Payments/Credit/Debit

Roughly 95% of credit unions that process their credit card transactions with The Members Group have stopped allowing members to go over their card's limits, the processor said.

While Albert Gonzalez, the convicted ringleader of a major hacking operation that cost credit unions millions of dollars,

In a step designed to make it more appealing to credit unions seeking to consolidate their ATM and card processing, Credit Union 24 has announced that it can now bill debit card payments without personal identification numbers.

While many aspects of the credit union business have changed since 1990, few have changed more than the placement, use and role of ATMs.

The average yield for interest-bearing rewards checking programs of credit unions and banks is now at 3.3%, according to a new study issued by Bankrate Inc. the Florida-online research firm.

Credit union card portfolios continued the improved performance they have demonstrated in the last several years in 2009, and the card portfolio sales continued their slow pace as the volumes of card assets that changed hands rose a bit.