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FALLS CHURCH, Va. - STAR, the nationwide ATM and EFT network owned by Memphis-based Concord EFS, has cut its annual fees to members and hiked its interchange rates. "We have always had, as one of our long-term goals, creating a unified fee structure across the country," said Barbara Span, Vice...

ALEXANDRIA, Va.-While NCUA had opened up its budget setting process, credit union trade associations were still complaining about the openness of the process for setting the overhead transfer rate. But that changed at the November NCUA Board meeting. Attendees got an earful on the process and credit union economists and...

ROCHESTER, N.Y. - After nine years at the helm of ESL Federal Credit Union, President/CEO David Vigren retired on March 1. His successor is former ESL executive vice president and marketplace manager David Fiedler, who has been with the credit union since 1996. ESL has more than 231,000 members and...

MADISON, Wis. - More than 20 years ago, a small company formed to invest collected insurance premiums opened for business and quickly took off. This year, MEMBERS Capital Advisors reached a milestone when its assets under management surpassed the $10 billion mark. MEMBERS Capital manages the invested assets of MEMBERS...

OVERLAND PARK, Kansas - Corporate Network Brokerage Services is no more. It still exists but it's been renamed simply CNBS to reflect its change in direction. At the start of 2003, CNBS was owned by 18 corporate credit unions. However this past summer CNBS, for the first-time ever opened up...

The EDS CUIG has been built by acquisitions. The following are the major deals: * CUNADATA Madison, Wis. Acquired in 1981 * Data Processing of the South Charlotte, N.C. Acquired in April, 1982 * Virginia Data Norfolk, Va. Acquired in October, 1982 * League Data Services (Missouri CU League) St....

WASHINGTON-NAFCU's Board of directors broke with tradition this year by naming Diane Furnas, CEO of Southwest Airlines Federal Credit Union, as its first female chair. Furnas took the helm at NAFCU at the end of July. Immediate past chairman, Three Rivers Federal Credit Union CEO Jim Mills, announced plans to...

WEST PALM BEACH, Fla. - There's one adjective that can be used to describe the major trend on the CUSO scene this past year - multi-owned. CUSOs owned by multiple credit unions are continuing to increase in number and play a larger and more important role for one simple reason,...