News

NEW CANAAN, Conn. - Credit unions finding themselves paying more for technology staff are not alone, according to the latest report from Foote Partners. The IT consultancy says that according to its quarterly survey of 48,000 workers in North America and Europe, overall pay for all non-certified and certified IT...

DUBLIN, Ireland - Members of The Irish League of Credit Unions (ILCU) can now save on their phone and Internet services costs thanks to Credit Union PhoneSave and Credit Union InternetSaver. The new services give participating credit unions email accounts, broadband connection and Web site development from three different providers...

NEEDHAM, Mass. - Credit unions that want to become banks and then issue stock might be well advised of this point: Compliance with the Sarbanes-Oxley Act is having a disproportionate impact on publicly traded community banks, according to TowerGroup. The research and advisory firm says the Sarbanes-Oxley Act is forcing...

ALEXANDRIA, Va. - NCUA's first quarter trend report shows if assets continue to grow the way they did in the first quarter they will be up a solid 9.53% for the year. Assets increased to $15.4 billion, a 2.38% increase. Net worth, a hot topic of late, increased $1.5 billion,...

ST. CHARLES, Mo. - Service-oriented architecture (SOA) is a term much bandied about these days, along with its close relatives XML, Microsoft .NET and Web services. But what is SOA? "SOA is a software architectural style based on loose coupling among software agents that interact," is how it's defined by...

MANCHESTER and LONDON, U.K. - In a sign of growing government support for credit unions, Great Britain CUs can now participate in Child Trust Funds (CTF). Parents of all children born after Septemer 1, 2003 will receive up to 500 (US$950) paid directly into the special accounts. Parents can add...

SAN FRANSICO - InfoIMAGE, a provider of an automated solution for the creation, distribution and management of paper and Internet documents, announced the addition of Susan Reed as its new corporate sales manager. Reed's duties include leading InfoIMAGE's marketing efforts to promote the company's data processing, printing and mail services,...

PALO ALTO, Calif. - Paper's not going away anytime soon, so credit unions might as well make the most of what technology has to offer in the way of print, too. That's the philosophy behind Addison Avenue Federal Credit Union's use of the customization options it has for its electronic...