WASHINGTON - All indicators show e-commerce is gaining in popularity, but don't shred those paper checks yet. Paper checks are likely to continue as a dominant form of consumer payments, says the Fed, and the agency is readying to implement a check modernization initiative to develop more efficient ways to...

WATERLOO, Iowa - The membership of Heritage Credit Union and the board of directors of John Deere Community Credit Union have approved the merger of the two credit unions. JDCCU is the largest credit union in Iowa. It has more than $634 million in assets and 92,000 members. Heritage CU...

I was glad to see Frank Wielga's tribute to Gene Artemenko in the Nov. 7 issue of Credit Union Times. Those of us fortunate enough to participate in the candid "exchange of ideas" with Gene at the Aerospace Conference also remember his great sense of humor, his booming voice and...

CHAPIN, S.C.- PM Systems Corp. is offering a new managed security solution targeted to small to mid-sized credit unions that need robust Internet protection but can't carry the tab for full-time internal protections. Called CU Defense, the program features a monitored, always-on intrusion detection system that is placed outside the...

OVERLAND PARK, Kan. - This week two credit union representatives from Mexico are scheduled to visit U.S. Central Credit Union to learn about the U.S. credit union system and get an overview of U.S. Central and the corporate credit union network. The visit is in response to the Mexican government's...

"What I'd like the (Hawaii CU) CEOs to do is ask the PacCorp Board to get PacCorp into some kind of arrangement with WesCorp." -WesCorp President/CEO Dick Johnson discussing the potential of a WesCorp/PacCorp merger. "The most important point is that this is a real big consumer win." - ATM...

WASHINGTON-Last week, Congress approved a continuing resolution to keep the federal government running through December 7. They were originally supposed to recess at the beginning of October. Lawmakers still need to address five of the 13 appropriations bills before they can recess for the session, including the Foreign Operations Appropriations...

WASHINGTON - Whatever the long-term effects of the Fed's plans to adopt a single standard for MICR detail transmission, the short-term ramifications are sure to include some change in practices by item processors. The Fed's standard will conform to the ANSI ASC X9.37 format. It plans to have the standardization...