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MADISON, Wis. - Call it the credit union marketer's latest old friend, but Master Consumer Information Files play an important role in today's credit union. According to CUNA's Credit Union Services Profile Report, 14% of credit unions and counting employ MCIF to segment their membership for target-marketing purposes. "While MCIF...

WASHINGTON-The American Bankers Association (ABA) had to file its brief challenging NCUA's field of membership policies with the U.S. Court of Appeals around press time. The ABA is appealing U.S District Court Judge Colleen Kollar-Kotelly's decision in favor of the NCUA. The bankers sued the credit union regulator charging the...

ORANGE, Calif., - Experian, a provider of information solutions, has spent $13.5 million for Exactis from 24/7 Media, Inc, a provider of advertising/marketing solutions. Experian will now have the e-mail marketing infrastructure to offer marketers the most effective, immediate, targeted and inexpensive way to reach consenting members and self-identified prospects...

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...

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,...

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...

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,...

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...