News

ATLANTA - His presentation at this year's AACUC annual meeting may be one of Thomas Glatt's last before he starts a new job, but that didn't stop him from easily being one of the highlights of the conference. Portland Teachers Credit Union just hired Glatt, who has spent the past...

ATLANTA - A series of liquidated credit unions as a result of poor mismanagement and bad loans means small credit unions will see stricter oversight, NCUA Region III Director Alonzo Swann told attendees at the African-American Credit Union Coalition meeting here. A regional director since 1997, Swann oversees FCUs in...

DALLAS - Four more credit unions in Texas have sold their credit card portfolios to TNB Card Services, the card processing arm of credit union-owned Town North Bank that is based in Dallas. The four credit unions are the $69 million Santa Fe FCU, headquartered in Amarillo; the $40 million...

ATLANTA - Despite the ongoing attempts by the banking industry to rescind the industry's tax exemption, NAFCU President/CEO Fred Becker offered reassurance that one of Congress's most powerful figures is not jumping on the bandwagon. "(Bill Thomas) has not said credit unions should be taxed," Becker told attendees at the...

PURCHASE, N.Y. - Some Dallas and New York metropolitan area McDonald's restaurants will start accepting MasterCard's Paypass Pay product at the end of this year, McDonalds and MasterCard have announced. MasterCard's PayPass is a new "contactless" payment option utilizing radio frequency technology, the companies said. MasterCard PayPass cardholders can make...

ATLANTA - Rep. David Scott (D-Ga.) recently told AACUC annual meeting attendees that he's aware of the often-contentious relationship between credit unions and banks, having played referee a few times when colleagues were "at loggerheads." "You want to keep your tax-exemption status," Scott said. "You want to ensure that every...