Payments/Credit/Debit

The $3.2 billion Wescom Credit Union has purchased the card portfolios of eight credit unions and launched agent issuing agreements with them since it began buying portfolios late 2006.

Debit cards and other devices that do not have to be swiped at a card reader to work have been available to larger card issuers for some time. Now two credit unions have announced they have started offering their members this "contactless" option.

Credit union card experts and analysts say the latest nationwide credit card flap has given credit unions have another good opportunity to market their credit cards as better for consumers.

The $701 million DuPont Community Credit Union headquartered in Waynesboro, Va., has taken banking to its community's streets and outdoor events through a mobile ATM.

Fifty-five credit unions around the country have signed on with CO-OP Financial Services' flagship offering, the surcharge-free ATM network.

A South Carolina credit union says big bank credit card issuers are partially responsible for giving his CU a spike in its credit card balances.