• Yet another survey shows consumers not aware of EBPP

    RYE, N.Y. - A study by Electronic Bill Presentment and Payment firm Mobius Management Systems here shows yet again that most consumers think EBPP is a great idea, but they don't know if their billers offer it. "The lack of adoption has become a sort of self-fulfilling prophesy. I think...

  • OCC restructures for largest banks

    WASHINGTON-The Office of the Comptroller of the Currency (OCC) has made some operational management changes in order to separate the larger national banks from the smaller institutions. According to the American Banker, the agency is regrouping 350 of its 1,980 examiners who supervise the top 30 national banks. Comptroller John...

  • The wait is over: CUNA Renaissance Commission results are in

    WASHINGTON-After nearly a year's wait, the Renaissance Commission has handed over its recommendations for CUNA's legislative and regulatory pursuits to the board of directors. The commission's suggestions include both short and long-term goals to be voted on by the board shortly after press time. "I feel very good about it...

  • Credit union officials travel cross-country to get their message to Congress

    WASHINGTON-As the Utah Credit Union League and America First Credit Union of Ogden, Utah, approached their representatives on the Hill, the credit union representatives knew exactly what they came to achieve. The small credit union group that had traveled almost the entire way across the country wished to thank their...

  • Congressional support builds for individual development account legislation

    WASHINGTON - As credit unions forge ahead in helping low-income members save for a new home, pay for education or start a business through individual development accounts (IDA), momentum is building to make these savings vehicles more widely available. The latest House bill, the Savings for Working Families Act (H.R....

  • NCUA sets e-statement, disclosure rules

    In April 2000, the NCUA allowed credit unions to provide electronic statements instead of mailed statements, at the members' option. That rule, following the lead of the Federal Reserve Board, was amended by the NCUA Board on June 14. It now reads: Standards set for electronic Truth in Savings disclosures...

  • 75 CUs embark on tech tours at recently-held tech conference

    ST. LOUIS - Talk about hands on. Attendees at CU Conference's recent CU Technology Summit in Las Vegas received their very own "tech tours" by visiting the facilities of two Las Vegas-area credit unions. CU Conferences and William Rogers & Associates sponsored the program. Twenty-four attendees visited the retail branch...

  • British CUs win money from the lottery and other places

    MANCHESTER, U.K. - People love lotteries all over the world, but Association of British Credit Union Ltd. (ABCUL) credit unions and study groups in the South and West of England have even more reason to love the lottery. They have just won a 4200 pound grant from the British National...

  • Three times the charm with ACH presentments

    HERNDON, Va.-NACHA, the Electronic Payments Association, has drafted a proposed rule that would limit how many times a financial institution can represent an automated clearing house (ACH) item. The amendment would limit presentments to three times. Some ACH items, including the re-presented checks, are already limited to three presentments. "With...

  • SOUTHWEST

    Community Credit Union, Plano, Texas, has named Mike Williams vice president of administrative services for JCPenney direct marketing services, Inc. In addition, CCU has appointed the following officers to its board: James McCarley, chairman; Fred Spencer, vice chairman; Al Brookner, secretary; and Stan Fong, treasurer. Southwest Corporate Federal Credit Union,...