Search Results

WASHINGTON-Financial Institutions began circulating the redesigned $50 bill Sept. 28. Officials from Treasury, the Federal Reserve, and Secret Service were on hand for the new notes first usage: the purchase of an American flag in Washington, D.C.'s Union Station. The $50 note now includes enhanced security features, subtle background colors...

BROOKFIELD, Wis. - There is a change coming in the corner office at Fiserv, and it's coming in about a year and a half. Fiserv President/CEO Les Muma, 60, announced that he plans to retire in June of 2006. Announcing the change so far in advance is virtually unheard of...

The credit union industry is facing a transition - from paper-driven processes to an electronically enabled world, where paper is available where desired, but not necessary. Innovative firms are finding new ways to capitalize on the ability to capture and process their business electronically to reduce the costs and errors...

WASHINGTON-Despite the strict lines drawn between credit unions and banks in Utah, two of Utah's three congressmen have signed on as co-sponsors of the Credit Union Regulatory Improvements Act (H.R. 1375). South Dakota's lone representative also jumped on the bandwagon. Utah Republican Congressmen Chris Cannon and Rob Bishop added their...

CUNA President/CEO Dan Mica (left) and NAFCU President/CEO Fred Becker goof off a bit in Alexandria, Va. recently during a celebration of the new affordable mortgage program at Shiloh of Alexandria Federal Credit Union. A number of political players attended the event. See the full story on page 46.

GLASTONBURY, Conn. - A pair of southwest Ohio credit unions are moving onto Open Solutions Inc.'s core processing platform and forming a CUSO to increase their own efficiencies and re-sell OSI technology in their area. The credit unions are $142 million AurGroup Financial Credit Union in Fairfield and $120 million...

NEW YORK - More than 100 people turned out for the combined grand opening of the Lower East Side People's Federal Credit Union's very first branch, on the ground floor of a new cooperative housing effort. The $13 million credit union's opening took place in conjunction with the opening of...

ATLANTA - Another credit union has had to revamp because of changes with its major sponsor. As a further sign of the times, the $37 million Rich's Employees Credit Union is changing its name to Retail Employees Credit Union following the recent announcement by Federated Department Stores to drop the...