News

MONTEREY, Calif. - The NCUA must take into account the different types of credit union charters during its data collecting initiative, said new California Credit Union League President Bill Cheney during the opening session of the league's Big Valley Educational Conference. Cheney covered a number of topics during the session,...

AUCKLAND, New Zealand - Like the Americans, New Zealanders are not great savers according to the media. Not so fast, says Doug McLaren, CEO of the Association of New Zealand Credit Unions. He is frustrated with those newspaper and television stories decrying the spendthrift ways of citizens, because credit union...

The nation's three largest credit unions still choose to do their data processing on their own in-house. In fact, seven of the top 50 CUs go that route. Putting them aside, Symitar Systems has the largest slice of the big credit union market with 14 clients. They are followed by...

HERNDON, Va. - NACHA, The Electronic Payments Association, will test online transactions in a pilot that requires consumers to authenticate their own financial institutions, and initiate private, secure electronic payments via their financial institutions' online banking Web sites. "As a result of the recent FFIEC guidance on authentication, financial institutions...

PORTLAND, Ore. - Already dominant in the online banking space for big credit unions, Corillian Corp. is now adding a new focus down market while working to help all its clients, big and small, reach out to the millions of consumers who still eschew the online channel, its CEO says....

TORONTO, Ontario - Credit unions, private sector firms, consumer and volunteer groups have banded together in Canada to highlight Fraud Prevention Month. Credit Union Central is working with the Fraud Prevention Forum, which is chaired by the Competition Bureau, an independent law-enforcement agency. Working on the belief that an aware...