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ONTARIO, Calif. - CO-OP Network, the largest credit union owned ATM and EFT network based here, will disburse $7 million to its shareholders in patronage payments from 2002, the firm reported. That figure is double the firm's previous record patronage of $3,022,773 from 2001. "This record patronage distribution is the...

ENCORE Electronic Services Cooperative, Inc., an ATM/Debit card and electronic services provider, has elected the following officers to its board: Alfio Bruno, chairman; Richard Webb, vice chairman; David Bunch, treasurer; and Margaret Pera, secretary. In addition the following have been elected directors: Gavin Cochran, Keith Powell, Lois Profili, and Jon...

PORTLAND, Ore. - A survey of first quarter credit union card trends suggests that more credit unions need to improve their card marketing. Asset Exchange, a leading broker of credit union's card portfolios based in Portland, Oregon, has surveyed NCUA data and reported that card penetration fell among credit unions...

CHAPIN, S.C. - A third level of authentication - which adds another level of protection against automated scriptwriters able to hack past the typical PIN and password system - is now being offered by PM Systems Corp. to credit unions using its WebFederal2 online banking solution. The three-way system adds...

Using my credit union's home banking service recently, I transferred money from checking to pay a credit union car loan. The system immediately reflected my checking withdrawal, loan payment, and new checking and loan balances. Two days later I paid my mortgage the same way. Problem is, the mortgage payment...

SOUTHFIELD, Mich. - Dan Balagna, CEO of the Service Centers Corporation and a 40-year veteran of the Michigan credit union industry, has announced that he will be retiring from SCC as of January 1, 2004. "My wife and I have been talking about and contemplating retirement for some time," Balagna...

Memphis Area Teachers' Credit Union, Tenn., has named Judy Conrad senior business loan officer. Central Florida Educators' Federal Credit Union, Orlando, has elected the following officers to its board: George P. Drivas, chairman; Mary Lynn Williams, 1st vice chairman; Errol L. Greene, 2nd vice chairman; Michael E. Angel, secretary; Lawrence...

SAN FRANCISCO - Consumers may find the idea of moving money between different banks and credit unions attractive, but they won't pay much for it and they won't use it often. That's the conclusion of a new report by Forrester Research analyst Catherine Graeber of the research and advisory firm's...