WATERLOO, Iowa - The membership of Heritage Credit Union and the board of directors of John Deere Community Credit Union have approved the merger of the two credit unions. JDCCU is the largest credit union in Iowa. It has more than $634 million in assets and 92,000 members. Heritage CU...
I was glad to see Frank Wielga's tribute to Gene Artemenko in the Nov. 7 issue of Credit Union Times. Those of us fortunate enough to participate in the candid "exchange of ideas" with Gene at the Aerospace Conference also remember his great sense of humor, his booming voice and...
It's been eight years since CUSC made the first interstate share draft transaction by a shared branching network. How have things changed the company and the check payment system since then? Find the answers and other information on share drafts on pages 14 and 15.
CHAPIN, S.C.- PM Systems Corp. is offering a new managed security solution targeted to small to mid-sized credit unions that need robust Internet protection but can't carry the tab for full-time internal protections. Called CU Defense, the program features a monitored, always-on intrusion detection system that is placed outside the...
OVERLAND PARK, Kan. - This week two credit union representatives from Mexico are scheduled to visit U.S. Central Credit Union to learn about the U.S. credit union system and get an overview of U.S. Central and the corporate credit union network. The visit is in response to the Mexican government's...
"What I'd like the (Hawaii CU) CEOs to do is ask the PacCorp Board to get PacCorp into some kind of arrangement with WesCorp." -WesCorp President/CEO Dick Johnson discussing the potential of a WesCorp/PacCorp merger. "The most important point is that this is a real big consumer win." - ATM...
WASHINGTON-Last week, Congress approved a continuing resolution to keep the federal government running through December 7. They were originally supposed to recess at the beginning of October. Lawmakers still need to address five of the 13 appropriations bills before they can recess for the session, including the Foreign Operations Appropriations...
WASHINGTON - Financial experts have been talking for years about the advent of the checkless society, but despite technological advances paper checks have remained a dominant form of consumer payment. Consumers still haven't entirely gone checkless, but new data collected by the Federal Reserve System suggest that in their effort...
WASHINGTON - Whatever the long-term effects of the Fed's plans to adopt a single standard for MICR detail transmission, the short-term ramifications are sure to include some change in practices by item processors. The Fed's standard will conform to the ANSI ASC X9.37 format. It plans to have the standardization...
WASHINGTON-In withdrawing her name from the presidential nomination as chair of the Federal Housing Finance Board (FHFB), former NCUA Board member Shirlee Bown said the decision just made sense. Originally, Bown believed that she would be nominated to serve a full seven-year term. She ultimately realized that she would only...