DES MOINES, Iowa -- More credit unions should have access to payroll cards now that TMG has decided to roll out its payroll card product industrywide.

The payroll card product, called ATIRApay, is part of the card processing CUSO's ATIRA line of prepaid cards and the CUSO has been testing it since its soft launch in 2007, TMG said.

During the test period more than 40,000 U.S. employees started using the cards, the CUSO reported. In that time, the CUSO tested the product and enhanced its functionality.

"It costs an average of $2 to $20 per employee to process traditional payroll checks," said Jeff Falk, TMG director of product development. "Employers looking to save that expense are finding ATIRApay a great solution. Not only does this solution provide a cost savings for the employers, it provides employees faster access to their cash, eliminating the need for locating check cashers. The card also provides a way to enhance the services credit unions provide to their members."

Andrews FCU Offers Webcast Edification

SUITLAND, Md. -- Andrews Federal Credit Union is making it easy for its members to become financially savvy.

The credit union has launched a series of free financial Webcasts through its Online Education Center. Each is approximately five minutes in length and highlights various financial topics like budgeting, credit management, teaching kids about money and college planning.

The move is part of Andrews Federal's plan to make financial education resources accessible to more members.

"We all lead busy lives. Although we do provide a variety of in-person seminars, the Webcasts give members the flexibility to gather the information they want on their time. It also provides a more personalized approach since the facilitator for each Webcast is an Andrews Federal staff member," said Andrews FCU Member Education Director Suzanne Curren.

Considered an integral part of Andrews Federal's mission the educational seminars offer practical information such as worksheets and interactive guides for members.

SIU CU Names President/CEO

CARBONDALE, Ill. -- The board of directors at SIU Credit Union has appointed Dennis Schaefer president/CEO.

Schaefer has an extensive credit union background. He has worked as the loan department manager at DeKalb County Teachers Federal Credit Union in Atlanta, was CEO of State Employee Credit Union in New Orleans and served as vice president and chief lending officer at First Community Credit Union in Houston.

Schaefer has also earned multiple certificates, including CUNA mortgage school, CUNA business lending, Credit Union Executive Society business lending, AIB consumer lending, Rex Johnson lending and Brett Christiansen subprime lending.

Schaefer graduated from Southern Illinois University in Carbondale in 1977 and currently lives in West Frankfort.

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