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BOSTON - MBNA, the leading purchaser of credit unions' credit card portfolios has purchased the $1 billion Technology Credit Union's $35 million credit card portfolio. Technology CU is based in San Jose, California. Kessler Financial Services, MBNA's card acquiring firm, facilitated and announced the purchase. "This was a very deliberate...

POMONA, Calif. - Rick Hoffman, formerly vice president and chief operating officer at LA Financial Credit Union in Pasadena, Calif., has taken over as president and chief executive officer of Inland Empire Credit Union in Pomona. The 55-year old Hoffman assumed his new responsibilities July 26. Hoffman, who has spent...

WESTBROOK, Maine-Realizing the potential of today's vital yet often under-served youth market-estimated at 90 million strong-the Maine Credit Union League has conducted a series of focus groups to determine best practices for reaching out to youth, as well as their understanding of personal finance, budgeting and credit union services. Results...

COLUMBIA, S.C. - What takes a couple hours to download on broadband, more like a couple days if you're using dialup? It's the new Windows XP Service Pack 2, perhaps the "mother of all patches" and Microsoft's latest and perhaps biggest bid to help plug the security breaches plaguing its...

WASHINGTON - The ongoing fight between credit union and banks was featured during the August 10 Marketplace radio program, which is carried on many public radio stations. The 3:40 minute program focused on the banks' Operation Credit Unions program and featured both on why members join credit unions as well...

PORTLAND, Ore. - Can selling a card portfolio actually be good for credit union growth? Asset Exchange, a leading broker of credit union credit card portfolios has released a private study in which it suggests that credit unions that sell their card portfolios have higher membership and loan growth than...

WASHINGTON - The Consumer Federation of America, which says some financial institutions are getting too aggressive in their marketing of overdraft programs, did a study that included about 25 CUs of how financials advertised their OD service on their Web sites. Credit unions weren't the only financials studied, as another...

PORTLAND, Ore. - TitleAuctions Inc. is now offering credit unions a way to extend the online bid action to their members. The company provides competitive-bid auction software to credit unions to help sell repossessed vehicles and now is offering a new solution it calls Member Auctions. Member Auctions allows credit...