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NEW YORK - Research has shown that the rise in the popularity of debit cards has cut into some of the transactions that would normally have gone onto credit card balances, although cash and checks continue to be the largest losers in the rising debit card phenomenon, a card market...

FAIRCHILD, Wis. - While some smaller credit unions have decided to merge, Wisconsin's smallest continues to remain independent. Fairchild Credit Union in Fairchild, Wis., had assets of $80,689 as of December 31, 2003. Mabel Habermeyer, who calls herself its president and janitor, says the credit union began in 1962. She...

WEST PALM BEACH, Fla. - So many of the people appearing in the pages of Credit Union Times are known for just one thing - the role they play in the credit union industry. But what happens when they're not conducting credit union business? In Beyond the Job, Credit Union...

ALEXANDRIA, Va.-NCUA issued a Regulatory Alert recently making credit unions aware of the newly modified Currency Transaction Report form. The Financial Crimes Enforcement Network (FinCEN) revised the CTR in response to law enforcement requests for better tracking of foreign currency movement. Two lines have been added to Part II of...

STAMFORD, Conn. - Credit union managers cautiously considering loosening the purse strings on technology spending are not alone. A survey of 956 chief information officers from a variety of enterprises around the world found more than 40% expected IT spending to increase in the second half of 2004. The survey,...

ARLINGTON, Va. - The credit union industry is just now starting to see how pro-conversion consultants and even greed can drive credit unions to give up their cooperative structure, but it's been happening to cooperatives and mutuals in other industries for years. Thrifts and mutual savings banks, mutually organized insurance...

LATHAM, N.Y. - A handful of financial institutions with roots supposedly in Canada may be conducting unauthorized banking transactions, the New York State Credit Union League recently reported. The League says the Office of the Superintendent of Financial Institutions of Canada has issued a "warning notice" that the following entities...

ORLANDO, Fla. - Callahan & Associates and WesCorp kicked off their first ever Financial Strategies Conference last week with some sobering economic news. Goldman Sachs economist Andrew Tilton spoke to the 61 credit union attendees, made up mostly of CEOs and CFOs. Tilton said the economic recovery is progressing, but...