ONTARIO, Calif. - CO-OP Network, the nation's largest credit union owned surcharge free ATM Network, has announced a patronage distribution of $7.5 million for 2003's transactions. This represents an increase of 7% over last year's patronage, the CO-OP said. "Despite an unsettled marketplace, CO-OP Network was able to return a...
ST. PETERSBURG, Fla. - Gary Raddon, Chairman of the Raddon Financial Group carried his message that credit unions can and should be profitable card issuers to the PSCU attendees, reminding them of the benefits of segmenting their cardholding membership and promoting right credit card or debit card products to the...
DENTON, Texas - It is finally official - credit unions wear the white hats and Denton Area Teachers Credit Union can prove it. The $290 million credit union has been presented the Dallas Business Journal's White Stetson Hat award symbolizing "The Best Place to Work" in Dallas-Fort Worth. DATCU was...
WASHINGTON - During panel discussions at the National Cooperative Business Associations Cooperative Conference last week, NCUA Vice Chair JoAnn Johnson outlined the recently approved disclosure requirements credit unions have to follow when converting to a mutual savings bank and highlighted the successes of Access Across America. During the panel on...
DENVER - Aimbridge Home Loans, a division of the Aimbridge Group and a full-service mortgage provider for credit unions and members, has affiliated with LoanCare Servicing Center, a national loan subservicer, to offer CUs a private label servicing program. Through the program, CUs can transfer their current loan servicing portfolios...
SCOTTSDALE, Ariz. - Electronic payments provider eFunds Corp. has acquired Penley Inc., a provider of PATRIOT Act and OFAC compliance services, and fraud investigation software vendor Loss Control Solutions Inc. eFunds said it will integrate the customer verification and case management software platforms into its ChexSystems lineup, now in use...
LANSING, Mich. - Gov. Jennifer Granholm and Commissioner Linda Watters of the Office of Financial and Insurance Services proposed a new state rule April 26 to reduce base rates for all insurance customers by banning the use of credit scoring in determining rates for homeowners and auto insurance sold in...
HARRISBURG, Pa. - In partnership with Certegy Inc., the Alpharetta, Ga. card and check processor, the Pennsylvania Credit Union League is developing a non-member check cashing service with the first CU signups expected "in 30 to 60 days." Debuting the program in Pennsylvania July 1 will be the $50 million...
ALTUS, Okla. - "What's all the fuss" might sum up the attitude lately of the chairman of the American Bankers Association, Ken Fergeson, regarding the ongoing stir over his debate with State Employees CU of North Carolina President/CEO Jim Blaine at last February's Government Affairs Conference sponsored by CUNA. "I...