ARLINGTON, Va. - Now there are three credit unions actively seeking to change their charters to those of mutual banks. The $24 million Marcy Federal Credit Union based in New York is the latest to file with the Office of Thrift Supervision late in June. According to NCUA, Marcy FCU...

WASHINGTON - Fidelity National Information Systems, the firm which processes credit card transactions for the greatest number of credit unions, is teaming up with Card Services For Credit Unions and the Independent Community Bankers of America to educate banks and credit unions about fraud prevention tools they can use to...

MADISON, Wis. - Credit unions need to plan to serve Hispanic members over the long haul and recognize that that their needs will change over time. That is one of the conclusions suggested by La Oportunidad, a new report from the Filene Research Institute. La Oportunidad means The Opportunity in...

KENSINGTON, Md. - The $331 million Lafayette Federal Credit Union, whose CEO, Michael Hearne, has campaigned to lower the legal barriers to credit unions making small business loans, has applied to convert to a mutual bank, according to the Office of Thrift Supervision.

ALEXANDRIA, Va. - In a move which will run counter to some of the existing procedures under which some credit unions have changed their charters to those of mutual banks, the NCUA has proposed rules which promise to significantly open the process to more input from members.

COLUMBUS, Ohio - In a move which many CU advocates may consider a model way to convert a credit union to a mutual bank, the $586 million Nationwide Federal Credit Union has announced that it will seek to merge with Nationwide Bank. Nationwide Bank is a newly chartered subsidiary of...

SCRANTON, Pa. - A U.S. District Court has thrown out the case brought by the $2.3 billion Pennsylvania State Employees Credit Union trying to recoup damages from a card data breach. In early 2004, a card data breach at B.J.'s Wholesale Club came to light that was made worse by...

The machines do face some obstacles, Post explained. First, although they look a lot like ATMs, they are not ATMs and members who approach them as ATMs are liable to be confused and frustrated at first, he explained. "We found it was important to have MSRs on hand to guide...