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ARLINGTON, Va.-Municipal Employees Credit Union of Baltimore will begin offering an overdraft product for its members in about 60 days, according to CEO Bert Hash, Jr. During a Metropolitan Area Credit Union Management Association dinner Jan. 10, he told Credit Union Times, "It could be perceived as a product to...

ST. PAUL, Minn. - Minnesota Attorney General Mike Hatch has taken credit card issuer Capital One to court alleging deceptive credit card marketing and management practices. The card issuer has become widely known, and had a good deal of success, with a series of television ads which depict marauding barbarians...

WASHINGTON- Outgoing Treasury Assistant Secretary for Financial Institutions Wayne Abernathy opened the fourth meeting of the Financial Literacy and Education Commission Jan. 13. U.S. Mint Director Henrietta Holsman Fore, Congresswoman Judy Biggert (R-Ill.), and Deputy Assistant Secretary for Financial Education Dan Iannicola, Jr. were scheduled to address the meeting. The...

Barksdale Federal Credit Union, Bossier City, La., President/CEO Arno Easterly has been elected CUNA examination/ supervision subcommittee board director. Georgia Central Credit Union, Duluth, has named Bryan McClung credit/risk manager. Alabama Telco Credit Union, Birmingham, has named Carla Ward Hull Montgomery branch manager and Teresa Shunnarah TU lending manager. SRP...

VIENNA, Va. - Navy Federal Credit Union has partnered with CUNA Mutual to design, implement and support a debt cancellation program. The over $22.8 billion credit union has begun offering three options of what it has branded "Payment Protection Plan" to cancel loan and credit card payments and/or balances in...

Three Rivers Federal Credit Union, Fort Wayne, Ind., has named Rob Binford executive vice president. MidWest Financial Credit Union, Ann Arbor, Mich., has promoted Cheri Scurto to real estate manager.

SAGINAW, Mich. - The $255 million Team One Credit Union's credit card portfolio had surpassed $20 million in receivables, the credit announced, an increase of almost 100% in two years. In December 2002, the credit union's card portfolio had $11.8 million in receivables and has passed $20 million in December...

ST. PETERSBURG, Fla. - Many of the trends which characterized credit unions' card environment in 2004 will continue in 2005, according to card executives, presenting credit unions with many of the same challenges and opportunities. Steve Thompson, director of PSCU Financial Services Advisors Plus Group, expressed a cautious optimism that...