News

WEST PALM BEACH, Fla. - Was '04 a good, mediocre, or bad year for corporates? And what does '05 have in store? It depends who you ask but the corporate CU mantra has always been that the network merely ebbs and flows based on what natural person credit unions have...

WASHINGTON - The Association of Corporate Credit Unions may not have the biggest budget or staff, but looking back on 2004, it sure packed quite a wallop in getting things done, especially on the political front. For the first time, the ACCU participated in both national political party campaigns, joining...

Banks continue to wail about expansive CUs, yet their net income is at an all-time high. See the stat breakdown on page 4.

Find out how credit unions are fighting fraud in the special report on pages 22 to 24.

LEEDS, UK; and GLASGOW, Scotland - The British Financial Services Authority (FSA), which regulates UK credit unions, took over the regulation of mortgages on November 1, and for the first time credit unions have been given the right to offer 25-year mortgage loans. Prior to the new regulations the repayment...

NEEDHAM, Mass.- A TowerGroup research report titled A Phish Tale? Moving From Hype to Reality finds that despite the media attention to email "phishing" scams, direct fraud losses attributable to phishing may be less than expected. The actual dollar value of phishing-related fraud is expected to total just $137.1 million...

More Effort Needed to Prevent, Detect Identity Fraud PLEASANTON, Calif. - A recent Javelin Strategy & Research study finds that while a few financial institutions have focused on identity theft and related fraud resolution, they must "deputize" consumers to help contain the threat. For example more financial institutions should be...

WALTHAM, Mass. -Are colleges, universities and major research centers the latest prime targets for identity thieves? According to security provider Intrusic Inc., a university data center is an easy starting point for criminals to obtain the information necessary to commit identity theft, cyber-fraud and a string of other crimes. "Universities...