• PSECU teams with AAA

    HARRISBURG, Pa. - The $1.6 billion Pennsylvania State Employees CU may get an auto loan and membership boost from a relationship with AAA Southern Pennsylvania. PSECU is now included on AAA Southern Pennsylvania's Web site to inform AAA members about PSECU's low-cost auto loans. AAA members simply click on PSECU's...

  • $50 million left on the table

    Congratulations to Publisher Mike Welch for his editorial in the May 23 issue of Credit Union Times on the subject of corporates. Congratulations also to Editor Paul Gentile. He has become the most informed reporter of corporate credit union business this industry has ever seen. We agree with Mike that,...

  • CUNA joins BITS

    WASHINGTON - CUNA has joined BITS, a financial services trade group that studies e-commerce and electronic services in relation to financials. BITS was originally the acronym for Banking Industry Technology Secretariat. It shortened its name to just BITS to reflect its diverse membership. It represents the nation's 100 largest financial...

  • Calif. banking assembly votes heavily in favor of allowing CUs' trust services powers

    SACRAMENTO, Calif. - A bill that would allow state-licensed credit unions here to provide trust services without having to form a credit union service organization received overwhelming support from the California Assembly Banking and Finance Committee with a 51-6 vote. The Assembly passed AB 684, authored by Assemblywoman Christine Kehoe,...

  • Point well taken

    Mike Welch's recent editorial on the advisability of employment agreements for credit union executives is well taken. In today's competitive market for securing top talent an agreement is in the best interests of both parties. It is beneficial for the executive to have employment security and for the institution to...

  • Holding firm on surcharging

    BIRMINGHAM, Ala. - Tenacity seems to be Alabama State Democratic Representative William Parker's middle name. Parker has vowed to re-introduce his proposal to limit the ATM fees banks charge non-customers to $1 per transaction or 50 cents each for the surcharge and interchange fee, according to the Birmingham News. His...

  • CU-backed provisions survive in Bush's tax bill

    WASHINGTON-In Saturday sessions, the House and Senate approved the conference report for the administration's $1.3 trillion tax cut bill, pared down from the original $1.6 trillion. The House vote was 240 to 154, with 39 not voting, while the Senate approved the measure 58 to 33. Credit union-backed pension reform...

  • Two large CUs choose Fiserv for loan servicing

    SOUTH BEND, Indiana - The $2 billion Hughes Aircraft Employees FCU and the $1.1 billion Bank-Fund Staff FCU are converting to Fiserv's MortgageServ mortgage servicing solution. Employees access MortgageServ utilizing a Web browser. The solution features a Web-page feel, with menu bars, links, and multiple-window access. It is delivered in...

  • NAFCU, CUNA respond to upcoming overhead transfer rate review

    ALEXANDRIA, Va.-Allowing credit union groups to comment on the external review of the overhead transfer rate is the first time the stakeholders have been permitted to take such an action in the agency's history, by Acting NCUA Chairman Dennis Dollar's recollection. CUNA and NAFCU have taken advantage of this opportunity...

  • Liberty forms agreement with MCI-WorldCom, moves away from Convergent

    MOUNDS VIEW, Minn. - In light of the problems its telecom firm Convergent Communications is having, Liberty announced today that it has formed a telecommunications agreement with MCI-WorldCom in order to ensure its Liberty Cavion CU customers uninterrupted service. Michael J. Provenzano, Liberty's EVP of Internet Applications, said Liberty Cavion...