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Subprime Card Issuer Agrees To Refunds

Peter Westerman | December 21, 2008

WASHINGTON -- A card issuer that marketed Visa and MasterCards specifically to the subprime market will have to reverse more than $114 million it charged cardholders in fees, as part of a settlement reached with the Federal Trade Commission.

Visa Repurchases Stock to Fund Litigation Escrow

Peter Westerman | December 21, 2008

NEW YORK -- Visa USA has announced the repurchase of over $1 billion worth of its class B shares, currently held by credit unions and banks which issue Visa, to fund an additional deposit into an escrow account set aside to cover legal expenses.

Biden to Lead Administration's Focus on the Middle Class

Peter Westerman | December 21, 2008

WASHINGTON -- Vice President-elect Joseph Biden will chair a task force to come up with policies aimed at improving the conditions of the nation's middle class, the transition team announced yesterday.

LGFCU Loans Paid for Grant and Lee

Peter Westerman | December 21, 2008

RALEIGH, N.C. -- Grant and Lee are not only names known for the war between the North and South; Local Government FCU also paid of loans for members Richard Grant and Kelly Lee.

12/22 Peter Bernard - Members Health Network

Peter Westerman | December 21, 2008

Peter Barnard, CEO Members Health Network discusses Health Savings Account value and opportunity for Credit Unions, small business and SEGs. ...

Automakers Get $17.4 Billion Lifeline

Peter Westerman | December 18, 2008

WASHINGTON - The struggling domestic automatic industry received a temporary reprieve today when the Bush administration announced a $17.4 billion loan package.

Peroutka New Coca-Cola CU President

Peter Westerman | December 18, 2008

ATLANTA --Tthe $131 million Coca-Cola Family Federal Credit Union announced Friday it has named AnnLouise Peroutka as its new president effective Jan. 5 with CEO Dan McCue taking a job at Alaska USA FCU in Anchorage.

NCUA Extends Deadline for CU HARP Applications

Peter Westerman | December 18, 2008

ALEXANDRIA, Va. - Credit unions wanting to apply for loans to help them rewrite mortgages of their low- and middle-income members now have until December 29 to do so.

Jack Henry Debuts 'Micro Business Capture'

Peter Westerman | December 18, 2008

MONETT, Mo. - Jack Henry & Associates is now offering what it calls a "micro business" check capture solution for small businesses and consumers.

PA High Court OKs Belco Community Charter

Peter Westerman | December 18, 2008

WASHINGTON - The Pennsylvania Supreme Court ruled that Belco Community Credit Union can keep its community charter that allows it to recruit members in a seven-county area in Central Pennsylvania.

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Subprime Card Issuer Agrees To Refunds

Visa Repurchases Stock to Fund Litigation Escrow

Biden to Lead Administration's Focus on the Middle Class

LGFCU Loans Paid for Grant and Lee

12/22 Peter Bernard - Members Health Network

Automakers Get $17.4 Billion Lifeline

Peroutka New Coca-Cola CU President

NCUA Extends Deadline for CU HARP Applications

Jack Henry Debuts 'Micro Business Capture'

PA High Court OKs Belco Community Charter

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