News

The online segment of the payment industry continues to grow rapidly, yet still has not matured into a generally commoditized marketplace, according to a new report from Celent Communications. While the lines continue to blur between e-check, phone billing, traditional providers and more, the bottom line continues to grow: E-commerce...

WASHINGTON - Credit unions loading up their Internet banking sites with bandwidth-hogging functionality may find themselves hearing less and less from unhappy users with slow dialup connections. According to the results of a February survey just released by the authoritative Pew Internet & American Life project, 355% of adult Internet...

HUTCHINSON, Kan. - What's in a name? A lot when it's a domain, such as www.hcu.coop. That's the Web address that Hutchinson Credit Union just scooped up when it became available again from the National Cooperative Business Association, the trade group administering .coop addresses. "The co-op addresses are not well-known...

ALBANY, N.Y. - The nearly 300 members of First Baptist Federal Credit Union in East Elmhurst, N.Y., now may be able to do what millions of other credit union members around the country already do: use an ATM card from their credit union and enjoy the benefits of direct deposit....

KINGSPORT, Tenn. - Eastman Credit Union was having growing pains when it came to the bookkeeping and reporting side of the business at Tennessee's largest credit union. The $1.3 billion credit union has 10 branches serving members in Tennessee, Virginia, Arkansas, South Carolina and Texas and needed to expand the...

WASHINGTON - In NCUA Chairman Dennis Dollar's testimony recently to the Senate Banking Committee (see story page 1), Dollar highlighted credit unions' online presence, and it's clear credit unions are doing a lot online. Dollar said 54% or 5,106 of federally insured CUs have a Web site, with some 15.1...