Wednesday, June 19, 2013

For at least one credit union, Christmas came early this year, when Liberty Savings FCU won the $100,000 Extreme Technology Makeover sponsored by Credit Union Journal and Horsetail Technologies.

Harborstone Credit Union has enhanced its social media marketing platform here by launching Calcubot, a progressive mortgage and automobile loan application Facebook page.

Teachers Credit Union here is looking to rollout a teen-friendly money management app called "$ My Way" that it developed in less than two days.

Interra CU and Finance Center FCU collaborated on a joint technology project that led to the credit unions being recognized as finalists at PSCU's inaugural "Knockout" for co-creating a smart-receipt tracking system, ReceiptSnap.

st months after winning the $100,000 Extreme Network Makeover sponsored by Horsetail Technologies and Credit Union Journal, Liberty Savings FCU is already realizing improvements to its operating system.

The security firm RSA is warning that international cyber-crooks are working together and planning a major malware attack to steal money from online accounts of consumers at 30 or more major U.S. banks as part of a large-scale orchestrated crimewave campaign.

A strategy for effective mobile payments must include collaboration within a credit union among the marketing, business development and in-formation technology departments, according to a new white paper from the CUNA Councils.

CUNA last week was reassuring users of its website that no sensitive personal information fromcuna.org was accessed or otherwise compromised in a hacking attack that affected at least 30 or more organizations.

In an effort to address compliance regulations and threats to member data security, OnPoint Community CU has gotten proactive and developed an in-house Technology Risk Assessment program that it reports has proven to be effective.

With a ongoing uptick in banking transactions via mobile devices, Sb1 Federal Credit Union realized that its member experience could suffer without an overarching user interface update.

December 17, 2012

Great Lakes CU believes female car buyers are being ignored by lenders and is aggressively pursuing women with a unique marketing approach.

December 17, 2012

Imagine this actually happening here. The country's largest savings banks and largest credit unions come together and agree to henceforth be known as "mutual banks." Both swear off ever using those two-word identifiers-savings bank and credit union-ever again. They even sign on with the same trade group.

Australia's Louise Petschler happened to be in the U.S. during the recent elections as part of a presentation to a group of credit unions. That experience was quite interesting, she said, sharing a couple of contrasts to how voting in Australia differs from voting in the United States.

In business speed and accuracy are necessary to remain competitive, yet the critical function of receivables management often gets overwhelmed in sheer volumes of paper and data flows. Checks are a big reason why.

The motto of the Michigan State University Federal Credit Union (MSUFCU) is" Building Dreams Together" and their actions clearly show that they are true to the words they speak.

I have to agree with Mr. Moriarity's letter to the editor in the Dec, 3rd issue of Credit Union Journal and after reading Mr. Diekmann's article entitled "NCUA Posts More Info About Budget On Site" it just seals the deal.

A massive study of consumer credit reports released last week found consumers had disputed up to 38-million items on their reports during 2011.

CUNA is conducting a national survey of credit unions about their recent experiences with examinators and the New Jersey CU League is already issuing results of a similar effort for all NCUA Region II credit unions that it spearheaded.

NCUA last week introduced a new website aimed at small credit unions.

December 17, 2012

A new pre-paid card solution offers cardholders a "closed-loop," merchant-specific card, backed by Discover that can be used exclusively at participating merchants such as Macy's and Outback Steakhouse.

December 17, 2012

While most of the attention last week was on how credit unions helped to kill in Congress any extension of the Transaction Account Guarantee (TAG) program, which expires at the end of the year, there was less attention being paid to how it creates the potential for billions of dollars of checking deposits to be on the move.

December 17, 2012

After eight years in operation, the last six profitable, Northeast Member Business Services has announced plans to shut down due in part to what it perceives is a changing member business lending (MBL) regulatory landscape.

It may be that the flood of new members to credit unions in 2012 is coming at a price.

December 17, 2012

Drawing on its history as a credit union for educators, A+ FCU here has launched a website to teach financial literacy to members and non-members.

December 17, 2012

Northeast CUSO, which is shutting down operations after determining its six owners were ready to pursue member business lending on their own, has offered some advice on what CUs should consider before making the decision to forego a CUSO.

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