MADISON, Wis. - It is that time of year again when nominations are being accepted for the 14th Annual Herb Wegner Memorial Awards, which recognizes individual, organizational and lifetime achievement by credit unionists dedicated to the National Credit Union Foundation's mission of promoting consumer financial independence. Established in 1988, the...

WASHINGTON - With the latest rate cut, the federal funds rate stands at 3.75%, the lowest it has been since 1994. This time it was only a quarter point cut, a departure from the recent string of half-point cuts. Big banks almost immediately slashed their prime rates from 7% to...

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...

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...

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...

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...

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 &...

WEST PALM BEACH, Fla. - When it comes to what members want, there is no such thing as having too much information. If properly crafted, member surveys help eliminate guesswork, identify your CU's strengths and weaknesses and provide valuable market segmentation. Benefits can include increased use of services, improved member...