• Digital signatures can make ATM/debit card transactions secure over Net

    HERNDON, Va. - Participants in NACHA's Internet Secure ATM Payments (ISAP) Pilot have proven that consumer ATM/debit cards can be used on the Internet with transaction authentication and security that are comparable to point-of-sale purchases. The pilot successfully processed 598 transactions in which digital signatures substituted for personal identification numbers....

  • Playing the name change game

    DES MOINES, Iowa and MELROSE, Minn. - The Principal Employees' Credit Union will change its name to Premier Credit Union effective September 1, 2001. According to PCU President/CEO Jim Niederhauser the new name will better reflect the credit union's diverse membership. The credit union's Web address will also change. There...

  • Proposed rule allows for reimbursement of federal credit union board officials' "guests"

    ALEXANDRIA, Va. - The NCUA Board has proposed a rule that would greatly expand who can be reimbursed when accompanying a federal credit union board official traveling on credit union business. Currently, the Federal Credit Union Act allows a board official and one "immediate family member" to be reimbursed for...

  • Shapiro Group provides small CU grants

    RANCHO CUCAMONGA, Calif. - The California Credit Union League's Shapiro Group is providing grants to small credit unions to help them complete or update their policies, and to hold strategic or scenario planning sessions. Under the policy assistance program, the Shapiro Group will reimburse CUs of up to $20 million...

  • CUNA Symposium to offer special attention to small credit unions

    MADISON, Wis.-CUNA's 2001 Symposium is gearing up with several features specifically aimed at smaller credit unions, including a pre-conference workshop in e-business; special conference sessions; and pricing arrangements aimed at making the Symposium more accessible to small credit unions. The pre-conference workshop, "An e-Business Day for Small Credit Unions," will...

  • Who's got game? Check out your local credit unions

    WEST PALM BEACH, Fla. - As members root, root, root for their home team, credit unions are hitting marketing homeruns. With its small ballparks and low prices, minor-league baseball games have become the latest "hotspot" for family fun and over the past 15 years, the number of fans attending has...

  • CUNA comments on BITS' Framework

    WASHINGTON - CUNA, a new member of BITS, an IT group consisting of industry representatives that is working on developing standards for doing business online, recently submitted a comment letter about BITS' draft entitled Framework for Managing Information Technology Service Provider Relationships. CUNA suggested a number of changes to the...

  • Dollar on-hand to present federal charter to faith-based credit union

    TEMPLE HILLS, Md.-Acting NCUA Chairman Dennis Dollar presented Rev. John Cherry with a federal charter for None Suffer Lack Federal Credit Union in a special ceremony last week. The federal credit union is the newest faith-based credit union in America, scheduled to officially open for business October 1. "The leadership...

  • Aurum makes another acquisition

    PLANO, Texas - Aurum Technology has announced its second acquisition in a span of a week. Aurum, which was formed from the sell-off of EDS' community bank processing division, has acquired Morningside Corporation, Kansas City, a provider of core processing, teller, and platform software for community and mid-tier banks. A...

  • Navy FCU joins Project ACTION

    HERNDON, Va. - Navy FCU is the latest credit union to join NACHA's Project ACTION initiative. Project ACTION (www.project-action.org) is attempting to use the established ACH network to make e-commerce transactions more secure. The group wants to have a system where the consumer selects their financial provider to "push" a...