News

LA HABRA, Calif. - American First Credit Union employees organized an Angel Tree gift campaign to collect gifts for the children and teens of the Crittenton Services for Family and Children. The Angel Tree filled with gift tags and wish lists was set up in the credit union's main office...

GHANA - SUSU Collectors work like unofficial credit unions in Ghana. These estimated 4,000 collectors even have an association, The Ghana Cooperative SUSU Collectors Association, which works the Ghana Microfinance Institutions Network (GHAMFIN). They are self-regulating. Collectors, readily identifiable by the many pocketed coats they wear, gather money from small...

SAN DIEGO - A study of major data breaches suggests that financial institutions not view all such breaches as being of the same security risk and that the risk from some of the breaches may be quite small. The study was conducted by ID Analytics, a leading risk management company...

ARLINGTON, Va. - In the wake of the card data breaches of 2005, security, security and more security are the watchwords for 2006, according to different card executives, closely followed by a steady increase in the gift and prepaid card markets and a steady expansion in the rewards arena. "I...

SAN FRANCISCO - Visa USA's annual report to investors forecast a 10% annual growth rate over the next five for the payments industry, led by debit cards. Visa USA delivered 10% operating revenue growth in FY05 on dollar sales growth of 18%, which exceeded personal consumption expenditure growth of 6.5%....

ST. LOUIS - Vantage Credit Union has teamed up with local television affiliate Fox 2 and Catholic Charities to collect and distribute warm clothing to make the holidays a little brighter for those in need. To encourage last-minute donations to the charity drive, Tim Ezell, morning anchor at Fox 2,...

DALLAS - Credit union clients of TNB Card Services, the card processing arm of credit-union-owned Town North Bank, will soon have access to a new marketing guide TNB has published to help them better sell their card programs. Credit unions that actively market their card programs achieve stronger net retail...

SYDNEY, Australia - Over regulation and customer privacy are two areas that concern the Credit Union Industry Association here. They have issued a statement in response to the new anti-money laundering (AML) and counter-terrorism financing (CTF) that have been proposed and released December 16th. If approved, then all financial institutions...