News

AUCKLAND, New Zealand - Rick Barker, Member of Parliament and Labour Whip has been named Credit Union Person of the Year by the New Zealand Association of Credit Unions (NZACU) at their Annual General Meeting. Barker gave Credit Union Times an exclusive interview to discuss the honor. The problems with...

SYDNEY, Australia - Australian banks are having their perception problems while credit unions down under constantly get excellent ratings for service, community involvement and general caring. Nothing shows this more than the very successful Gateway Credit Union. What makes Gateway unusual is that it started out to serve bank employees....

O'Rourke Sacher & Moulton's Fifth Annual Best Practice winners are highlighted on page 4.

It's been eight years since CUSC made the first interstate share draft transaction by a shared branching network. How have things changed the company and the check payment system since then? Find the answers and other information on share drafts on pages 14 and 15.

WASHINGTON - All indicators show e-commerce is gaining in popularity, but don't shred those paper checks yet. Paper checks are likely to continue as a dominant form of consumer payments, says the Fed, and the agency is readying to implement a check modernization initiative to develop more efficient ways to...

WASHINGTON - Whatever the long-term effects of the Fed's plans to adopt a single standard for MICR detail transmission, the short-term ramifications are sure to include some change in practices by item processors. The Fed's standard will conform to the ANSI ASC X9.37 format. It plans to have the standardization...

ATLANTA - It's been eight years since Credit Union Service Corporation (CUSC) made the first interstate share draft transaction ever performed by a credit union shared branch network, but CUSC's Chief Operating Officer Scott McCall remembers the details of the historic event as if it happened yesterday. The first transaction...

WASHINGTON - Financial experts have been talking for years about the advent of the checkless society, but despite technological advances paper checks have remained a dominant form of consumer payment. Consumers still haven't entirely gone checkless, but new data collected by the Federal Reserve System suggest that in their effort...