News

After months of being embroiled in an unexpected ruckus over a name change, members of the University of Iowa Community Credit Union decided Feb. 28 not to go with the new Optiva Credit Union name.

MasterCard continues to sign up more retailers for its contactless card program known as Paypass. The most recent retailer is the Wakefern Food Corporation, the merchandising and distribution arm of ShopRite supermarkets. The deal will bring Paypass to over 200 ShopRite locations in New Jersey, New York, Connecticut, Pennsylvania and...

Customers at 7-Eleven will now be able to reload Visa prepaid cards at any of the chain's 5,300 stores nationwide. The move expands the reach of Visa Readylink, a network the card program put into place for reloading the cards.

The $668 million Local Government Federal Credit Union has found a high degree of success with an affinity branded debit card program that seeks to earn the loyalty of the state's firefighters and their families.

Once its serious loan problems became known, regulators wasted little time last month in putting this city's largest credit union, the $362 million Huron River Area Credit Union, into NCUA conservatorship, it was disclosed last week.

On the eve of the hearing on serving the financially disadvantaged targeting funding for the Community Development Financial Institutions Fund, NAFCU President/CEO Fred Becker asked that the funding be raised to $80 million or at least maintaining the FY06 level of $54.5 million.