Fintech

After being elected to the Glendora City Council in March, Mendell Thompson, president and CEO of $303 million America’s Christian Credit Union, was able to make an immediate positive impact for local CUs.

The concept of a multi-merchant rewards program appeals to cardholders, but the widely advertised Plenti program managed through American Express has not yet reached its potential, according to new data from Auriemma Consulting Group.

Wilmington,Del-based The Bancorp Bank has agreed to pay $4.3 million on charges brought by the Federal Deposit Insurance Corp. that the prepaid card issuer deceived consumers.

WASHINGTON — The Bancorp Bank in Wilmington, Del., has agreed to pay $4.3 million on charges brought by the Federal Deposit Insurance Corp. that the prepaid card issuer deceived consumers.

The Federal Deposit Insurance Corp. announced settlements Wednesday with student banking business Higher One of New Haven, Conn., and WEX Bank of Midvale, Utah, for deceptive practices in the marketing of college and university debit accounts.

NCUA approved four new credit union charters in 2015, continuing the trend of seeing just a handful of new CUs joining the ranks. As part of Credit Union Journal’s Year in Review, we recap this year’s crop of de novo charters and explore why there are so few of them.

WATERFORD, Conn. – Charter Oak Federal Credit Union on Tuesday said it has awarded more than $438,000 in annual $100 cash bonuses to its Gold Rewards members in December – a new record for the $914 million credit union.

In an effort to expand its digital banking platform, 1st Advantage Federal Credit Union added Fiserv's Mobiliti mobile banking, Popmoney person-to-person payments and remote deposit capture.

MADISON, Wis. – Compensation for credit union boards of directors divides many in the CU movement – it was part of an extensive CU Journal Special Report last year and a study from Filene Research Institute earlier this year added to the conversation about this complex issue.

One in every three card-present transactions globally from July 2014 to June 2015 involved an EMV-chip card, according to EMVCo.