MINNEAPOLIS – U.S. Bank and Visa introduced a new way for customers to make purchases using their mobile phone – simply waving their phone in front of a Visa payWave contactless payment terminal to pay.

ST. PAUL, Minn. – The 3M Company announced yesterday its Non-Metallic Foil technology has been accepted for use by MasterCard for credit, debit and gift cards, giving credit unions and banks the option of cards with a metallic-like finish.

ENGLEWOOD, Colo. – DataCard Corp. said its recently acquired Dynamic Card Solutions unit has been granted a U.S. patent on instant issuance printing technology for unembossed “flat” financial cards.

HOLLYWOOD, Calif.-With member borrowing way down and deposits continuing to flow in, AFTRA-SAG FCU is asking large depositors to move their money to another institution.

SACRAMENTO, Calif.-Credit union CEOs continue to react to NCUA's proposal that natural-person CUs be limited to membership in a single corporate, and that membership fees be charged, with most noting there are numerous related issues involved.

CINCINNATI-NCUA's proposal to assess privately insured credit unions for a portion of the costs in preserving the corporate credit union system has generated mixed reaction.

ANAHEIM, Calif.-Conditions remain far from golden in the Silver State, according to the new chairman of the Nevada Credit Union League.

WASHINGTON-An uptick in indirect auto lending losses has NCUA and its field staff paying closer attention to CU partnerships with car dealerships.

NCUA Shuts 8 Branches

WASHINGTON-The third quarter revealed some positive signs for CUs, including the best third quarter for loan activity in the last five years and net income growing to $3 billion, well above the $1.2 billion net income tallied in all of 2009.

ANAHEIM, Calif.-Managing risk became something of a lost art in the last decade, when loan controls and caution were tossed aside, which is a big reason why so many financial institutions are in trouble today.

ANAHEIM, Calif.-Keeping the interests of credit unions top of mind for legislators in Sacramento, Calif. and Washington is a priority for Eileen Rivera, the new chairman of the California CU League.

CONGRESS FOCUSES ON CORPORATE CU BAILOUT

NCUA Changes Board Meeting Date...

NEWPORT BEACH, Calif.-Jack Antonini became CEO of the National Association of Credit Union Service Organizations on Dec. 1, and he believes credit unions would make even greater use of CUSOs if only they knew the benefits.

ATLANTA-The profitable small business market has been drawing various non-traditional lenders into the competition for the credit business of this important segment. According to a recent survey this could constitute a significant threat for traditional lenders.

ENDICOTT, N.Y.-Retailers weren't the only beneficiaries of strong post-Thanksgiving consumer demand. At least two CUs held Black Friday specials, one netting 700 loan apps and another 585 new members.

LIVONIA, Mich.-The "Right At Home" DVD and website from the Michigan CU League has received the Association for Financial Counseling and Planning Education (AFCPE)'s Outstanding Consumer Information Award. It was produced by CU Village, a subsidiary of the league, and made possible in part by funding from the National CU Foundation.

January

WASHINGTON-A new analysis suggests credit unions will be paying the cost of rebuilding their deposit insurance fund in the wake of both natural-person and corporate CU failures for at least another 11 years.