• Firewalls only the beginning of Internet security

    COLUMBIA, S.C. - Think your credit union's safe and secure, hiding all that confidential data and crucial functionality behind the latest and greatest in firewalls? Think again. "The lesson of the Code Red worm is that firewalls didn't prevent it, period. That's the issue," says Chuck Welsh, president of NetBankAudit...

  • Summit selects Lutris for mobile apps

    CORVALLIS, Ore. - Credit union data processor Summit Information Systems here has selected the Lutris Enhydra 3.5 platform to support the development and deployment of wired and wireless financial applications for its Summit Spectrum core processing system. Summit will use the Lutris Enhydra 3.5 platform for delivering applications to mobile...

  • CENTRAL

    Aviation Associates Credit Union, Wichita, Kan., has named Monica L. Roberts vice president.

  • SOUTH

    Jax Federal Credit Union, Jacksonville, Fla., has named Mark Cammuso vice president of information service. Keesler Federal Credit Union, Biloxi, Miss., has promoted John R. Goff to senior vice president and Richard Tolar to senior vice president/chief financial officer.

  • Fringe lending continues to explode

    *11,000 check-cashing outlets nationally process more than 180 million checks worth roughly $60 billion each year; *Payday lending grew nationally from 300 stores in 1994 to more than 8,000 in 1999; *12,000 to 14,000 pawnshops operate nationwide outnumbering credit unions and banks; *Between 1993 and 1998, subprime loans grew from...

  • Special Report: Investment Products

    Until now, credit unions have taken baby steps in socially responsible investing. Still industry watchers say that despite the beating mutual funds have taken over the past year, SRI is on the upswing, and credit unions may be the next group it attracts. What are SRIs and what is their...

  • EAST

    First Teachers Federal Credit Union, Schenectady, N.Y., has named Christine Perlee business development officer. Citadel Federal Credit Union, Thorndale, Pa., has named Michael B. Schnably vice president of marketing and training and John Stehman CEO of Citadel Financial Services, Inc. The New England Credit Union Heritage Foundation, Concord, N.H. has...

  • South Africa CUs grow slowly, fight fraudulent credit unions

    CAPE TOWN, South Africa - It's been a busy year for the Savings and Cooperative League of South Africa (SACCOL). Over the past six months 11 applications for membership have been received and seven have been accepted. SACCOL believes this is a great achievement by their members in financially empowering...

  • Arrowhead CU opens first full-size branch in auto dealership

    SAN BERNARDINO, Calif. - Arrowhead Credit Union is taking its members down memory lane while making history as the first full-size branch to open in an auto dealership. The 3,300 square-foot branch is decorated with a "Route 66" theme and features a restored Tolkeim Fire Chief 300 gas station pumps,...