Press

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U.S. move to chip cards on track

PURCHASE, NY (September 30, 2015) — The Payments Security Task Force (PST) today shared the latest in a series of updates from payment card issuers, acquirers, and merchants on the U.S. move to chip technology. The PST’s eight financial institutions reported that 30 ...

TMG reports 40% monthly growth in EMV chip credit card transactions

DES MOINES, IA (September 30, 2015) — Tomorrow marks the much-anticipated EMV chip card liability shift, a date payments processor TMG (The Members Group) expects will kick off a steady increase in EMV activity. What follows is an update on how the company’s financial ...

NAFCU letter in advance of tomorrow’s mark-up on regulatory relief legislation

WASHINGTON, DC (September 29, 2015) —   Re: Tomorrow’s full committee mark-up of credit union regulatory relief legislation           Dear Chairman Hensarling and Ranking Member Waters: On behalf of the National Association of Federal Credit Unions (NAFCU), the only national trade association focusing exclusively on ...

2015-2016 editions of CUNA Total Compensation Reports released

WASHINGTON, DC (September 29, 2015) — CUNA has announced the 2015-2016 release of its CEO Total Compensation Reportand Senior Executive Total Compensation Report. Each derives from an annual CUNA survey of CEO and Senior Executive earnings in the credit union industry. The reports provide readers ...

NAFCU letter in advance of CFPB’s semi-annual report to Congress

WASHINGTON, DC (September 28, 2015) —   The Honorable Jeb Hensarling Chairman House Financial Services Committee United States House of Represntatives Washington, DC 20515 Maxine Waters Ranking Member House Financial Services Committee United States House of Represntatives Washington, DC 20515 Re:       Tomorrow’s hearing to ...

MasterCard transforms aid distribution

PURCHASE, NY (September 25, 2015) — Humanitarian organizations are increasingly asked to provide aid in a climate of political and economic unrest. To address this challenge, MasterCard today launched the MasterCard Aid Network, an end-to-end, non-financial service designed to streamline aid distribution even in the ...

CSCU introduces Premier Consulting Services

TAMPA, FL (September 23, 2015) — Card Services for Credit Unions (CSCU) is now offering members “Premier Consulting Services.” This customized phase of Optimize by CSCU, a multi-tiered solution, which will use portfolio analytics to improve credit union card programs. Premier Consulting Services builds upon ...

PSCU’s rewards program generates growth and increases engagement

ST. PETERSBURG, FL (September 23, 2015) — Custom built with each member credit union in mind, PSCU's Total Member Loyalty Rewards program has generated record sales growth and increased engagement for credit unions since its launch. Three million cardholders and 280 credit unions currently utilize ...

CUNA statement on Fed adoption of same-day ACH

WASHINGTON, DC (September 23, 2015) — Credit Union National Association (CUNA) chief advocacy officer Ryan Donovan released the following statement on the Federal Reserve Banks’ same-day automated clearing house (ACH) service: “In comments to NACHA and the Federal Reserve, CUNA expressed concerns with the requirements ...

CUES® Next Top Credit Union Exec Judges announced

MADISON, WI (September 23, 2015) — The judges for the 2015 CUES Next Top Credit Union Exec competition have been announced: Deedee Myers, Ph.D., CEO of DDJ Myers, CUES Strategic Partner and challenge sponsor, Phoenix; Brandon Michaels, president/CEO, Mazuma Credit Union, Overland Park, ...

CUNA announces dues reduction, other changes

WASHINGTON, DC (September 23, 2015) — After listening to and learning from credit unions over the past year, CUNA president/CEO Jim Nussle announced changes to the organization’s operating expenses, dues, membership and moves to strengthen CUNA/League Interdependence. The announcement comes after a ...

Biz Kid$ entrepreneur contest teaches kids about starting a business

The Cornerstone Credit Union Foundation hosted a Pilot Biz Kid$ Entrepreneur Contest and awarded Hamshire-Fannett Middle School as the winner for their “Pencil Pouch” project.  Cornerstone Credit Union Foundation received a Biz Kid$ Financial Education Grant from the National Credit Union Foundation (the Foundation) to ...

CUNA congratulates new members on CFPB Credit Union Advisory Council

WASHINGTON, DC (September 18, 2015) — The Consumer Financial Protection Bureau (CFPB) announced the appointment of eight new credit union representatives, including six CUNA members, for its important Credit Union Advisory Council. CUNA made its recommendations to the bureau in February for the Credit Union ...

CUES Next Top Credit Union Exec finalists announced

MADISON, WI (September 18, 2015) — The judges’ results are in! The five Finalists for the 2015 CUES Next Top Credit Union Exec challenge are: - Danielle Buscher, West Community Credit Union,  O'Fallon, Mo., United States - Garrick Throckmorton, Allegacy Federal Credit Union, Winston-Salem, N....

September event wraps up busy networking summer for Xtend

GRAND RAPIDS, MI (September 18, 2015) — Xtend, Inc., the Grand Rapids, Michigan-based multi-owned cooperative CUSO, recently participated in the 2015 CU*South Visionary Conference in New Orleans, Louisiana alongside credit union professionals from more than two dozen credit unions and industry partners. The event ...

John Janclaes and Eileen Rivera joining Western CUNA Management School board

ONTARIO, CA (September 17, 2015) — Partners Federal Credit Union President and CEO John Janclaes and SkyOne Federal Credit Union President and CEO Eileen Rivera will be joining the Western CUNA Management School (WCMS) Board of Trustees. They will replace outgoing board members—Orange County’...

Take 5 to protect yourself with MasterCard ID theft alerts

PURCHASE, NY (September 16, 2015) — Five minutes is all it takes for fraudsters to wreak havoc with your personal and financial information. That’s why, starting today, MasterCard is launching its “Take 5 to Protect Yourself” initiative, a campaign to encourage cardholders to fight ...