Members of the $332 million Lafayette Federal Credit Union began to receive their charter conversion ballots and the disclosure packets that accompany them last week. The CU also took the somewhat unusual step of posting them on its Web site (www.lfcu.org) for the public to access. As has become customary,...

Shaping up and shaking down credit union card programs to better protect them from fraud means paying attention to a seeming universe of details--and not taking anything for granted.

In what has shaped up to be a classic Washington legislative battle, House and Senate conferees working on this year's defense authorization bill are wrestling as of press time over whether to cap the interest rates payday lenders can charge military members at 36%.

Union Financial Services, the organization, which tried to get a start as a credit union-owned industrial loan corporation formed to purchase credit union credit card portfolios, has instead applied to become a bank with ties to the credit union industry that will purchase credit union card portfolios.

The $8 million First Delta Federal Credit Union celebrated its 25-year anniversary on Sept. 8, recalling its quarter century of helping one of the poorest corners of the U.S. to develop economically.

Members of the $332 million Lafayette Federal Credit Union, headquartered in Kensington, Maryland, began trying to come to grips last week with the news that their credit union had applied to convert to a mutual thrift charter.

MasterCard International has taken steps, which it hopes will placate merchants and take some wind out of the sails of its critics.

Thirty-four high school seniors from around the country have been awarded a total of $50,000 toward their college tuition thanks to the Education Exchange college grant program offered by Fiserv's EFT ACCEL Network.