News

Electronic Clearing Services, the electronic check and check image exchange business of The Clearing House Payments Company LLC, announced that member financial institutions of both systems can now exchange check data and images.

Five more CUs spread across five states have sold their credit card portfolios to TNB Card Services, the card processing and purchasing arm of credit union owned Town North Bank.

CUNA's recent letter to the Treasury Department makes the case that not-for-profits are just the right organizations to support the nation's strategy to increase the financial literacy of all Americans pointing to the many education efforts of credit unions.

From the podium, little was said about Wings Financial or Think FCU at the Minnesota Credit Union Network annual meeting here last week, but in the receptions and private gatherings there was plenty of buzz about the impact of the controversies and the state's newfound connection to them.

Thirty-five members of Congress added their names to the list of co-sponsors for the Credit Union Regulatory Improvements Act (H.R. 1537) after the spring recess.

Two check processors on opposite sides of the country may be employing different strategies, but both agree the cost savings of switching from paper to digital has about caught up with the cost of conversion technology.