HERNDON, Va.-NACHA, the Electronic Payments Association, has drafted a proposed rule that would limit how many times a financial institution can represent an automated clearing house (ACH) item. The amendment would limit presentments to three times. Some ACH items, including the re-presented checks, are already limited to three presentments. "With...

Community Credit Union, Plano, Texas, has named Mike Williams vice president of administrative services for JCPenney direct marketing services, Inc. In addition, CCU has appointed the following officers to its board: James McCarley, chairman; Fred Spencer, vice chairman; Al Brookner, secretary; and Stan Fong, treasurer. Southwest Corporate Federal Credit Union,...

COLUMBUS, Ohio - With natural-person CUs awash in liquidity, corporate CUs are seeing their assets balloon. Corporate One FCU is reporting that its assets topped $3.5 billion in late May, a record for the corporate. The corporate's assets jumped by an astounding 60% over the same period last year. The...

PASCAGOULA, Miss. - Navy personnel from around the world who often spend months away at sea, now have a place to relax, get a bite to eat and build up their sea legs, thanks to a new United Services Organization (USO) facility built with the efforts and support of credit...

JACKSONVILLE - The $6 billion-Southwest Corporate Federal Credit Union is really making itself known in the Southeast of late. Last month Southwest and Georgia Central CU announced merger plans, with Southwest as the surviving corporate. If completed, the merger will give Southwest Corporate an instant presence in Georgia, with about...

TAYLOR, Mich. - It's bandied about all the time in the industry, "Small credit unions can use technology to offer big credit union services." Digital Dialogue here thinks it has what it takes to get small CUs on that path. Digital Dialogue recently unveiled the D2 Small Credit Union Module....

WASHINGTON-In a recent letter to Senate Appropriations Subcommittee on VA, HUD, and Independent Agencies Chairwoman Barbara Mikulski, NAFCU urged the subcommittee to remove the $600 million borrowing cap on the Central Liquidity Facility (CLF), or if not possible, at least set it at last congressional session's $1.5 billion. The letter...

SAN ANTONIO - Check provider Clarke American here has entered into an alliance with Internet content provider Greer Group, Cleveland, to offer Web content solutions for credit unions. Clarke American said that it is finding that many of its CU clients can not afford or don't have the expertise on...