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Cleaning out the notebook: CU perspectives from the Best Practices in Retail Financial Services Symposium; Ludwig on what he would do if he were a bank manager today; and more.
May 24
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SAGINAW, Mich. – Catholic FCU awarded a total of $143,600 in scholarships to 300 students this year, topping the $1 million mark in college grants.
May 23 -
BROCKTON, Mass. – HarborOne CU has awarded 10 graduating high school seniors $1,000 scholarships each.
May 23 -
CORDOVA, Tenn. – HealthNet FCU opened a new main office last week that includes a branch office with drive-up service, a night depository and ATM.
May 23 -
ASTON, Penn. – Sun FCU has rolled out a payday loan program, called Sun On Your Side, as part of the credit union’s expansion into underserved communities surrounding its West Lawn branch near Reading.
May 23 -
LATHRUP VILLAGE, Mich. – Michigan First CU will open a new branch today in a Meijer store in Rochester Hills, the third new branch opened by the $550 million credit union in the past nine months.
May 23 -
ENDICOTT, N.Y. – Visions FCU has rolled out an enhanced mobile test and banking program the provides members with access their savings and loan balances, and allows them to transfer funds and make loan payments directly from the Visions mobile banking site, using almost any cell phone.
May 23 -
WEST JORDAN, Utah – Mountain America CU has installed Memento Inc.’s Memento Security platform to combat deposit account fraud and improve compliance operations.
May 23 -
WEST PALM BEACH, Fla. – Credit Union Journal is now accepting nominations for its 2010 Best Practices Awards.
May 23 -
FRANKFURT, Ky. – In the latest court ruling over the long-time battle over field of membership, the Kentucky Supreme Court last week struck down a lower court ruling barring community-based charters.
May 23 -
MONTPELIER, Vt. – Vermont on Friday became the first state to pass legislation limiting the interchange fee on credit and debit card purchases, a week after the Senate approved a similar provision as part of the mammoth financial overhaul bill.
May 23 -
WASHINGTON – Visa and MasterCard, dominated by the big banks, stepped out into the open to combat new standards on interchange fees which had been largely led so far by community banks and credit unions.
May 23 -
PITTSBURGH – Saying the similar names are confusing its members, Clearview FCU, formerly a US Airways employees credit union, last week filed suit in federal court claiming the adoption of the name Clearview Credit, Inc., by a Florida credit counselor infringes on the credit union’s copyright and trademark.
May 23 -
PLEASANTON, Calif.-Javelin Research's "6th Annual Card Issuers Safety Scorecard" offered these tips for boosting the CU's fraud safety score.
May 23 -
ALEXANDRIA, Va.-NCUA had more bad news for credit unions last week, announcing it has added eight more credit unions to its troubled list and set aside an additional $170-million to cover losses at natural-person credit unions.
May 23 -
"Credit unions can be more exposed to fraud loss due to their funds-availability policies, which are based on the premise that credit unions are smaller and know their members better," said the general manager of banking solutions for Memento Security.
May 23 -
ROCKVILLE, Md.-TriGeo does more than aggregate logs and detect network violations, said Ted Carmack, information services manager at Energy FCU.
May 23 -
BROCKTON, Mass.-HarborOne's three-year technology transformation started in early 2009 with an infrastructure overhaul, said Wayne Dunn, SVP and CTO. "For example, we moved from physical servers to virtualization and a Storage Area Network. We put in a Multiprotocol Label Switching connection."
May 23 -
LEXINGTON, Ky.-Regulation E may pose a threat to courtesy pay revenue, but it also had a strange side-effect at Metro Employees CU.
May 23 -
Thanks to social media, Navy Federal has begun to hear from an entirely new segment of its membership: members who use Twitter aren't they type of people who call in or visit a branch, said Strahle.
May 23