Credit Union Times | Accurate and Timely CU News

NACHA Reports Nearly 16 Billion ACH Payments in 2006, Up Two Billion

By Staff Writer

Financial institutions pushed automated clearinghouse payments up two billion to nearly 16 billion in 2006, according to statistics compiled by NACHA--The Electronic Payments Association--and released at the PAYMENTS 2007 conference last week.

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Gwinnett Federal Lends Over $1 Million to Locals with Disabilities

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COCC Shows Sharp Increase in Image Exchange Penetration

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April 24, 2007

NJFCU Kicks Off National CU Youth Week

To celebrate the sixth annual National Credit Union Youth Week North Jersey Federal Credit Union will host a variety of activities for kids under the age of 18. The weeklong festivities were established to stress the importance of financial education and increase awareness among children and parents.

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April 24, 2007

Pennsylvania Supreme Court to Review Community Charter Appeals

The Pennsylvania Supreme Court has agreed to hear bankers' appeal of a lower court decision permitting two state credit union community charter approvals.

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April 24, 2007

Huron River Area CU Branch Manager Arrested After Conservatorship

A branch manager from Huron River Area Credit Union, which was placed into conservatorship earlier this year, has been arrested for embezzlement according to a local news report.

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April 24, 2007

Affinion Makes Card Security Acquisition

Affinion, a noted ID theft and marketing firm for credit unions, has acquired CardCops, a Malibu, Calif.-based ID theft protection, data monitoring and analysis technology solutions leader. Terms of the deal were not disclosed.

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April 24, 2007

WesCorp/VolCorp Change Gears on Capital Payout After NCUA Letter

The planned merger of WesCorp with VolCorp included a capital payout plan whereby WesCorp would return VolCorp's member capital over a 20-year period, but an NCUA letter caused the corporates to go back to the drawing board.

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April 24, 2007

Navy Federal Hosts Mortgage Conference for Employees Around the World

Navy Federal Credit Union hosted its 22nd Annual Branch Operations and Mortgage Leadership Conference at its Vienna, Va. headquarters for more than 100 branch and field mortgage leaders from around the globe.

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April 24, 2007