News

PASEDENA, Calif. - The Los Angeles Firemen's Credit Union has debuted its Blazing ATM/Check card. With the new program members can withdraw up to $600 cash per day at ATMs; up to $600 per day via POS; and up to an additional $1,500 per day via signature-based transactions. "We are...

DES MOINES, Iowa -U.S. District Court Judge Ronald E. Longstaff has denied the state of Iowa's request to dismiss a lawsuit over Iowa's ban on automated teller machine surcharges filed by five national banks - Metrobank, Wells Fargo Bank, Bank of America, Firstar Bank and U.S. Bank. Filed by the...

CHICAGO - The Member Access Network has launched its first bilingual automated locator system to find ATM machines. Cardholders can now find over 9,800 ATMs in either English or Spanish. Members call a toll free number provided by Jensen Beach, Fla.-based TOUCH-MAP Systems. If there are multiple locations in one...

LANSING, Mich. - The state Office of Finance and Insurance Services has approved the merger of three Grand Rapids credit unions into Grand Rapids Teachers CU, which has been managing the three CUs under a contractual arrangement for several years. Involved in the merger are Alliance CU, $38 million in...

WILTON, Conn. - Mutual Security FCU, the sixth largest federal credit union in Connecticut, was approved by the office of the State Banking Commissioner to convert to a state charter. The name of the credit union will be Mutual Security Credit Union. MSCU has $100.8 million in assets and serves...

SACRAMENTO, Calif. - The California Senate passed by a vote of 22 to 12 a bill introduced by state Assembly member Carole Migden (D-San Francisco) that would ban predatory lending statewide. At press time, the state Assembly was expected to vote on A.B. 489 on Sept. 11 or 12. A.B....

Indirect lending continues to be a hot button for credit unions - some can't live with it, others can't live without it. Despite CUs' misgivings about indirect lending, a growing number are participating in programs. Read about indirect lending and other auto lending and leasing news in a special report...

WASHINGTON - Credit unions are still maintaining a healthy price advantage against banks with new auto loan rates, but the lending competitor on the block they should have their eye on is the captive financing company. Credit unions' new auto loan rates came down 64 basis points the first six...