PHILADELPHIA - Taking a cue from its 98,000 members, Philadelphia Federal Credit Union has formed a CUSO - PFCU Insurance Services, LLC - to offer its members insurance products. The unique aspect about the new CUSO is it's outsourcing the operations to Springfield, Massachusetts-based Banc Insurance Services Inc. to offer...

HERNDON, Va. - Participants in NACHA's Internet Secure ATM Payments (ISAP) Pilot have proven that consumer ATM/debit cards can be used on the Internet with transaction authentication and security that are comparable to point-of-sale purchases. The pilot successfully processed 598 transactions in which digital signatures substituted for personal identification numbers....

RANCHO CUCAMONGA, Calif. - The California Credit Union League is preparing to present to the NCUA Board in September its list of five recommendations for alternative methods for credit unions to raise capital. The recommendations are discussed at length, including the advantages and disadvantages for each model, in a paper...

RANCHO CUCAMONGA, Calif. - The California Credit Union League's Shapiro Group is providing grants to small credit unions to help them complete or update their policies, and to hold strategic or scenario planning sessions. Under the policy assistance program, the Shapiro Group will reimburse CUs of up to $20 million...