Payments/Credit/Debit

Despite the ongoing economic recession, a credit union created card aimed at higher end consumers has found its niche and is making money, according to its CU creator and issuer.

Many bank card issuers have abandoned practices viewed as unfriendly to consumers, according to a consumer watchdog group that has long been critical of card issuing practices.

Credit unions belonging to the Allpoint network will now be able to offer their members fee-free ATM access to 800 Kroger stores across the country, according to Allpoint owner Cardtronics.

More evidence has come to light that suggests credit unions with more lower income members may take a deeper hit from the upcoming cap on debit card interchange than CUs with fewer lower income members.

CO-OP Financial Services announced it has sealed a deal with the $5.6 billion Security Service Federal Credit Union to join its popular, surcharge free ATM network.

Credit unions which supposed their card programs with no annual fees would necessarily benefit over bank cards that carried annual fees may need to think again.