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Pulse jumps on board with rewards program for debit cards

Peter Westerman | August 27, 2002

HOUSTON, Texas - Credit unions and banks that process their signature debit transactions through the PULSE EFT network will soon be able to offer their MasterCard signature debit cardholders SignaturePoints, a benefits and rewards program for their card use. "The use of signature debit to make purchases is growing at...

Spotlight on Millis

Peter Westerman | August 27, 2002

Michael Millis was named Director of CUNA's Councils last September. Prior to that he was Director of Educational Resources in CUNA's Center for Professional Development (CPD). The CUNA Councils are also part of the CPD. According to Millis, he is responsible for strategic direction, development, administration and marketing of all...

MERGERS

Peter Westerman | August 27, 2002

Narda Credit Union, Lombard, Ill., has merged with Credit Union 1. Credit Union 1 is the surviving credit union. Swanson Employees Federal Credit Union, Erie, Pa., has merged with Erie General Electric Federal Credit Union. American Automobile Association Employees Federal Credit Union, Heathrow, Fla., members have voted to merge with...

CUNA establishes award for state lawmakers supporting youth financial literacy

Peter Westerman | August 27, 2002

WASHINGTON-CUNA has created a new awards program to honor state lawmakers for their efforts to increase awareness and gather resources for youth financial literacy. CUNA's State Credit Union Subcommittee has developed the Desjardin Financial Literacy Award as part of an ongoing effort to raise awareness of the importance of financial...

CUNA calls on leagues for grassroots support of bankruptcy reform

Peter Westerman | August 27, 2002

WASHINGTON-CUNA has issued a "call to action" urging all credit union league presidents, league governmental affairs and political specialists, and other credit union leaders to voice support for final passage of bankruptcy reform legislation. During a meeting with House Judiciary Committee staff members, the staffers suggested that credit unions use...

CCCU card program raises $180,000

Peter Westerman | August 27, 2002

COVINA, Calif. - Christian Community Credit Union has donated $180,000 in 2002 through its "Cards that Give to Missions & Ministries" credit card program. "This would have never been possible without the support of our members," said CCCU President/CEO John Walling. "We want our members to know that they belong...

Survey finds insurance is "hot"

Peter Westerman | August 27, 2002

COLUMBUS, Ohio - A new survey finds that the time is now for financial institutions to expand sales to high-income clients by cross-selling protection solutions such as variable annuities and life insurance. According to a 2002 Nationwide Financial Survey of High-Income Professionals, 53% of high-income professionals would consult a financial...

Credit unions demonstrate strong growth in first half 2002

Peter Westerman | August 27, 2002

ALEXANDRIA, Va.-America's federally-insured credit unions showed strong asset and savings growth between January and June 2002, according to the mid-year 5300 Call Reports. The data also highlighted the shrinking number of credit unions but growth in assets. Savings at credit unions increased 7.68% in the first six months of 2002,...

Chatfield to slug it out with thrift CEO over superiority of charters

Peter Westerman | August 27, 2002

SAN JUAN CAPISTRANO, Calif. - The credit union industry has seen its share of live bank vs. CU debates of late, but not an online one - until now. Counter Intelligence Associates (CIA) said it will Webcast a live debate between California CU League President/CEO David Chatfield and Pacific Trust...

Internet-based VPNs a growth market, tech survey firm says

Peter Westerman | August 27, 2002

SCOTTSDALE, Ariz. - Tech-fearless credit unions aren't alone in adopting virtual private networks (VPN) to ferry data across their far-flung operations. According to a new report from In-Stat/MDR (www.instat.com), 90% of U.S. organizations with 1,000 employees or more are either currently deploying some kind of IP(Internet Protocol)-based VPN or are...

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