News

NCUA has revamped some of its plastic card usage policies following an internal study. Page 4.

IT security is vital for today's CUs who are doing more business than ever online. Learn about the latest IT security issues on pages 18-20.

JACKSONVILLE, Fla. - A $39 million, 6,500 member federal credit union in Florida is using card numbers, but not the cards themselves, to generate roughly $50,000 per month in interchange income, according to the credit union's CEO and the credit union's data processing firm. The processing firm, Indianapolis-based Remember Data...

WASHINGTON-Senator Jack Reed (D-R.I.), a Banking Committee member, made a special five-minute introduction on the importance of identity theft prevention during a NAFCU conference call on the subject. The Senator also held a community gathering on the issue in his home state, where NAFCU Senior Vice President and General Counsel...

PLANO, Texas - IT security needs to be a multi-faceted, dynamic, evolving process for it to work, according to most experts. EDS here is giving CUs a firewall product that has about as much of that as possible in one product, says the company. EDS has teamed with Astaro, Burlington,...

MARLBOROUGH, Mass. - St. Mary' Credit Union recently implemented a relatively inexpensive photo capture system that managers say provides an easy way for staffers to identify members and help prevent fraud. While the $385 million credit union knew it was getting both a less-costly alternative to biometrics and a new...