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SAGINAW, Mich. - The $255 million Team One Credit Union's credit card portfolio had surpassed $20 million in receivables, the credit announced, an increase of almost 100% in two years. In December 2002, the credit union's card portfolio had $11.8 million in receivables and has passed $20 million in December...

ST. PETERSBURG, Fla. - Many of the trends which characterized credit unions' card environment in 2004 will continue in 2005, according to card executives, presenting credit unions with many of the same challenges and opportunities. Steve Thompson, director of PSCU Financial Services Advisors Plus Group, expressed a cautious optimism that...

Every time I see the news that another credit union is seeking to change its charter from a credit union to a bank, I always wonder is this change due to a groundswell from the members or at the urging of the CEO. Pretty dumb question isn't it. Has there...

The beginning of the year is often marked by forecasts. Pundits and prognosticators forecast what is in store for every field including sports, business, politics and entertainment. With the responsibility of running an electronic payments business, it is essential to consider what might happen in the months ahead that could...

FT. WALTON BEACH, Fla. - The board has named Phipps McGee as the new president/CEO of Eglin Federal Credit Union. McGee has been with the credit union for more than 26 years. He previously served as executive vice president. "I am confident that Phipps is the best man for the...

SCHENECTADY, N.Y.-First Teachers Federal Credit Union was approved to serve a five-county community and has changed its name to First New York Federal Credit Union to reflect that change. First New York has adopted the community encompassing Albany, Schenectady, Saratoga, Rensselaer and Schoharie counties in New York, according to an...

NEW YORK - Financial systems integrator qbt Systems Inc. continues to gain traction in the credit union industry. It says it has extended its contract with Boeing Employees Credit Union for an additional five years. The $4.8 billion credit union has been using qbt's MultiPoint Integrator since 2002 to connect...

WEST PALM BEACH, Fla. - With the tsunami death toll of over 155,000 and survivors facing the challenges of daily life after the destruction, credit unions are continuing to find new ways to give to relief efforts. In San Jose, California Technology Credit Union has announced it will provide members...