ATLANTA - On its surface, the concept of converting non-interest earning assets to those that actually earn interest and reduce the reserve requirements at the Federal Reserve Banks and be in compliance, sounds almost too good to be true. But a number of credit unions are doing just that through...

ARLINGTON, Va. - In a development which some credit union card issuers might incorporate into their card marketing programs, the nationwide move to higher credit card fees continued in 2004. Cardweb.com has reported that Americans shelled out billions in credit card fees last year. The site (http://www.cardweb.com) tracks credit card...

ST. PETERSBURG, Fla. - Three multi-billion dollar credit unions have recently signed processing extensions with PSCU Financial Services, the card processing firm which serves over 500 credit unions which process their transactions through First Data Corp. The three are the $7 billion Pentagon FCU, headquartered in Alexandria, Virginia; the $1.4...

I always enjoy reading Mike Welch's columns, but I was particularly enlightened by his Dec. 8 column entitled "There are lots of Good and Bad ideas Involving CUs." His comments regarding shared branching were interesting, but it appears that, unintentionally, the discussion left the impression that "the two major" shared...