TALLAHASSEE, Fla. - CU Center, Inc., a South Florida shared branch CUSO, has migrated to the shared branch teller platform software of United Datatronics Inc., a financials services CUSO here owned by seven credit unions. CU Center provides online, real-time shared branch services to members of over 600 CUs that...
LOS ANGELES - Farmers Insurance Group Federal Credit Union here is now offering its members wireless Internet banking through a partnership between FIGFCU, Harland Financial Solutions, and wireless-enabler SensCom, Inc. The CU is utilizing the ULTRADATA core system, a Harland Financial Solutions' system. SensCom, which has helped a number of...
BASEL Switzerland - Several U.S. credit unions and international credit union organizations, plus the World Council of Credit Unions (WOCCU) have sent their comments to the Bank of International Settlement (BIS) of the new steps in the Basel Capital Accord. The Accord was originally supposed to be published by the...
NEW YORK - Actors Federal Credit Union has joined forces with the Lower East Side Peoples Federal Credit Union to offer members ATMs along with their next order of fries at the McDonalds on 102-106 First Avenue at 6th Street. Members of LESPFCU, a low-income designated credit union, can now...
BROOKLYN CENTER, Minn. - City County FCU insists there's no catch, its new User's Credit Program doesn't cost members any money to use. In fact, it's just the reverse. CCFCU will pay members a bonus for using the credit union's services. It's a way for the $270 million credit union-the...
LAS VEGAS - Seven credit unions from four states were honored for their best practices in indirect lending during CU Direct Corp.'s annual CUDL Auto Lending Symposium held June 20-21. Recognized within their asset category for having processes in place for funding quality indirect loans were Tracy FCU, Calif. (less...
WASHINGTON - At first glance at Callahan & Associates' June report, credit unions' auto loan portfolios are in fine shape. After all, they account for 40.1% of CUs' loan portfolios. As impressive as that number is, there's still considerable room for improvement when it comes to CUs' auto loan penetration...
WASHINGTON-The Treasury Department will consider reducing the burden associated with its proposed guidance requiring financial institutions to report deposit interest paid to all nonresident alien individuals. Currently, this only needs to be completed for those claiming to be Canadian. CUNA Associate General Counsel Mary Dunn represented credit unions at a...
MADISON, Wis. - If you cover the world as the World Council of Credit Unions (WOCCU) does, then it makes good sense to have representation from around the world. In the past, the WOCCU Board was heavily weighted by U.S. membership, although there were other countries on the board. That...
WEST PALM BEACH, Fla. - Credit Union Times announces the newest addition to the newspaper's growing list of correspondents - Jay Miller, Midwest correspondent. Miller has been a news reporter and freelance writer, specializing in business, business history and healthcare finance since 1982. As a staff reporter for Crain's Cleveland...