News

LATHAM, N.Y. - A new regulation that will mandate New York credit unions keep ATM security tapes for 45 instead of 30 days has the support of the New York Credit Union League and should not cost the credit unions too much money or trouble, according to a League official....

SEATTLE - PEMCO Technology Services, a Seattle based card processor for 230 financial institutions around the country, has announced new technology through which credit unions can issue and activate credit cards on site, while the member waits. "We're excited to be a leader with this technology," said PEMCO CEO Dan...

ARLINGTON, Va. - Credit unions contemplating selling their credit card portfolios often face a challenging and unfamiliar process. While they might be assured that their card portfolios are worth something, and may even have received an offer or two out of the blue, they frequently have few means of measuring...

CUNA's 2003 Future Forum, with a new name and new format, has wrapped up, and first reports from attendees say it was a hit. Catch up on conference coverage on pages 24 and 26.

Despite the growth of online banking and legislation such as Check 21 that's designed to facilitate electronic check clearing, members like most consumers, still have an affinity with their checks. Read the latest share draft news on pages 18-20.

FEDERAL WAY, Wash. - John M. Floyd & Associates was named by CU Association of the West LLC as its strategic provider for JMFA's Overdraft PrivilegeT program. "Overdraft privilege allows credit unions to increase their non-interest income without raising fees or making any capital outlay, by integrating into their existing...

WEST PALM BEACH, Fla. - Share draft accounts, long espoused as being the hook for credit unions to become their members' primary financial institution, continue to be a strong product area for CUs despite the growing popularity of online banking. Data from Callahan & Associates show credit unions' penetration rates...

ARLINGTON, Va. - Check 21 is inching closer to being finished. Disputes that have stalled the legislation have been worked out, and all signs at this point are the bill's a go. But even once the bill to facilitate electronic check clearing is passed by Congress, it will still be...