News

MADISON, Wis. - CUNA Network Service's newest strategic tech partner has turned into a 5% equity owner. About a month ago tech giant EDS became a CNS strategic partner for Net banking and other online services, replacing FundsXpress which had a three-year relationship with CNS. At press time during EDS'...

SOPHIA, Bulgaria - A press conference by the World Council of Credit Unions (WOCCU) marked the beginning of the organization's second year of a three-year project in Bulgaria, according to Project Director John Keane. The press conference was tied in with International Credit Union Day. There are currently over 100,000...

LONDON, U.K. - The English Department of Trade and Industry (DTI) is tackling the loan shark problem by modernizing the Consumer Credit Act of 1974. As the European Union also looks at ways to deal with the same problem, the Association of British Credit Unions Ltd. (ABCUL) says the strategy...

INDIANAPOLIS - More and more tech-savvy CUs are leveraging their considerable in-house tech talent to create tech CUSOs. FORUM Credit Union has done just that, and is really starting to roll. In September of last year the CU formed FORUM Solutions. The CUSO has grown to include seven full-time employees...

TUCSON, Arizona - Though recent events have led to a sharp decline in business travel, nothing was going to stop XP Systems clients from missing the firm's annual users conference - especially with what was in store for them this year. Over 600 XP users, a record number, attended the...

SYDNEY, Australia and AUCKLAND New Zealand - The term "people's bank" isn't used much in the U.S., but the term which refers to a government-sponsored bank that brings financial services to those that are not served by traditional financial institutions, has begun to circulate in Australia. In New Zealand it's...

COLUMBIA, S.C. - Autumn is in full swing, and the sound of crunching fills the air - from leaves underfoot and on the desks of IT managers around credit union land as they work the numbers of their 2002 budgets in preparation for approval by their bosses and their boards....

COLUMBIA, S.C. - Computer crimes - including viruses, worms and denial-of-service attacks along with actual theft of information and assets - continue to soar, and while a price tag is hard to place on the damage, there is an intangible cost that credit unions particularly should fear, experts say. "Members...