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In many ways, the last few years have not been easy ones for credit card issuers. The weak economy has caused a number of problems. Consumers weren't willing to spend as much or borrow, issuers wrote off more accounts and the competition for good cardholders did nothing but intensify. These...

BEREA, Ky. - The $15 million Appalachian Federal Credit Union, headquartered in Berea, will open a new branch in Monticello, Kentucky, on August 25th. The new branch will serve people who live in Clinton, Wayne and McCreary counties. The credit union credited grants from the National Credit Union Foundation, the...

DALLAS - American Express, getting out of the ATM business, has sold the remaining part of its ATM fleet to the 7-Eleven convenience store chain, 7-Eleven announced recently. 7-Eleven paid $44 million for the ATM machines offered in 5,483 company-operated, franchised and licensed 7-Eleven stores in the United States. "ATM...

Volunteer Corporate Credit Union, Nashville, Tenn., has named Jeffrey W. Merry chief investment officer. In addition, VolCorp has promoted Karla Donley to assistant vice president of marketing/member services. Members Credit Union, Winston-Salem, N.C., has named Carlos Patino member services representative, Hispanic division. Diamond Lakes Federal Credit Union, Malvern, Ark., has...

IBT, a design/build consulting firm, has named Tim Frantz chief operating officer; David Pool executive vice president; Doug Holt executive vice president for sales; and Barbara Marxer senior vice president of marketing.

ATLANTA - His presentation at this year's AACUC annual meeting may be one of Thomas Glatt's last before he starts a new job, but that didn't stop him from easily being one of the highlights of the conference. Portland Teachers Credit Union just hired Glatt, who has spent the past...

ATLANTA - A series of liquidated credit unions as a result of poor mismanagement and bad loans means small credit unions will see stricter oversight, NCUA Region III Director Alonzo Swann told attendees at the African-American Credit Union Coalition meeting here. A regional director since 1997, Swann oversees FCUs in...

DALLAS - Four more credit unions in Texas have sold their credit card portfolios to TNB Card Services, the card processing arm of credit union-owned Town North Bank that is based in Dallas. The four credit unions are the $69 million Santa Fe FCU, headquartered in Amarillo; the $40 million...