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Home Equity Reform on Ballot for Texas Constitutional Amendment

Peter Westerman | June 10, 2003

AUSTIN, Texas - Texans are one step closer to gaining access to home equity loans. Consumers will vote September 13 on a constitutional amendment that would reform the state's home equity legislation originally enacted in 1998. SJR 42 and accompanying bill SB 1067, authored by Senator John Carona (R-16), were...

Treadwell Back on the CU Tech Scene at Summit

Peter Westerman | June 10, 2003

CORVALLIS, Ore. - A familiar face is back in the credit union tech realm. Terry Treadwell has joined Summit Information Systems, a Fiserv data processing subsidiary, as its Director of Market Strategies. Treadwell became well-known in the CU tech scene as a co-founder of CUES Tech Port and former Managing...

NCUF Leaning on Corporates to Help Reach $1 Billion Goal

Peter Westerman | June 10, 2003

WASHINGTON -The National Credit Union Foundation is hoping corporate credit unions can play a major role in helping it achieve its $1 billion goal. The NCUF has a goal of $1 billion invested in the Community Investment Fund by next year. NCUF Executive Director Gary Officer hopes $250 million of...

ORCC Converts U.S. Central CUSO's Bill Pay Biz to its Platform

Peter Westerman | June 10, 2003

MCLEAN, Va. - Online Resources Corp. will be the online bill payment services provider for the more than 50 credit unions serviced by Corporate Network eCom, a CUSO of $33 billion U.S. Central Credit Union. The conversion of about 53,000 active bill pay users will be completed in mid-June, ORCC...

LivePerson and DI Ink Deal

Peter Westerman | June 10, 2003

NEW YORK - LivePerson, a provider of real-time online customer chat that some CUs are using for online member service, has hooked up with Digital Insight to offer its solution to DI clients. Under the deal, Digital Insight can immediately make the LivePerson self-service and live chat solutions, Secure Chat...

AWARD

Peter Westerman | June 10, 2003

Idaho Credit Union League, Boise, has recognized several Idaho credit unions for their fundraising efforts for Credit Unions for Kids, an organization that raised funds for the Children's Miracle Network. Forty-two credit unions and credit union-related organizations participated in the campaign, raising nearly $139,000 in the 2002 campaign season. CANCO...

Florida, Michigan Leagues Designate Floyd & Associates for Overdraft Privilege Program

Peter Westerman | June 10, 2003

TALLAHASSEE, Fla. and NORTHVILLE TOWNSHIP, Mich. - FCUL Service Corp. and CUcorp, the service organizations of the Florida and Michigan credit union leagues, respectively, have signed an agreement with John M. Floyd & Associates naming the Houston, Texas-based firm as their preferred business partner for their CUSO's overdraft privilege program....

CUNA Working to Expand CU Access to International Money Wiring

Peter Westerman | June 10, 2003

WASHINGTON-CUNA entered into an agreement with the World Council of Credit Unions and Travelex recently to broaden the availability of international money remittance services for credit unions. The new program will operate under IRnet-the International Remittance Network-which has been licensed to CUNA by WOCCU. Under the agreement, credit unions can...

California Appeals Credit Card Disclosure Decision; Arguing Legislation Should be Considered Under TILA

Peter Westerman | June 10, 2003

SACRAMENTO, Calif.- The State of California has filed an appeal in the case that overturned a state law requiring personalized statements and call centers available during certain hours. The judge ruled in American Bankers Association v. Lockyer last year granting relief to the plaintiffs (lenders) from the legislation stating that...

Study Cites DI as Leader in Small-biz Banking but Sees Battle Brewing in `Untapped Market'

Peter Westerman | June 10, 2003

BOSTON - A battle is brewing among vendors as more and more financial institutions seek the technology partners they need to handle the online banking needs of small businesses, according to a new report from Celent Communications. The market is relatively limited now, but those small businesses - defined by...

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