Thank you for sharing!

Your article was successfully shared with the contacts you provided.

The credit union movement received better-than-expected news on June 29 when the Federal Reserve Board announced its rules to implement the Durbin amendment concerning debit card interchange. For credit unions under $10 billion in total assets, interchange rates will show little or no decline in 2011, and this will probably be true in the first half of 2012 as well. It appears that all networks will implement a two-tier system keeping rates near the 44 cents per transaction average for exempted credit unions during this time.

Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now

Copyright © 2018 ALM Media Properties, LLC. All Rights Reserved.