News

Judging from the technology advances in the checking industry, share drafts aren't going to be going away any time soon. Read about some of the initiatives being taken in a special report on pages 18-20.

ATLANTA, Ga. - Checking accounts remain the key to credit unions becoming members' primary financial institution, but that might be one of the few things that has remained constant about checking accounts. In fact, as findings from a recently conducted survey show, checking accounts are not necessarily profitable in and...

MADISON, Wis. - Credit unions still have a little ways to go still, but for the first time in five years they are approaching the 50% mark in share draft account penetration among their members. After sitting in the 30% range from 1996 until 1999, credit unions broke the 40%...

PHOENIX, Ariz. - After months of dealing with and getting over bureaucratic hurdles from the Federal Reserve Bank, FirstCorp has announced a partnership with Integrated Payment Systems (IPS) for the corporate credit union to act as a national clearing point for business checks credit unions use for accounts payable and...

SAN DIEGO - For North Island Financial CU, the decision to sign up for Deluxe Corp.'s full program of DeluxeSelectT came down to one thing: a way to increase the CU's penetration rate among its more than 183,000 members of NIFCU's share draft services and boost members' use of their...

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Former CUNA Mutual Group President/CEO Bob Curry and former Navy FCU President/CEO Tom Hughes have retired from the industry, but certainly aren't sitting around and watching the grass grow. Find out what they're up to.

KANSAS CITY, Mo. - With a goal of helping insurers better compete in the marketplace, the National Association of Insurance Commissioners is working on an Interstate Compact Working Group. Still in the draft stage the working group provides uniform standards and a single point of filing for annuity and life...