News

MADISON, Wis. - As of April 1 2003 credit unions desiring CUNA Mutual credit card fraud insurance will have to participate in the VISA or MasterCard online fraud protection programs, according to a CUNA Mutual executive. Al Stendahl, a vice president with CUNA Mutual, said that credit unions wishing to...

MONTSERRAT, British West Indies - Many credit unions have disaster plans that cover emergencies such as robberies, floods and other natural disasters. But how many U.S. credit unions would be prepared for a volcanic eruption? Roselyn Cassell-Sealy, of St. Patrick's Co-operative Credit Union on Montserrat, knows what it is like...

PORTLAND, Ore. - Interest among monoline credit card issuers in acquiring credit unions' card portfolios will continue and likely intensify in 2003, according to a card executive who has moved from VISA International to the Portland-based Asset Exchange. Asset Exchange is a leading broker of credit union's card portfolio sales,...

SODUS, New York - WCTA Federal Credit Union has become the first financial institution in the NYCE Network to conduct a real-time, bill payment transaction with a debit card. The transaction, conducted by Becky Hulett, vice president of operations, enabled her to pay her Verizon telephone bill, by calling the...

Credit unions in New Jersey concerned that bill barring state-charters from charging at the ATM gives federal-chartered institutions the upper-hand.

WESTLAKE VILLAGE, Calif. - Consumers in the market for new and used vehicles are relying on dealerships' Web sites more, J.D. Power and Associates research shows. Traffic to dealerships' Web sites by used-vehicle buyers is up 19% over 2001, according to the J.D. Power and Associates' 2002 Used Autoshopper.com StudyT....

WEST PALM BEACH, Fla. - National 0% financing offers from the Big Three auto manufacturers expired Jan. 1, 2003. At press time, none of the company had announced any new incentives to replace them. Zero-percent financing offers from auto manufacturers that began shortly after 9-11 and which continued through 2002...

SACRAMENTO, Calif. - The outcome of pending class action suits on the East coast brought by consumer groups against an auto manufacturer's financing company concerning buy-rate financing could influence the shape legislation on the issue may take in California. Under arrangements dealers have with certain financing companies and institutions, dealers...