Although some credit unions believe that the one-third interchange cut for signature debit transactions would remain in place, industry executives say the a new interchange rate for signature debit is being negotiated now and will go into effect after Jan. 1, 2004. The 33% rate cut in the interchange rate...

WASHINGTON-The bulk of the largest political contributions from the Credit Union Legislative Action Council of CUNA went to Republicans during the month of May, still very early in the 2003-2004-election cycle. Representative Marsha Blackburn (R-Tenn.), a House Judiciary Committee member; House Financial Services Committee member Ed Royce (R-Calif.), father of...

EAST LANSING - The biggest contemporary issue most credit unions have with the disabled is the upgrading of their fleet of ATMs to comply with the regulations mandated by the Americans With Disabilities Act. One credit union, the $1 billion Michigan State University FCU, has upgraded its ATMs for use...

MADISON, Wis. - When UW Credit Union sought out locally-based First Business Bank to offer trust and investment services to its mostly University of Wisconsin membership base, one prominent factor stood out: no competition overlap. UWCU recently partnered with First Business Trust & Investment Services, a division of First Business...