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SPRINGFIELD, Ill. - If Gov. Rod Blagojevich has his way with attempting to close the nearly $5 billion state budget deficit, credit union start-ups could see the application fee jump from $250 to $3,000. Blagojevich has proposed adjusting 200 fees to raise $57 million for the state's general revenue fund,...

MONETT, Mo. - Jack Henry & Associates, parent company of credit union data processor Symitar Systems, has promoted President Jack Prim to CEO and COO Tony Wormington to President. Michael Henry, the firm's chairman and CEO, will continue on as chairman. "Jack and Tony have both been performing the responsibilities...

WICHITA, Kan. -Another U.S. senator, Sam Brownback of Kansas, has come out against taxing credit unions. In a featured weekend address to the annual meeting of the Kansas Credit Union Association, the Kansas Republican said, "credit unions are about people and character. I would not favor taxing you." And in...

NEEDHAM, Mass. - Outsourcing and offshoring may be getting all the headlines, but America's financial institutions are still spending big on their own call centers, according to a new report U.S. banks will spend about $1.9 billion on contact center technology in 2004, and about $5.2 billion on the people...

SAN FRANCISCO - VISA USA has taken out a full page advertisement in the Wall Street Journal to highlight the fact that, for the first time, worldwide VISA debit volume has outpaced VISA credit card volume. "The achievement reflects volume on all debit cards in circulation around the world," wrote...

Even when things are running smoothly, as they have throughout the tenure of about-to-be former NCUA Chairman Dennis Dollar, the NCUA Board has been in the news a lot on a regular basis. It is not just because Dollar's aggressive and forward thinking agenda made him a newsmaker, but also...

ST. PETERSBURG, Fla. - Just about one year after the historic debit settlement with retailers, credit unions and other debit issuers face a bright future with the popular cards, according to a VISA executive. Speaking to attendees of Card Services for Credit Unions 2004 annual conference (See pages 32-34 for...

WASHINGTON - The percentage of credit unions offering members the option of opening an individual retirement account has steadily risen over the last five years, contributing to an increase in average share balances and potentially providing more leverage during slow growth periods. Over the last five years, credit unions offering...