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ST. PETERSBURG, Fla. - PSCU Financial Services, the card processor for over 500 credit unions that process with Denver-based First Data, has laid off 102 of its employees, 90 from the firm's St. Petersburg headquarters and 12 in other locations. The reduction shrinks the firm's workforce by 12% and will...

When two firms want to merge, or to transfer enough assets to affect a market change, they must file a notification with the U.S. Justice Department under regulations attached to a statute called the Hart-Scott-Rodino law. Under HSR, as it is more commonly known, the firms that wish to merge...

MILWAUKEE - Port Credit Union President/CEO Mike Rosek, recently threw out the ceremonial first pitch of the Milwaukee Brewers-Boston Red Sox game at Miller Park here. Port CU is a sponsor of Milwaukee Brewers baseball broadcasts on WFHR AM radio, the Brewers radio network affiliate in Wisconsin Rapids, Wisconsin. The...

MENLO PARK, Calif. - How prepared is your credit union for the unexpected? A recent Robert Half Management Resources survey finds that more than one-third of chief financial officer respondents report their firms are not prepared for a catastrophic event or other major disruption. RHMR Executive Director Paul McDonald cautions...

COLUMBIA, S.C. - Deploying a key member service remotely through an application-service provider (ASP) is not unique, but increasing numbers of credit unions are adopting a hybrid approach - keeping their core transaction processing in-house while managing online banking and other add-on solutions offsite. For many credit unions, it's an...

PORTLAND, Ore. - Northwest Corporate CU said that its SimpliCD portfolio reached over $100 million at the beginning of this month. SimpliCD is a product of Corporate One's Primary Financial Company LLC CUSO. A number of corporates around the country partner with Primary Financial to offer SimpliCD to their members....

Weyerhaeuser Employees' Credit Union, Longview, Wash., Vice President of Lending Michelle Klemetsrudhas recently celebrated 30 years of service. To mark this milestone, staffers dedicated a daylong celebration in Klemetsrudhas' honor at WECU's main branch. Capital Communications Federal Credit Union, Albany celebrates its golden anniversary this year. For the past 50...

There's more than data processing mergers going on, turn to pages 18-28 for the latest credit union technology news.