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  • Credit unions need to identify the weakest link

    ORLANDO, Fla. - As credit unions increase their fields of membership and provide members more remote points of access, the exposure to hackers also goes up. A CSI/FBI 2001 Computer Crime and Security Survey found that 85% of respondents detected a computer security breach, 64% acknowledged financial loss and of...

  • Fiserv acquires London private banking, solutions firm

    BROOKFIELD, Wis. - Fiserv has acquired Catapult Technology Limited, a private banking, treasury management and technology solutions provider based in London. Terms of the agreement were not disclosed. Catapult Technology has a suite of banking solutions called MetaBank. MetaBank is a back- and middle-office software system created using Catapult's proprietary...

  • Don't overlook Internet as tool to reach Hispanics

    WASHINGTON -As the Hispanic population continues to grow across the country, so does the number of adult Hispanics online, according to a study released by the Pew Internet and American Life Project. Fifty percent of Hispanics are now using the Internet. The study was based on a survey in February...

  • MIDWEST

    Missouri Credit Union System, St. Louis, has named Amy McLard vice president of public/legislative affairs and Lisa Cassady director of communications. Wisconsin Credit Union League, Pewaukee, has appointed the following officers to its executive committee: Randy Beck, Royal Credit Union, chairman; Carol Adler, Marshfield Medical Center Credit Union, first vice...

  • New Horizon CU waiting for word on one of largest FOM expansions in state

    MANASSAS, Va. - New Horizon Credit Union has filed an application with the state Bureau of Financial Institutions for a community charter and, under separate application, a request to expand its field-of-membership from a potential membership of 7,100 to more than 430,000. New Horizon's FOM currently includes employees of the...

  • Origin of two names

    RSM McGladrey Inc. was created when McGladrey & Pullen sold its non-attest assets and business to H&R Block Inc. in August 1999. Under terms of the agreement, RSM McGladrey was established as an indirect, wholly-owned subsidiary of H&R Block. For regulatory reasons, McGladrey & Pullen LLP was maintained as a...

  • Tossing assumptions helps fight deposit account fraud

    ORLANDO, Fla. - Fraud prevention successes at larger organizations means higher risks to smaller organizations. According to Pratt & Associates Fraud Service Manager John C. Askew, one key to lowering deposit account fraud is having less confidence in the status quo. "The first three letters in confidence says it all-con,"...

  • Ohio's Stark County Chapter loves a parade

    CANTON, Ohio - The Stark County Chapter of credit unions carried a lot of "hot air" during the Pro Football Hall of Fame Grand Parade here. About 40 credit union CEOs and employees maneuvered a 40-foot helium-filled Richie Rich balloon along the 2.2-mile parade trail. Balloon handlers wore polo shirts...

  • CUSO Financial Services taking credit unions to a new wireless level

    SAN DIEGO - From CUs jumping on the aggregation bandwagon to almost daily announcements of CUs offering wireless banking, the credit union tech scene is as trendy as it gets. CUSO Financial Services here may be kicking off a new trend - wireless brokerage. The CUSO, which has 58 CU...

  • Fed Chairman Greenspan keeps some of finances in CU

    WASHINGTON -Federal Reserve Chairman Alan Greenspan's personal financial holdings were valued between $3.1 million and $9.6 million at the end of last year, according to a federal financial disclosure report released Aug. 7. The Fed chairman also held between $650,000 and $1.5 million worth of Treasury bills in direct deposit...