• After 75 years, the $3.2-billion Lockheed Federal Credit Union is prepping its members for a name change in May.

    April 23
  • JACKSONVILLE, N.C.-A 24-year-old Marine who has served multiple tours of duty in Afghanistan and who is a member of Marine FCU here has won a grand prize valued at more than $10,000 as part of a credit card-related sweepstakes. Patrick Slayton was selected from among thousands of entrants in the "A Million & More Sweepstakes" sponsored by FIS and Tampa-based CSCU. The sweepstakes was open to anyone who, over a three-month period, used their ScoreCard Rewards debit or credit card for qualifying purchases.

    April 23
  • CU Members Mortgage Signs 11 CUsDALLAS-Credit union mortgage services provider CU Members Mortgage said it has signed 11 new clients since January: Mississippi FCU, Jackson, Miss.; Mississippi Postal Employees FCU, Jackson, Miss.; Central One FCU, Shrewsbury, Mass.; Central Vermont Medical Center CU, Berlin, Vt.; River City CU, San Antonio; Alamo FCU, San Antonio; Space City CU, Houston; Roanoke Postal Employees FCU, Roanoke, Va.; Veridian CU, Waterloo, Iowa; GESA CU, Richland, Wash.; and Omaha Police FCU, Omaha, Neb.For info: www.cumembers.comMECU Selects VendorINSIGHTCINCINNATI-VendorINSIGHT said $1.1-billion MECU of Baltimore signed with the company for its vendor risk and performance management program.For info: www.vendorinsight.comCorrespondent Lending OfferedNEW BRIGHTON, Minn.-CU Companies, a mortgage services CUSO, said it has developed a correspondent lending channel it will offer to credit unions in Wisconsin, Illinois, Iowa and Missouri.For info: www.cucompanies.comCommercial Alliance HonoredTROY, Mich.-Commercial Alliance, a business lending CUSO that serves 21 credit unions, received the Community Lender of the Year award from the Michigan Certified Development Corp. For info: www.commercialalliance.comProfitStars, ACH Alery Team UpMONETT, Mo.-Jack Henry & Associates said its ProfitStars division has formed a partnership with ACH Alery. As a result, ProfitStars has introduced two new solutions, ACH C.O.P.S. and ACH A.L.E.R.T., to financial institutions using its ACH Client and Enterprise Payment Solutions (EPS) platform.For info: www.profitstars.com or www.achalert.comVINtek Reports GrowthPHILADELPHIA-VINtek, a provider of automotive collateral management services, electronic lien and title (ELT) services, and direct finance processing for automotive lenders, reported revenue growth of more than 15% and almost 500 new clients in 2011, continuing a three-year span of double digit revenue and client growth.For info: www.vintek.com4 CUs Sign On For Prepaid CardsDES MOINES, Iowa-Four CUs have signed on to begin offering prepaid card programs from The Members Group and its sister company Coopera: Cornerstone CU, Des Moines, Iowa, offering ATIRAreload; First Central CU, Waco, Texas, offering the Coopera Card, ATIRAreload and ATIRAgift cards; Randolph-Brooks FCU, San Antonio, offering ATIRAgift; and, Veridian CU, Waterloo, Iowa, offering the Coopera Card and ATIRAreload.For info: www.themembersgroup.com

    April 23
  • Credit Union of Southern California knows its marketing dollars can't be spread equally among all 142 communities it serves, so in 2011 it decided to become more focused.

    April 23
  • SAN FRANCISCO-Consumers are expressing increasing confidence in the economy, with the exception of people in four states and the District of Columbia. The latest analysis from the Money Anxiety Index found consumer financial anxiety in New York, Oklahoma, District of Columbia, Rhode Island and Delaware despite an improvement in the overall financial anxiety level nationally. The state of New York experienced the greatest worsening in consumer financial anxiety in the past 12 months-from 85.8 in April of 2011 to 94.2 in March of 2012, an increase of 8.4 index points. Oklahoma increased from 63.3 to 66.4-an increase of 3.1 index points, the company said.

    April 23
  • Card Services for Credit Unions has named the winners of its Community Outreach Scholarship program, which recognizes and rewards credit unions that are building relationships and giving back in their own communities.

    April 23
  • One Nevada Credit Union's latest auto loan promotion has resulted in 500 loan refinances in fifty days, all of which were from former non-members who had their loans with other lenders.

    April 23
  • Just as legislation is introduced to address the onslaught of numerous lawsuits against financial institutions over ATM disclosures, credit unions may now face a new wave of legal action, this time regarding their overdraft practices.

    April 23
  • ALEXANDRIA, Va.-Pentagon FCU is shopping for credit card holders with outstanding balances at other issuers by offering a 4.99% rate on all balance transfers through June 30-for the life of the balance.

    April 23
  • Oxford FCU, Mexico, Maine, hired Kevin Joler as VP of finance.

    April 23
  • Six people have been issued prohibition orders by the National Credit Union Association.

    April 23
  • San Diego Medical Federal Credit Union has been ranked No. 1 among all CUs nationwide for Average Investment Yield for nine consecutive quarters, but according to CEO Paul Lewis, being on top is not the goal.

    April 23
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  • P2P payments are popping at BECU, giving the credit union a foothold in the emerging mobile payments market.

    April 23
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  • Don't expect credit unions to go completely virtual and branchless, despite the prevalence of online and mobile transactions, according to a number of credit unions.

