Five years ago, the attitude of many credit unions toward their credit card portfolios resembled that of some farmers toward their cattle. The farmers turned the animals loose on acreage and, as long as the fences were mended and there was plenty of water, more or less forgot about them...

Contactless payments, long viewed with skepticism by many in the U.S. card industry, are poised to grow sharply in the next 18-24 months, according to a Visa USA executive.

The Chinese government has turned to the World Council of Credit Unions for help in establishing credit unions in the poorest of the country's provinces. The Chinese have authorized the beginnings of credit unions, known as rural credit cooperatives.

Procura LLC, a CUSO owned by WesCorp, PSCU Financial Services, Callahan and Associates and Members Development Company, LLC, suggests that credit unions are missing a card opportunity in so-called purchase cards. Purchase cards are usually branded with either a Visa or MasterCard, but differ from the usual corporate or small...

Some of the ongoing controversy on the board of the $1 billion Polish and Slavic Credit Union will head to the credit union's members in May when they will participate in a board election that will pit current board members against former board members.

The $730 million Oregon Community Credit Union has rolled out a checking account that refunds members' ATM fees as long as the member meets some qualifying criteria.

By DAVID MORRISON Credit Union Times Staff Reporter

Breaking with previous practice and signaling its new commitment to more transparency, Visa USA has gone public with its interchange schedule that took effect on April 14.