RANCHO CUCAMONGA, Calif. - CU Direct Corp., in a move the company says will help lower fees for credit unions participating in the CUDL network, has restructured its pricing based on funded contracts rather than each transaction through the CUDL system. Under the former pricing structure, credit union fees were...

LATHAM, N.Y. - Credit unions have been left with many uncertainties concerning their future and the outlook for the economy as a result of September 11's terrorist attacks. The New York State Credit Union League has scheduled a special series of free forums - "The Future of our Business" -...

ALBANY, N.Y. - Bart Salazar, CFA, has been named Chief Operating Officer at MemberTrade Advisory Services, LLC, a wholly-owned CUSO of Empire Corporate FCU. Prior to this move, he was Vice President, Investments, at Empire Corporate. Salazar will manage and oversee the daily operations of MemberTrade Advisory Services. MemberTrade Advisory...

ALEXANDRIA, Va. - With more e-com operations comes more exposure risk. Credit unions should make sure their insurance coverage is adequate to cover potential risks of e-commerce products and services' said NCUA in a Letter to Credit Unions. The regulator warns that the typical fidelity bond may not protect e-commerce...

NEW CASTLE, Del. - In honor of International Credit Union Day, the Delaware Credit Union League has published its first Credit Union Supplement in the statewide paper The News Journal. The 12-page, full-color supplement includes an explanation about the nature of credit unions and how to join, as well as...

WASHINGTON-Despite increased concern over anthrax discoveries around Capitol Hill, a reception on the Senate side of the Capitol for NCUA Chairman Dennis Dollar went on as planned. Mississippi Republican Senators Trent Lott and Thad Cochran hosted the event. The event was in honor of Dollar's recent appointment to chairman of...

SOUTHFIELD, Mich. - The founders of credit union data processing C.U. Processing are leaving the parent firm that purchased C.U. Processing last year. David Palmer, long-time CEO of C.U. Processing prior to it being acquired by Canadian IT powerhouse CGI, is leaving, along with Paul Chauvin, who served as CFO...

MADISON, Wis. - It's only been a year, but it looks as if corporate credit unions are finding some investment value in CUNA Mutual Group's corporate credit union investment line, CUNA Mutual Notes. So far 11 corporates have invested $190 million in Notes. When it was first launched last October...