News

WASHINGTON - Credit unions should not be limited in how they electronically communicate with their members for delivery of online financial services, say CUNA and NAFCU. In comment letters to the Fed, the two trades pounded home this point. Gramm-Leach-Bliley required that the Fed undergo a study and prepare a...

PARIS - Credit unions in the United States might ask what the European Union (EU) has to do with them. But at the World Council of Credit Unions' (WOCCU) fifth annual leadership institute, the lessons learned in forming the European Union can apply to any movement. Both the credit union...

PARIS - Consumers may be tiring of hearing news about the state of the economy, but attendees at the World Council of Credit Union's (WOCCU) fifth International Credit Union Leadership Conference had the opportunity to hear a lively exchange of opinions on the U.S. and international economy as an American...

COLUMBIA, S.C. - Will Windows XP be greeted with a yell or a yelp, or maybe just a yawn, when the next generation of the world's dominant computer-operating system rolls out later this year? While the new generation of Windows promises to be the most evolutionary since Windows 95, veterans...

There are many reasons why e-mail marketing can be an effective channel for credit union marketers. Some of the benefits include: reduced cost (as low as pennies per message); the ability to target by segment; the ability to quickly test, measure and modify campaigns; and real-time response (e-mail programs generate...

COLUMBIA, S.C. - Think your credit union's safe and secure, hiding all that confidential data and crucial functionality behind the latest and greatest in firewalls? Think again. "The lesson of the Code Red worm is that firewalls didn't prevent it, period. That's the issue," says Chuck Welsh, president of NetBankAudit...

Until now, credit unions have taken baby steps in socially responsible investing. Still industry watchers say that despite the beating mutual funds have taken over the past year, SRI is on the upswing, and credit unions may be the next group it attracts. What are SRIs and what is their...

CAPE TOWN, South Africa - It's been a busy year for the Savings and Cooperative League of South Africa (SACCOL). Over the past six months 11 applications for membership have been received and seven have been accepted. SACCOL believes this is a great achievement by their members in financially empowering...