There comes a point in every major controversy when it is time to finally make a tough decision to resolve it. The Overhead Transfer Rate (OTR) is an annual process that has been controversial ever since it became a method for dipping into the NCUSIF. However, since the OTR was...
WASHINGTON-The CUNA Board gathered via teleconference last Tuesday afternoon and approved the Renaissance Commission report as amended by the Governmental Affairs Committee. An additional amendment, introduced by Board Member Gary Wolter, emphasizing the role of the credit union state leagues in pushing Renaissance issues at the state and local levels...
CU Cooperative Branching, Inc., a shared service network, has promoted Mary Wolfe to assistant vice president of service centers and Sharlene Begnaud to service center network director. In addition, CU Cooperative Branching, Inc. has named Elida Doiron Baton Rouge service center manager and Courtney Lachney Mandeville service center manager.
SAN DIMAS, Calif. - WesCorp said it will become the first corporate to market DEPOSIT CHEK, a check loss prevention service offered by Primary Payment Systems. DEPOSIT CHEK provides advance notification of potential check returns by offering credit unions access to a national shared repository comprised of shared account and...
AUSTIN, Texas - Medical Community Credit Union in Odessa, Texas is the latest credit union to partner with Auto Financial Group, a leading online provider of residual-based financing products for credit unions. As a result of the partnership between the $50 million CU and Auto Financial Group, Medical Community receives...
GLENDALE, Calif. - What do you get when you combine a gas giveaway promotion with a rate drop for auto loans? For 1st City Savings FCU, the winning combination helped the $252 million credit union offer what turned out to be its most successful auto loan promotion of the year....
BRAINERD, Minn. - The National Association of Community Credit Unions' third annual conference held recently in Charleston, South Carolina attracted over 100 attendees. Ray Burnett, NACCU's Chairman and President/CEO of Mid Minnesota FCU, said membership is up 47% this year. The fledgling group is only about three-years old. "Community charters...
OMAHA, Neb. - First Data Resources, a card issuing services subsidiary of First Data Corporation, has become the first U.S. processor certified to personalize MasterCard smart cards on the MULTOS operating system. "Now that the infrastructure is in place to enable U.S. financial institutions to issue MULTOS cards, we look...
It's been a long road, but Internet solutions firm Digital Insight, a major provider of Net banking to CUs, says it is set to reach profitability. Read about this and its future plans in a one-on-one interview with DI Chairman and CEO John Dorman.
SAN DIMAS, Calif. - The search is on to replace a legendary leader in the credit union industry, and at the same time to fill a very high-profile position in the corporate network. During WesCorp's recent annual planning session, WesCorp President/CEO Dick Johnson told the WesCorp Board that he would...