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ST. PETERSBERG, Fla. - Payment Systems for Credit Unions, Inc., which is owned by more than 500 credit unions, has signed a five-year contract extension with Omaha, Nebraska-based First Data Resources. "First Data's economies of scale, advanced technology and expertise allow us to help our credit unions nationwide successfully manage...

SACRAMENTO, Calif. - Legislators and Gov. Gray Davis' office continued to spar last week over provisions of a heavily lobbied privacy bill with both sides claiming their proposal would best protect consumers. With the Legislature scheduled to adjourn for the year on Sept. 14, it was unclear whether the bill...

WASHINGTON - Former NCUA Public Information Officers hosted a luncheon honoring recently retired Public & Congressional Affairs (PACA) Director Robert E. Loftus and welcoming new PACA Director Clifford R. Northup. Shown here (from left) are Northup, Loftus, Joan Pinkerton-Filson, currently Press Officer for the National Association for Business Economics and...

ALEXANDRIA, Va.-NCUA issued a regulatory alert to credit unions regarding the Federal Trade Commission's (FTC's) revised ruling on obtaining consumer credit reports in relation to business loans. The new interpretation, under the Fair Credit Reporting Act (FCRA), affects credit unions providing credit to someone for business purposes or to a...

ARLINGTON, Va.-NAFCU named U.S. Central Federal Credit Union Senior Vice President and Chief Financial Officer Kathryn E. Brick as its nominee to the Financial Accounting Standards Advisory Committee (FASAC). According to NAFCU's letter of nomination, Brick has vast experience in financial reporting and financial institutions, both for profit and not-for-profit....

ST. LOUIS - A Maritz Research Corp. telephone survey finds that only 4.4% of respondents use Internet banking to conduct a financial transaction. In terms of popularity, physical branches are still the reigning champions with 47.2% of respondents choosing that delivery channel; followed by ATMs at 18%. The finding suggests...

SACRAMENTO, Calif. - Legislation supported by the California Credit Union League that would give state and local governmental agencies that are already allowed to deposit funds in banks and savings and loans the option of depositing funds in credit unions has cleared the state Senate and is on its way...

Indirect lending continues to be a hot button for credit unions - some can't live with it, others can't live without it. Despite CUs' misgivings about indirect lending, a growing number are participating in programs. Read about indirect lending and other auto lending and leasing news in a special report...