News

It's hard to believe, but when debit first launched in the 1970s, industry experts were pessimistic. Many predicted that debit would displace credit, and issuers would end up losing money. But obviously that has simply not been the case. Consumer acceptance and success of debit by any measure has skyrocketed!...

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.