    April 23
  • L9.com Signs 2 CU ClientsBARRE, Vt.-L9.com, a CUSO that provides web solutions, has signed two new CU clients, while three others are getting redesigns or upgrades. Those CUs include Honda FCU, LGE Community CU, Greylock FCU, Advantis CU, and Andrews FCU. For info: www.L9.com.P2P Offerings CombinedBROOKFIELD, Wis.-Fiserv is combining its two person-to-person payment offerings, Popmoney and ZashPay, and will market the P2P offering as Popmoney. The resulting network will connect 1,400 financial institutions and reach 35 million consumers through their existing online and mobile banking relationships, the company said. For info: www.fiserv.com.IBT To Acquire Beacon SoftwareCEDAR PARK, Texas-IBT has agreed to acquire Beacon Software, Inc., an Atlanta-based company providing web-based technology solutions.Connection Taps FuzeDigitalSILVERDALE, Wash.-The $25-million Connection CU here has selected FuzeDigital's Fuze Suite to house documentation for retrieval and to communicate securely with examiners throughout the audit process. For info: www.fuze.com.CUNA Mutual Selects Wolters KluwerWALTHAM, Mass.-Wolters Kluwer Financial Services has been selected by CUNA Mutual Group to provide it with its enterprise risk management (ERM) solution suite, ARC Logics for Financial Services. For info: www.wolterskluwer.com.Catalyst Signs 1st Mobile CustomerPLANO, Texas-Greater Texas FCU has signed on as Catalyst Corporate FCU's first mobile solution customer. Among other benefits, the Catalyst solution integrates with core systems, is customizable, emphasizes analytics and more.For info: www.catalystcorp.org.Online Banking EnhancedINDIANAPOLIS-FORUM Credit Union has released its newly enhanced online banking system (CU Online), which was developed by FORUM's Technology Group. Enhancements include PFM tools and more. Mich. CU Opts For Biz 2.0MONETT, Mo.-iPay Technologies reported that Michigan-based Community Choice Credit Union has selected its Biz 2.0(tm) small business online bill pay platform.For info: www.ipaytechnologies.com Syphr, IFMG, CarLoan Team UpLOUISVILLE, Ky. Syphr, LLC, a provider of personalized credit management and financial optimization applications, has contracted with Interactive Financial Marketing Group and CarLoan.com. The companies are test marketing a vertically-integrated digital media network focused on CU vehicle lending to payment-conscious consumers.BROOKFIELD, Wis.- Fiserv has won the XCelent Customer Base award from research firm Celent. Fiserv was recognized for the depth and breadth of its customer base, which includes more than 750 financial institutions that rely on the company for anti-money laundering (AML) and fraud prevention solutions. WACO, Texas-Red River FCU has selected Sharetec Systems to be its new core processor. For info: www.sharetec.com.HERNDON, Va.-DigitalMailer has released its newest Software-as-a-Service offering, My Virtual StrongBox. The service lets consumers load important documents into their financial advisors' protected document library using ecure document technology. Northwest FCU, Herndon, Va., has become the first ti sign on. WARREN, Mich.- Member Driven Technologies has converted Preferred FCU, Greenville, Mich., to Symitar's Episys platform. For info: www.mdtmi.com. NEW BRIGHTON, Minn.-The CUSO CU Companies has released a free mobile application for the Apple iPhone for use by its owner CUs. Features include delivery of mortgage rates, educational information including articles and video, and a location-based ATM finder. The app can be customized. For info: www.cucompanies.com.ALPHARETTA, Ga.-Financial Management Solutions said Fort Knox FCU has successfully reversed declining branch efficiency with its workforce optimization solution, the Teller Management System. The CU cited a 21% drop in labor cost per transaction since implementation. For info: www.fmsi.com.

    April 23
  • CoVantage CU wants to stop Google, Apple and Chase from picking members' wallets by offering mobile banking with built-in mobile payments.

    April 23
  • Pentagon FCU Intro's New SiteALEXANDRIA, Va.-Pentagon FCU has introduced a new website at PenFed.org, which it said will dramatically optimize the online user experience for its more than one million members. It said the new site makes completing transactions simpler and faster, as well as introduces a distinctive bold new user interface. The credit union called it the "first step" in creating a new experience online for its membership.FICO Scores Go Mobile At PSECUHARRISBURG, Penn.-Pennsylvania State Employees CU, which has been providing its checking account members with free FICO credit scores the past two years, is now offering the service over its mobile banking channel.has art: Shell ILifeiLife Adds Financial Lit ProgramDEER PARK, Texas-iLife, the online component of Shell FCU's youth program, has now introduced a financial literacy program. The new "Financial Hook UP' section includes information, videos, quizzes and blogs on topics that include saving, checking, budgeting, credit and more. Each topic has text, a video and a short quiz.P&F FCU Intro's Mobile AppPHILADELPHIA-Among the credit unions recently announcing new mobile banking solutions for members are Police & Fire FCU here, which has introduced mobile banking from CU Mobile Apps by Member Service Solutions, a Tennessee-based CUSO. The product's "AppEngine" platform works with both iPhones and Android devices. In Boulder, Colo., Elevations CU is offering free mobile banking apps for iPhone, Android, Mobile Web and Text.

    April 23
  • Members are getting cash-back offers from merchants when they log in to online banking at Vantage Credit Union. The offers are targeted based on the member's history of debit card purchases.

    April 23
  • 1st Advantage Federal Credit Union interviews online members as they log-out of Internet banking, resulting in sales rates that put direct mail and other homebanking marketing to shame.

    April 23
  • Financial institutions are not adequately promoting their mobile banking offerings, according to ath Power Consulting, a provider of financial services research and customer experience strategy development.

    April 23