Fintech

USAA has eliminated foreign transaction fees for its credit cards.

To Diebold Inc., the nation’s largest ATM maker, the ongoing shift to omnichannel commerce is as much a threat as it is an opportunity.

Workers' Credit Union, a $1.3-billion institution based in Fitchburg, Mass., reported it has deposited $3 million into its members accounts this month, based on account and loan balance data for 2015.

Credit Union Journal asked credit union advocates what they would like to say to the men and women running for the White House.

CU Journal asked the state leagues: How does a presidential election year change your political strategy, and does your league get involved in the presidential election (i.e. endorsements, contributions to presidential candidates)? Or do you remain focused on Congressional and local campaigns?

Not only does evidence point to small banks escaping interchange restrictions — as Congress intended — but there are also signs smaller institutions are gaining retail market share because of the exemption.

CUs are ramping up their political efforts in the 2016 race for the White House, seizing a window of opportunity to ride a wave of anti-Wall Street rhetoric and driven by a vital need for regulatory relief.

They are barely out of college, but this young generation of consumers has already shortened payment technology cycles, forced virtual currency into the mainstream, and left processors scrambling to stay relevant.

Advia Credit Union in Parchment, Mich., has agreed to buy Mid America Bank in Janesville, Wis. The $1.2 billion-asset Advia did not disclose how much it will pay for the $84 million-asset Mid America.

Rogue Credit Union paid out a $2.5 million dividend under the CU's first ever "Rogue Rewards Loyalty Dividend" program.