News

A slowing market for CU card portfolios has not stopped TNB Card Services, the card portfolio purchasing and processing arm of credit union owned Town North Bank, from continuing to buy. The CUSO reports that it has purchased 45 card portfolios in 2007 and 150 overall.

First Florida Credit Union is the sponsor of this year's annual Children's Christmas Party of Jacksonville.

BrightStar Credit Union Board Chairman Dr. Dorothy J. Orr, has been named the 2007 CUES Director of the Year.

Larry Strong, veteran president/CEO of the $425 million Velocity Credit Union here, has given up his title as president, with previous Chief Operating Officer Debbie Mitchell assuming that job.

ICUL Service Corporation and Members United Corporate Federal Credit Union consolidated their check processing operations as of Dec. 10. The combined program is owned and operated by Members United.

Thanks to NAFCU President Fred Becker, "America's best kept secret" is out.