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MADISON, Wis. - A recent CUNA E-Scan's 2003-2004 CEO Total Compensation Survey finds that it pays for CEOs of large credit unions to have written employment contracts or agreements. According to the survey CEOs with such contracts earn higher base salaries and bonus awards. "With 30% of large credit union...

ARLINGTON, Va. - A steadily rising volume of both transactions and cards have helped reduce credit unions' pain from a one-time 33% hit they took in the interchange they receive from their so-called signature debit products. Signature debit transactions are those conducted with a Visa or MasterCard branded card that...

WEST PALM BEACH, Fla. - The Fiserv/EDS data processing deal wasn't the only major one of 2003. Quite the contrary, 2003 was one of the most active in recent years in terms of consolidation. In May Aurum Technology, which was born out of EDS selling off its community banking division,...

FALLS CHURCH, Va. - STAR, the nationwide ATM and EFT network owned by Memphis-based Concord EFS, has cut its annual fees to members and hiked its interchange rates. "We have always had, as one of our long-term goals, creating a unified fee structure across the country," said Barbara Span, Vice...

ALEXANDRIA, Va.-While NCUA had opened up its budget setting process, credit union trade associations were still complaining about the openness of the process for setting the overhead transfer rate. But that changed at the November NCUA Board meeting. Attendees got an earful on the process and credit union economists and...

ROCHESTER, N.Y. - After nine years at the helm of ESL Federal Credit Union, President/CEO David Vigren retired on March 1. His successor is former ESL executive vice president and marketplace manager David Fiedler, who has been with the credit union since 1996. ESL has more than 231,000 members and...

MADISON, Wis. - More than 20 years ago, a small company formed to invest collected insurance premiums opened for business and quickly took off. This year, MEMBERS Capital Advisors reached a milestone when its assets under management surpassed the $10 billion mark. MEMBERS Capital manages the invested assets of MEMBERS...