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New biometric directory

Staff Writer | July 03, 2001

SAINT LOUIS - Biometric Digest newsletter has introduced its Biometric Information Directory (BID). The directory lists more than 330 biometric vendors, integrators, consultants, trade associations, publications and more. It also contains a list of more than 40 publicly held companies offering a range of biometric products and services. Over 35...

Tech Lab a popular draw at Discovery

Staff Writer | July 03, 2001

One of the most popular spots during CUNA Mutual Group's Discovery Conference was undoubtedly the Tech lab. The Lab was designed to be hands-on and to give attendees a flavor for all of CUNA Mutual's online offerings. Attendees could give a demo a spin or get one-on-one support from Tech...

EAST

Staff Writer | July 03, 2001

Affinity Federal Credit Union, Bedminster, N.J. has promoted Donna M. LoStocco to vice president of member development/political affairs and Lisa Lombardo to assistant vice president of operations.

NCUSIF, a model for all to follow

Staff Writer | July 03, 2001

I want to commend NCUA Chairman Dennis Dollar for reminding us (Credit Union Times, June 20) of the critical decision credit unions, Congress and NCUA made, in 1984, when we implemented the current 1% deposit system to re-capitalize the National Credit Union Share Insurance Fund (NCUSIF). Soon after, some banking...

AWARDS

Staff Writer | July 03, 2001

Educational Community Credit Union, Jacksonville, Fla., has named Loraine Irons "Employee of the Quarter". This is the second time Irons has been recognized for her positive attitude bringing about positive results. Irons is currently teller supervisor at ECCU's downtown Jacksonville branch. ECCU has $500 million in assets and serves 70,285...

First Data direct connects networks

Staff Writer | July 03, 2001

DENVER - Payment processing and e-commerce provider First Data Merchant Services, a subsidiary of First Data Corp., has launched direct connections to three of the nation's regional debit networks. First Data's front-end payment processing systems now switch on-line debit point-of-sale transactions directly to the NYCE, Pulse, and Star networks. Plans...

I-Price gives CUs a holistic look at the rate arena

Staff Writer | July 03, 2001

TORONTO - Some credit unions aren't doing all their financial analyses before pricing their products. In fact, some do nothing but react to competitor pricing. CUNA Mutual says it's going to help take the guesswork out of product pricing with its new I-Price solution. CUNA Mutual partnered with Farin &...

Commentary

Sell the mortgage if you must, but retain the servicing

Staff Writer | July 03, 2001

Does your credit union's strategic plan include objectives such as increasing the number of member relationships and becoming your members' primary financial institution? If it does, "Should your credit union originate mortgage loans and retain servicing on members' mortgages?" Sometimes the obvious answer is not correct. Credit union managers typically...

Antifraud network legislation OK'd by committee

Staff Writer | July 03, 2001

WASHINGTON-The House Financial Services Committee passed H.R. 1408, the Financial Services Antifraud Network Act, introduced by freshman Congressman Mike Rogers (R-Mich.). The legislation aims at creating an antifraud network between the nation's more than 250 financial regulators to share information in hopes of better preventing financial fraud schemes. The bill...

CUNA testifies before the IRS on reporting of interest to nonresident aliens

Sarah Snell Cooke | July 03, 2001

WASHINGTON-CUNA Associate General Counsel Mary Dunn testified before the Internal Revenue Service (IRS) in opposition to its proposal on reporting of deposit interest paid to nonresident aliens. Dunn was the only credit union representative to testify. "We don't know how horrendous this is going to be," Dunn told Credit Union...