-
DALLAS - Tales of credit card stock's demise in the fact of the massive data breach at TJX have been somewhat exaggerated, according to several card processors.
February 12 -
MADISON, Wis. - Five delegates from the Iowa Credit Union League spent a week in Panama to support the educational and lobbying initiatives of Panama's credit union league (COFEP) to establish credit union regulation. The visit grew out of the leagues' international partnership through World Council of Credit Unions.
February 12 -
ONTARIO, Calif. - CO-OP Financial Services has created the Compromised Card Activity report to enable card issuing clients to review activity for at risk card numbers identified through Visa CAMS or MasterCard Alerts. The report, which is available in a password-protected section of CO-OP's website (www.co-opfs.org), is updated daily.
February 12 - Texas
DALLAS - TNB said ended 2006 with the acquisition of 21 credit card portfolios it purchased from credit unions across the U.S. Most recently, it acquired portfolios from Northeast Panhandle Teachers FCU of Perryton, Texas; Southern Lakes CU of Kenosha, Wis.; American FCU of Mission Hills, Calif.. and Saugus FCU of Saugus, Mass.
February 12 -
TALLAHASSEE, Fla. - Credit Union 24, the credit union-owned ATM and POS network, has completed its switch-processor conversion from Fiserv EFT to Fifth Third Processing Solutions.
February 12 -
NCUA Chairman JoAnn Johnson was a guest on "Home & Family Finance Radio," the weekly personal finance radio show produced by CUNA. She talked about the importance of financial education and the free educational resources available to consumers on www.mymoney.gov. The segment will air on the show's Feb. 18 broadcast (3 p.m. EST), which can be streamed live on the Radio America network, www.radioamerica.org or downloaded afterward via www.cuna.org. At left is NCUA's John McKechnie. (c) 2007 Credit Union Journal and SourceMedia, Inc. All Rights Reserved. http://www.cujournal.com http://www.sourcemedia.com
February 12 -
-
DALLAS - TNB said ended 2006 with the acquisition of 21 credit card portfolios it purchased from credit unions across the U.S. Most recently, it acquired portfolios from Northeast Panhandle Teachers FCU of Perryton, Texas; Southern Lakes CU of Kenosha, Wis.; American FCU of Mission Hills, Calif.. and Saugus FCU of Saugus, Mass.
February 12 -
Notes from CUNA Mutual CEO Jeff Post on company's 2006 financials:
February 12 -
WEST MIFFLIN, Penn. - The first runner-up in the Frankies goes to Century Heritage FCU, which, by coincidence, does a terrific job of communicating the century of heritage that credit unions have.
February 12 -
ATLANTA - Since 2004, usage of debit cards by small businesses has increased, according to a recent research study by Synergistics Research Corp., entitled, "Marketing Small Business Checking Accounts."
February 12 -
-
WASHINGTON - CUNA reported that credit unions ended 2006 with a record amount of capital-11.4%, even as CUs around the country were giving away much of their reserves by the millions in year-end bonuses and extraordinary dividends.
February 12 -
-
The Wichita Eagle did a story about Mid American Credit Union, Catholic Family Federal Credit Union and the Wichita branch of America's Christian Credit Union sharing branches. Marilyn Wells, Catholic Family Federal's president, said it's the only branch expansion option for her 4,000-member, $21.9-million institution. Mid American also has arrangements in place with Central Star Credit Union and First Choice Credit Union to do shared branching. "Once we can get this rolling a bit... this thing is going to start snowballing," added Wells.
February 12 -
MADISON, Wis. - The number of remittances paid out in 2006 by World Council of Credit Union, Inc.'s (WOCCU) International Remittance Network (IRnet) increased by 30.8% over the previous year, totaling more than $480 million-up from about $384 million in 2005.
February 12 -
ENGLEWOOD, Colo. - Card issuer Dynamic Card Solutions said that Maryland-based Tower FCU has chosen its CardWizard to instantly issue debit cards to its more than 115,000 members. Following a pilot program, Tower placed CardWizard in all of its branches and trained 75 team members on the system. Since introducing the system last year, the credit union has instantly issued more than 9,500 debit cards.
February 12 -
WASHINGTON - The dwindling number of credit unions still offering guaranteed student loans are poised for yet another hit after President Bush proposed as part of his budget last week to slash federal subsidies for the loan program by billions of dollars.
February 12 -
SAN ANTONIO - With credit unions being urged to leverage their "trusted relationships" with members and cash in on the "graying of America" by offering investment services, can it actually work in practice?
February 12 -
SACRAMENTO, Calif. - The Golden 1 Credit Union paid more than $4 million in annual rebates to its Visa cardholders. The 1% cash rebates were paid for qualified purchases made with a Golden 1 Visa card during 2006.
February 12
