News

DALLAS - Four credit unions in three states have sold their card portfolios to TNB Card Services, the card processing arm of credit union-owned Town North Bank. The four credit unions are the $220 million Great Plains FCU, headquartered in Joplin, Missouri; the $44.5 million SourceOne FCU, headquartered in Brooklyn...

SRI LANKA, INDONESIA, INDIA, THAILAND - When the tsunami swept at least 280,000 persons to their deaths December 26, 2004, the immediate needs were to find loved ones, find food, rebuild homes and only after that try to get back to normal life. Credit unions are a tool to restore...

Americans continue to fall in love with their debit cards, steadily taking more of the cards and using them for an increasing volume of purchases, even for the "small change" items which cash used to dominate. According to Callahan and Associates, Americans charged $13.5 billion in transactions under $5 in...

GARDEN RIVER, Ontario, Canada - When Allan Moffat of the Anishinabek Nation Credit Union (ANCU) introduced himself he jokingly offered a reward if the credit union name could be pronounced correctly. However, he takes his role as ANCU's general manager as anything but a joke. The tribal Assembly voted in...

MOUNTAIN VIEW, Calif. - Expert predictions of Health Savings Accounts (HSAs) gaining popularity seem to be on target and health insurance companies across the country are responding to the demand. According to an eHealthInsurance report, Health Savings Accounts: The First Six Months of 2005 consumers are paying an average of...

ARLINGTON, Va. - Despite concerns that college students may not have the knowledge or responsibility to use credit cards responsibly, many card issuers have pressed forward with marketing efforts aimed at college students. Now there is more evidence that the cautionary voices may have been right. A new survey has...