News

Shawn Gilfedder has been named president of McGraw-Hill Employees Federal Credit Union effective June 1.

The banks that have received a lot of media attention for Bank Secrecy Act violations had a lot of common problems, Charlotte Bahin, partner with Lord, Bissell & Brook LLP, shared with attendees of the <em>Credit Union Times</em>/EEI BSA conference today.

Marking a 12-year alliance, 37 representatives from 10 Georgia credit unions and the Georgia Credit Union Affiliates traveled to Poland last week as goodwill ambassadors.

Credit unions ought to be paying close attention to what's behind the Wal-Mart &quot;Money Center&quot; 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.