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Bankers could learn a lot at NAFCU conference

Peter Westerman | July 30, 2002

During my credit union career, I have attended a number of national banking association conferences. Included on the long list of things I learned at these meetings is that the three most popular session themes at banking meetings are profitability, profitability, and profitability. It's a shame that bankers don't participate...

Slim chance of a dividend this year

Peter Westerman | July 30, 2002

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CUNA to market .coop to CUs

Peter Westerman | July 30, 2002

MADISON, Wis. - CUNA said it will become the lead marketer to CUs for the new .coop domain. CUNA entered into an agreement with the National Cooperative Business Association (NCBA) to become the primary marketer of .coop domain names to U.S. credit unions. The agreement allows CUNA Network Services to...

CUNA reverses its position in controversial California credit card suit

Peter Westerman | July 30, 2002

ARLINGTON, Va. - All appearances of confusion notwithstanding, a senior CUNA official defended the way the association has handled its role in a controversial financial industry suit to overturn a California credit card disclosure law. Now both CUNA and NAFCU, along with other banking trade associations and several nationwide credit...

They're at it again

Peter Westerman | July 30, 2002

The infamous ad wars between Utah CUs and banks aren't over just yet. Page 6.

ITCUA elects Butler chairman

Peter Westerman | July 30, 2002

DEL MAR, Calif. - Robert Butler, first vice chairman of Communicators FCU, Houston, has been elected chairman of the Information Technologies Credit Union Association. The ITCUA originated as a trade association for telecommunication (primarily telephone) CUs, but has moved into technology over the years. It recently announced that it would...

CUNA tells OFAC to ease up on disclosure rule

Peter Westerman | July 30, 2002

WASHINGTON-CUNA recently wrote a comment letter opposing a proposal by the Office of Foreign Asset Control (OFAC) to publicly disclose penalties imposed by the agency. The proposal was published in the June 19 Federal Register. "We have always been concerned that the ever-increasing complexity of the OFAC sanctions programs raises...

Wescom gets first disaster recovery client

Peter Westerman | July 30, 2002

PASADENA, Calif. - Talk about branching out into new areas. Wescom Credit Union has signed Foothill Federal Credit Union as the first client for its Disaster Recovery service. The credit union is offering disaster recovery services through one of its CUSOs, Wescom Resources Group (WRG). The CUSO specializes in data...

VISA: Honor All Cards rule doesn't prevent merchant influence

Peter Westerman | July 30, 2002

ARLINGTON, Va. - With the court drawing closer to unsealing the documents involved in the fight with Wal-Mart and other retailers, Visa officials told the American Banker that nothing about the Honor All Cards rule prevented Wal-Mart or the other retailers from influencing customers to use cards with a lower...

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Are debit cards set to unseat credit cards as consumers' preferred plastic card?

Peter Westerman | July 30, 2002

ARLINGTON, Va. - Consumer education and acceptance, combined with acceptance by the credit unions themselves, are the biggest obstacles to what will continue to be a likely steady rise in debit card popularity and usage, according to officials with credit union based card service organizations. "A lot of my job...

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