Search Results

WASHINGTON-Though CUNA and NAFCU generally supported proposed additional guidance amending Regulation E, which implements the Electronic Fund Transfer Act, the two credit union trade groups did pen some concerns in their respective comment letters. CUNA's letter, written by Assistant General Counsel Lilly Thomas, expressed support for provisions requiring payees to...

WAKEFIELD, Mass. - Encore Merchant Services, a division of Primax Payment Systems, which is headquartered in Wakefield, Massachusetts, and an affiliate of the Encore Cooperative, headquartered in Falls Church, Virginia, has now entered into its second year helping credit unions offer their members the ability to accept credit cards. "We...

NORTH CHARLESTON, S.C. - R. Scott Woods has been appointed as the new president and CEO of the $1 billion South Carolina FCU. He succeeds Robert Dargan who retired from the position in April. Woods has served as Interim Chief Executive Officer and Chief Financial Officer of S.C. FCU since...

In a recent survey, Card Services for Credit Unions (CSCU) asked our member CEOs to indicate the major issues they felt their credit union was facing, with respect to their credit card program. The majority answered "competition". How can a credit union, with its limited resources, begin to compete with...

PERU, Ind. - Citing a shrinking membership base and diminished growth, the $34 million Sagamore Community Credit Union said it will merge Jan. 1 into the $535 million Beacon CU of Wabash. "New management was brought into Sagamore last February and we've been helping them out ever since, with their...

Insight Financial Credit Union, Orlando, Fla., has named Jim Weber collections manager. Alabama Central Credit Union, Birmingham, has promoted Kim Warner and Melissa Hargett to regional vice president. SRP Federal Credit Union, North Augusta, Ga., has named Jenny Mutimer Martinez Branch manager and Linda Ness North Belair Road Branch manager....

SALEM, Ore. - Responding to what Oregon's top credit union regulator admits is jawboning, CUs in the state continue to "respond favorably" to an edict laid down two months ago by the state Division of Finance and Corporate Securities State Division urging CUs to offer payday loan alternatives or face...

CUPERTINO, Calif. - As though credit union ATM deployers don't already have enough to worry about with steadily more savvy ATM thieves, violent attacks outside ATMs and the cost of upgrading ATMs to match new security and government regulations. Now there is increasing evidence that ATMs may be particularly vulnerable...