-
Throughout 2007, the Credit Union Journal, in conjunction with ENCORE Card Services, are profiling the credit unions of each U.S. state and D.C. Rather than appear in alphabetical order, the states are being featured in the order they became states. For info: visit www.encore-ecs.coop.
February 19 -
MADISON, Wis. - When credit unions think in terms of "what do members need" instead of "here's what we have to offer" innovative products, services and business models are born.
February 19 -
GLASTONBURY, Conn. - Open Solutions Inc. announced that Tampa, Fla.-based GTE Federal Credit Union successfully implemented Open Solutions' data processing platform, The Complete Credit Union Solution and other complementary products. With more than $2 billion in assets, 39 branches and approximately 250,000 members, GTE's footprint continues to expand, both through acquisitions and aggressive member growth. Open Solutions' DP platform is now the core technology for all of GTE's product and service delivery initiatives.
February 19 -
ALEXANDRIA, Va. - A former ATM technician at Central Virginia FCU who was convicted of looting the credit union's ATMs was banned from the credit union industry by NCUA. James Allenson, of Lynchburg, Va., was found guilty of grand larceny for stealing from the credit union's ATM last year. Also banned were; Larry Shoenbeck, former CEO of First Century FCU, for embezzling $14,250 from the Sioux Falls, S.D., credit union; Robert Williams, former manager of Philadelphia Postal Workers CU; and Donna Delauder, former financial card services rep at MacDill FCU. (c) 2007 The Credit Union Journal and SourceMedia, Inc. All Rights Reserved. http://www.cujournal.com http://www.sourcemedia.com
February 19 -
HOUSTON - With the American savings rate at a negative 1% this year and margin spreads thinner than a runway model, CUs are trying to attract new money with a variety of products and promotions.
February 19 -
BIRMINGHAM, Ala. - Several area African-American parishes are planning to combine their credit unions into a single community development institution.
February 19 -
ALEXANDRIA, Va. - The NCUA Board, which has been steadily expanding parameters for field of membership to include multiple counties encompassing millions of people sprawled across state lines, drew the line last week on community charters when it rejected a bid for a statewide charter.
February 19 -
MILWAUKEE, Wis. - It's a "MySpace thing" for one credit union when it comes to growth, with strategy that includes financial education mixed with the sounds of the CEO's 1970s band.
February 19 -
Credit Union Journal Subscribers can access all content from the print edition every Monday simultaneously with its publication at www.cujournal.com. Additional resources include:
February 19 -
BAKERSFIELD, Calif. - A local businesswoman, her husband and mother were charged with a credit insurance fraud that took a couple of local credit unions and CUNA Mutual Group for hundreds of thousands of dollars.
February 19 -
ORLANDO, Fla. - Digital Check Corporation announced record results in 2006 for revenues and shipments of its TellerScan series of check scanners at the BAI TransPay conference. Company revenues for 2006 grew by more than 100% over the previous year. Another milestone for the TellerScan brand was surpassing 100,000 units shipped into distributed capture markets worldwide.
February 19 -
LAS VEGAS - In what may be a first in disaster recovery technology for credit unions, Clark County CU (CCCU) here is unveiling a new hot site, built and maintained entirely by staff members.
February 19 -
WASHINGTON - The banking lobby has stepped into the decades-old fray between state-chartered credit unions and the Internal Revenue Service on the Unrelated Business Income Tax (UBIT), trying to muddy the waters, and, according to CUNA, harass credit unions.
February 19 -
-
FRISCO, Texas - IntegraSys announced it has completed the first three platforms of the system-wide technology refresh of its Credit Union Business Environment (CUBE) core processing system. With in-house and service-bureau delivery options, CUBE leverages Microsoft technologies to provide credit unions with maximum flexibility through its open architecture, integration capabilities and unprecedented ease-of-use.
February 19 -
LOMBARD, Ill. - Study after study shows credit unions enjoy greater loyalty among their members than banks do with their customers-but one industry expert suggests being better than banks isn't enough.
February 19 -
DENVER - Bellco CU always took for granted that its borrowing members were the most profitable.
February 19 -
-
ATLANTA - Credit bureau Equifax announced it has agreed to acquire TALX, the St. Louis-based provider of employment verification and related payroll services, for stock and cash valued at $1.4 billion.
February 19 -
