BOSTON-New data collected by the Federal Reserve System suggest check writing in the United States is steadily giving way to electronic forms of payment as consumers, businesses, and financial institutions seek to be more efficient and cost-effective. "The Federal Reserve Banks conducted the study to gain a better understanding of...

WEST PALM BEACH, Fla. - With Fed rate cuts coming fast and furious this year, credit union pricing decisions on deposit products can have a major effect on credit unions' bottomlines. Historically credit unions have reacted much slower to Fed rate cuts than banks. With 10 Fed cuts for 450...

Pioneer Federal Credit Union, Mountain Home, Idaho, has recently joined 180 teams for the 14th Annual Mud Volleyball Tournament benefiting the Epilepsy Foundation of Idaho. PFCU was one of the corporate sponsors for the event. With over 2,000 participants and many more spectators, the event raised over $50,000. Proceeds raised...

Michigan Credit Union League, Northville Township, has honored Gary Lark and retired president/CEO of METRO Credit Union Richard Spence for their contribution to the credit union movement. Lark, a police officer with the Escanaba Public Safety Department and volunteer with Public Service Employees Federal Credit Union, has been presented the...

Tennessee Teachers Credit Union, Nashville, has named Chris J. Becker executive vice president.

The NCUSIF and NCUA were the subjects of Bucky Sebastian's (CU Times, Oct. 24)comments. I understand the frustration, but I am confused at this being a state's rights issue. As far as I am concerned the right that the states have is to form their own share insurance company and...

EDS has become a 5% equity owner in CUNA Network Services. Read about this and other tech developments on pages 16 -26.

Security Service Federal Credit Union, San Antonio, has named Michael Chapman vice president of its Texas central lending department.