More confusion than clarity appeared to mark the House Judiciary Committee's Antitrust Task Force's first foray into the topic of credit card interchange on July 19.

Programs that seek to protect credit union members from the full impact of checks drawn on insufficient funds are both a significant source of non-interest income for CUs and the subject of continuing scrutiny.

Credit unions which rely on credit card interchange for part of their non-interest income are probably safe to go for at least the next decade if not forever, according to banking and financial industry experts.

The 4.5 billion Alliant Credit Union, formerly the United Airlines Employees Credit Union, has moved its 46,000 credit card accounts from Fidelity National Information Services to PSCU Financial Services.

Even though bank robberies overall increased relatively slightly, from 6,957 in 2005 to 7,272 in 2006 (4.5% for the year), robberies at credit unions jumped far higher than robberies at banks, according to numbers collected by the Federal Bureau of Investigation.

Minnesota's Plastic Card Security Act is set to go into effect on August 1 and it has already begun to have an impact on cardholder peace of mind, according to a story in the <em>Minneapolis Star Tribune</em>.

The Office and Professional Employee International Union and policy holders who oppose CUNA Mutual Group's move to the merge the CUNA Mutual Insurance Society, headquartered in Wisconsin, with the CUNA Mutual Life Insurance Company say they will not litigate for the ability to the list of the life insurers' policyholders.

The Office and Professional Employee International Union and policy holders who oppose CUNA Mutual Group's move to the merge the CUNA Mutual Insurance Society, headquartered in Wisconsin, with the CUNA Mutual Life Insurance Company say they will not litigate for the ability to the list of the life insurers' policyholders.