News

LOS ANGELES - Encryption is a key for Stan Cadiente and his staff at California Credit Union, where the job of securing data has taken on growing importance in the wake of industry data breaches, new rules and regulations and the escalating complexity of the CU's own storage environment. Cadiente...

NASSAU, Bahamas - Credit unions in the Bahamas are now working under a new law, The Co-operative Societies Act, which became law on October 4, 2005, with the regulations and by-laws section having been finalized early this year. The new law and regulations also apply to all producer-supplier co-operatives. The...

SCOTTSDALE, Ariz. - Credit unions and banks alike are increasingly competing for the same consumers with the same products, and the commoditization is reaching into the back shop as well, according to the consultants at Cornerstone Advisors. In the firm's just released "The Cornerstone Report: Benchmarks and Best Practices for...

ARLINGTON, Va. - Kenyan credit union regulator Patrick Khaemba had a full schedule during his recent visit to the U.S. to learn best practices from the American credit union system to improve Kenyan cooperatives. Among the many stops for Khaemba, who is the permanent secretary for the Kenyan Ministry of...

CORVALLIS, Ore. - Summit Information Systems President Kevin Sparks says Canada is a natural market for the credit union data processor. "Everyone is concerned about the rate of migrations in the U.S. The smaller credit unions are being merged into larger ones, there's a general shrinkage going on. We saw...

BIRMINGHAM, Ala. - Credit union data processor EPL has hired former CUNA Mutual Group Chief of Sales and Marketing Jim Gowan as executive vice president of sales. Gowan reunites with another former CUNA Mutual exec, Wayne Benson, who serves as EPL's president. "We are focused on growing, and bringing on...