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WASHINGTON - Visa USA has announced that it processes more Check Card transactions than credit card transactions. Check Cards use Visa platforms to make purchases from consumer checking accounts instead of credit lines. According to Cardweb.com, VISA Check Cards now represent 35% of VISA's total U.S. card volume, compared to...

ALEXANDRIA, Va.-Bucking recent trends, a federally-insured, state-chartered credit union converted to a federal credit union in February. St. James Public Schools Credit Union ($1.7 million in assets) converted to a federal credit union. Counterbalancing the new federal credit union was the application approval of an entirely new state-chartered credit union...

Security Service Federal Credit Union, San Antonio, Texas, employees have donated their time and carpentry skills to a Habitat for Humanity housing project. Twenty-two volunteers braved unusually cold temperatures for the non-profit organization. Washington Credit Union League & Affiliates, Federal Way, has announced that 59 credit unions in Washington State...

WASHINGTON - MBNA America Bank N.A. a noted purchaser of credit unions' credit card portfolios, announced recently that it has acquired a $1.3 billion credit card portfolio from Wachovia Corporation. In the agreement MBNA purchased the outstanding credit cards and provide service to the 550,000 portfolio customers. Wachovia Corporation is...

DENVER - Arguing it needs more funds to pursue its legislative and regulatory agenda, the Colorado Credit Union League is seeking a whopping 40% dues hike for next year. The increase would be the first significant dues boost in 20 years. League officials point out, however, the dues hike is...

WASHINGTON - CUNA Chief Economist Bill Hampel, President of the Woodstock Institute Malcolm Bush, and Ed Jacob, CEO of NorthSide Community FCU in Chicago, IL will debate "Rhetoric or Reality: Are Credit Unions Serving Low-Income Communities?" as part of the National Federation of Community Development Credit Unions' upcoming annual conference....

CALABASAS, Calif. - Digital Insight has partnered with CashEdge to bring inter-institution transfer and person-to-person payment capabilities to its clients. Digital Insight President and COO Dale Walker said DI feels these empowering capabilities will make Internet solutions such as Net banking, and maybe down the line account aggregation, more attractive...

See page 3 to see how a Washington CU regulator made the jump to a CU exec.