News

ORLANDO, Fla. - With an estimated 20% of U.S. households considered to be unbanked or underbanked, a growing number of financial institutions are reaching out to target and serve these consumers. But "while there is an incredible canvas for innovation, there are also enormous challenges to innovate for this market...

The American Bankers Association continues its litigious ways, but its latest CU targets aren't too worried. See story on page 8.

Credit union vendors continue to debut new products to help CUs become more efficient. Read about that and the latest technology news in the special report on pages 22-32.

NEEDHAM, Mass. - Electronic payment channels and plastic cards will continue replacing paper checks in the coming years, according to TowerGroup. The accelerating shift from paper to electronic payment mechanisms and credit and debit cards is evidenced by various payments statistics, the research and advisory firm says, especially in the...

CAMBRIDGE, Mass. - Credit union IT chiefs seeking larger budgets in 2006 as they go before the board this fall can argue that they're not alone. Forrester Research recently surveyed IT executives at medium and large U.S. enterprises as they entered the new budgeting season and found that 53% of...

ADELAIDE, Australia - It's the Australian version of Macy's Thanksgiving Day Parade only it is sponsored by six credit unions and stars over 1,300 credit union people. This year's Christmas Pageant was held on Nov. 12 and featured 57 floats, clowns, dancing girls and 14 marching bands. Of course, Father...