News

NEW YORK - Wow. Credit unions are a force to be reckoned with online according to a recently-released Bank Technology News online banking report. Bank Technology News ranked the top 123 financial institutions in terms of number of online users -sixty of which were credit unions. The top 25 institutions...

PARIS - Laughter echoed through the dining room of the Meridien Hotel in Montparnasse when writer, British television personality and cricket wife Francis Edmonds gave a motivational speech. She cited credit unions as doing great work, helping people to help themselves, but she also drove home some core values. Edmonds...

PARIS - If the new technology has created opportunities it has also created legal problems and affected the way credit unions and all businesses operate. Because the Internet knows no borders, things like trademark issues can become major problems, said Eugenia Carter, an attorney with LaFollette, Godfrey and Kahn who...

The Code Red worm has snarled traffic on the Internet and in other networks by infiltrating hundreds of thousands of servers. How did it accomplish that? Here's an explanation from Rick Fleming, vice president of security operations at Digital Defense Inc. in San Antonio, Texas: "The Code Red worm works...

COLUMBIA, S. C. - The Internet has made inexpensive investing available to anyone with a computer and modem, and numerous competitors, new and old, are now vying for the business of increasingly Web-savvy credit union members. Retaining those members, their loyalty, and their assets may be increasingly challenging in such...

WASHINGTON - Credit unions should not be limited in how they electronically communicate with their members for delivery of online financial services, say CUNA and NAFCU. In comment letters to the Fed, the two trades pounded home this point. Gramm-Leach-Bliley required that the Fed undergo a study and prepare a...

PARIS - Credit unions in the United States might ask what the European Union (EU) has to do with them. But at the World Council of Credit Unions' (WOCCU) fifth annual leadership institute, the lessons learned in forming the European Union can apply to any movement. Both the credit union...

PARIS - Consumers may be tiring of hearing news about the state of the economy, but attendees at the World Council of Credit Union's (WOCCU) fifth International Credit Union Leadership Conference had the opportunity to hear a lively exchange of opinions on the U.S. and international economy as an American...