• What Mike's missing in recommending NCUA/NCUSIF split

    Mike Welch asks the question "what am I missing" in advocating the split of NCUA/NCUSIF (CU Times, Nov. 7). I would respond that he may have misplaced some very important lessons of the past along with a reasoned frame of reference on this issue. First, with perhaps the most knowledgeable...

  • S1 and Corillian settle patent lawsuit

    BEAVERTON, Ore. - A settlement between two major tech firms serving the financial sector came while Retail Delivery was being held. S1 Corporation and Corillian Corp announced that they reached an agreement to settle the patent infringement lawsuit brought by S1 against Corillian in March 2000. Under the terms of...

  • CO-OP Network goes wireless

    ONTARIO, Calif. - With the launch of its Cellular Digital Packet Data technology, CO-OP Network has tapped into wireless technology for ATM transaction processing. For consistent signal strength and availability, CDPD uses a dedicated path that is fixed to each assigned ATM. According to Gene Polito, CO-OP Network Executive Vice...

  • Gemplus delivers 10 millionth GemXpresso smart card

    ANAHEIM, Calif. - Gemplus International S.A. announced at BAI that it has delivered 10 million of its Java Card technology-based GemXpresso smart cards to the financial services market. The firm said proliferation of Java Card technology has accelerated significantly in the last 18 months, most notably in the U.S. financial...

  • SAC FCU hopes to woo 700,000 new members with expanded charter

    OMAHA, Neb. - SAC Federal Credit Union is looking to build on its 55-year history of serving members who work for the U.S. Department of Defense (DOD) and the Air Force with a newly-expanded community charter. The second largest credit union in the state recently got NCUA approval to switch...

  • CENTRAL

    Kansas Credit Union Association, Wichita, has promoted Jamie Varbel to director of communications and marketing. Emporia State Federal Credit Union, Kansas, CEO Wilma Cravens has decided to retire after 23 years of service. Under Cravens' direction ESFCU has grown from $1 million to $23 million in assets. Cravens will retire...

  • Microsoft, Corillian team up

    ANAHEIM, Calif. - Microsoft and Corillian have formed a strategic agreement to provide Microsoft's Web-based subscription service, MSN Money Professional, to Corillian clients. The deal calls for Corillian to integrate the service with its Voyager platform. MSN Money Professional was unveiled last month at the COMDEX show. It is the...

  • NCUA holds historic budget hearing

    ALEXANDRIA, Va.-In July, the NCUA announced that it would be holding its first ever, public budget hearing, which was held November 1. The credit union community praised the hearing as a step toward more openness about the agency's budget, which is funded by federal credit unions and indirectly by federally...

  • Leong's visions for Hawaii State FCU fulfilled as CEO retires

    HONOLULU - What do you get when you meld a 27-year career in local and state government with nearly 15 years in the credit union movement? An uncanny acumen for gathering consensus with the fine-line ability to forge ahead with `out of the box' decisions. Peter Leong, president/CEO of Hawaii...