA used their Web sites and direct mail last week to drum up donations from their members to support the families of the victims of the calamitous June 18 warehouse fire.