News

Gentrification, the process whereby lower income areas first draw investment to develop and then often experience higher land values and rents on account of the development, is claiming the National Federation of Community Development Credit Unions as its latest victim.

There has been a clear sea change in the use of CU debit/ATM cards, moving away from being primarily the means for accessing cash at ATMs to becoming more of the universal payment cards the financial industry has long sought.

Spartan stores, a leading regional grocery retail and wholesale operator with more than 87 retail stores located in Michigan and northwest Ohio has decided to start accepting so called contactless payments, according to MasterCard.

Indiana credit unions cashed in on Super Bowl hype savoring a big payoff in what one marketing executive here called "phenomenal ratings" for pre-game TV and radio ads as well as Internet tie-ins.

In one way, Betty Hobbs can relate to the late, legendary crooner Frank Sinatra.

During last week's American Association of Credit Union Leagues 2007 Annual Meeting in Palm Desert, Calif., North Carolina Credit Union League President/CEO John Radebaugh (left) and CUNA President/CEO Dan Mica signed an agreement in which CUNA will coordinate the league's education and training programs for credit unions.