News

PURCHASE, N.Y. - Beginning on January 1, MasterCard has begun to assess a three basis point fee on all their debit transactions, using MasterCard branded cards, whether validated with a personal identification number or with the cardholder's signature. The .03% Debit Investment Fee is meant to help MasterCard market its...

PULSE is the only ATM and EFT Network in the country that is owned by members who are both banks and credit unions. Credit union and bank CEOs sit on PULSE's board and the association has traditionally used their presence to help it define and articulate positions which it believes...

WASHINGTON - A landmark study of consumer habits conducted by the American Bankers Association and Boston-based Dove Consulting has found that all types of debit transactions have continued to whittle away the percentage of payments held by cash and checks, and that the decline in those two older forms of...

Indirect lending and auto loan promotions helped CUs finish 2003 with strong auto loan portfolios, despite auto manufacturers' continued 0% incentives and rebates. Read up on some of the latest CU auto loan news in a special report on pages 20-23.

See how Chip Filson's love for singing and passion for credit unions made a new patriotic CD a hit in credit union land. Page 6.

Credit unions hold over $144 billion in outstanding auto loans - approximately 39% of the industry's $375 billion loan portfolio While credit unions have had continuing success with used auto loans, new auto loan growth is returning after zero growth in the first half of 2003.

MCLEAN, Va. - Not only are more consumers turning to the Internet to research and purchase vehicles, an increasing number of dealers are also using the Internet to make it earlier for consumers to car shop. An annual survey from the National Automobile Dealers Association (NADA) found that 92% of...

MELVILLE, N.Y. - Members of credit unions throughout Long Island are accustomed to seeing the GrooveCar logo on the doors of area dealerships letting auto shoppers know they are an official GrooveCar dealer and that credit union financing is available to members through them. For a 10-day period this month,...