News

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...

ATLANTA - The African-American Credit Union Coalition (AACUC) recently awarded its first CUNA Mutual Group Discovery Conference scholarship to Rita Haynes, CEO of Faith Community United Credit Union. A 40-plus-year veteran of the credit union movement, Haynes has worked at Cleveland-based Faith Community United Credit Union since 1959, serving the...

ATLANTA - Only 20% of the population are actually ready to apply for a mortgage and credit unions are in a unique position to increase that number, one expert said. Speaking at the AACUC's annual meeting here recently, Mercy Jimenez, senior vice president, National Business Center at Fannie Mae, said...

ST. PETERSBURG, Fla. - PSCU Card Services, the card servicing cooperative for over 500 credit unions that process their card transactions with First Data Corporation, reported that its business continuity plan performed properly during Hurricane Charley. The cooperative put the plan into place beginning on August 11 when it appeared...

ATLANTA - With the message of moving forward and giving voice to the disenfranchised, the African-American Credit Union Coalition recently kicked off its sixth annual meeting Aug. 12-14. Formed in 1999, the AACUC's mission is to increase the number of African-American professionals in the movement. Over a five-year period, the...