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We are witnessing the tremendous potential for a dramatic shift in the way financial services offered by credit unions are delivered to their members. The first leg of this journey began a decade or so ago when walk-in or drive-up members started banking by telephone and then later over the...

MIRAMAR, Fla. - Bucking the trend of federal credit unions that have converted to state charters for increased regulatory flexibility, Eastern Financial FCU, one of the largest CUs in the U.S. and the third largest in Florida, has applied with the Florida Division of Banking because of competition with other...

COLUMBIA, S.C. - People sometimes get their best ideas while shopping. Just ask Carol Brown, who happened upon the inspiration for the newest tool in her credit union's member-service lineup while doing a bit of online shopping. "We're all Web surfers around here," says the vice president of member and...

Asure-fire way to get a heated discussion going at a credit union meeting is to bring up the subject of board term limits. When credit union CEOs mention term limits, it is immediately assumed that they are looking for justification to oust one or more board members who have been...

OVERLAND PARK, Kan. - The U.S. Central Board has approved $15 million in capital for its Corporate Network eCom subsidiary. According to U.S. Central, the commitment was based on member feedback calling for more options in the realm of bill payment. Corporate Network eCom has two core products: Member Gateway,...

Chartway Federal Credit Union, Virginia Beach, Va., has raised more than $16,000 for the American Cancer Society. This year, more than 60 employees participated in the 1st Annual Elizabeth River Relay for Life. In addition, since January, employees started organizing fundraisers that included doughnut and bake sales, raffles, silent-auctions and...

VANCOUVER, B.C.- Two of the largest employee-based credit unions here -Van Tel CU and Vancouver Safeway Employees Credit Union-are discussing a possible merger. According to Vancouver Safeway CEO Bob Luxford, since the branches of the credit unions complement each other, members will enjoy better delivery options and a wider range...

MADISON, Wis. - World Council of Credit Unions celebrated its 30th anniversary as the world's leading advocate and development agency for credit unions. Incorporated in 1971 and previously known as the CUNA World Extension Department, WOCCU at its formation consisted of three national confederations including the U.S., Australia and Canada,...