archives
First Data Names New President of First Data Debit Services
Submitted by allcunews on Thu, 08/31/2006 - 8:37pm.OMAHA, Neb.--(allCUnews)--Aug. 30, 2006--First Data Corp. (NYSE:FDC) has announced that Todd Strubbe has returned to the company as president of First Data Debit Services. Strubbe will oversee First Data's debit processing business which includes the STAR(R) Network, reporting to David Bailis, president, First Data Financial Institution Services.
Callahan's 2006 Credit Union Technology Survey Ranks Symitar(TM) as the Industry's Leading Provider
Submitted by allcunews on Mon, 08/28/2006 - 7:37pm.- Annual Survey Confirms Episys(R) is the Most Widely Adopted Core Processing Platform for Seventh Consecutive Year -
SAN DIEGO, Aug. 28 (allCUnews) -- Symitar, a subsidiary of Jack Henry & Associates, Inc. (Nasdaq: JKHY - News) that provides credit unions with software systems and related services, today announced that the 2006 Credit Union Technology Survey, conducted and published by Callahan and Associates, has once again ranked the Episys system as the most widely adopted core processing platform among credit unions with assets exceeding $25 million. The 2006 survey marks the seventh consecutive year that Symitar has received this industry-leading ranking.
More and More Consumers Use Visa to Make Small Purchases;
Submitted by allcunews on Fri, 08/25/2006 - 9:44am.New Survey Reveals Generation ''P'' Leads Migration to Payment Cards for Purchases under $25
SAN FRANCISCO--(allCUnews)--Aug. 24, 2006--Visa USA today reported that its volume on purchases less than $25 in targeted small ticket segments totaled $27.3 billion in the first six months of the year, an increase of 17 percent over the same period in 2005. The double-digit growth indicates that Visa payment cards are increasingly being used instead of cash and checks for everyday purchases less than $25.
LFCU Executives Attempt Predatory Conversion; Public Officials and Credit Union Members Call for Transparency
Submitted by allcunews on Thu, 08/24/2006 - 7:46pm.WASHINGTON, Aug. 24 (allCUnews) -- Congresswoman Eleanor Holmes Norton (D-DC) today joined Councilmember Jim Graham and member owners of the Lafayette Federal Credit Union (LFCU) to demand more time to review the executive team's proposal to convert the non-profit credit union to a for- profit bank. The transaction could impact 16,000 members of the credit union - - made up mostly of federal workers from the U.S. Agency for International Development (USAID), the Peace Corps, and the Small Business Administration (SBA).
Altura Credit Union Hits New Milestone: $800 Million in Assets
Submitted by allcunews on Thu, 08/24/2006 - 7:43pm.Adds $100 Million in Less Than a Year
RIVERSIDE, Calif., Aug. 24 (allCUnews) -- Altura Credit Union, the largest credit union based in Riverside County, Calif., recently marked a significant milestone; achieving $800 million in assets as of July 31, 2006. This is a $100 million increase in asset size in less than a year. Altura achieved $700 million in assets as of Aug. 31, 2005.
$2.8 Billion ESL Federal Credit Union Selects Open Solutions
Submitted by allcunews on Thu, 08/24/2006 - 7:42pm.One of the Nation's Largest Credit Unions Selects Customizable, Open Architecture Solution to Support Increasing Membership
GLASTONBURY, Conn.--(allCUnews)--Aug. 24, 2006--Rochester, N.Y.-based ESL Federal Credit Union, with $2.8 billion in assets, has selected Open Solutions Inc.'s® (NASDAQ: OPEN - News) relational core platform, The Complete Credit Union Solution,® and other complementary applications to handle its enterprise-wide data processing needs. Open Solutions is a provider of integrated enabling technologies for financial services providers across the United States, Canada and international markets. The credit union, which has 17 branches and more than 280,000 members, serves employees of Eastman Kodak Company, Wegmans Food Markets and other companies in the Rochester, N.Y. area.
Visions Federal Credit Union Selects ResourceOne to Manage Member Relationships
Submitted by allcunews on Wed, 08/23/2006 - 7:24pm.CoreTrac, Inc., provider of ResourceOne, the simple and affordable MRM/Sales Force Automation solution for community financial institutions, today announced that Visions Federal Credit Union of Endicott, New York, has installed ResourceOne to elevate their team’s performance and enhance growth within their community.
HSAs Growing Apace To Reach 3.6 Million Accounts By January, 2007
Submitted by allcunews on Mon, 08/21/2006 - 4:37pm.Defying critics and demonstrating resilient expansion, Health Savings Accounts (HSAs) continued their strong growth trajectory with indications that this fall’s sign-ups will blow passed estimates. Information Strategies, Inc. quarterly survey of more than 150 HSA custodial advisors indicates that total accounts will pass 3.6 million by January 2, 2007 managing $5.2 billion.
Meridian Credit Union moves to Fincentric core banking technology
Submitted by allcunews on Mon, 08/21/2006 - 8:40am.Fincentric Corporation, a leading global provider of core retail banking software to financial institutions, today announced that Meridian Credit Union has completed a large-scale conversion to Fincentric's core banking system to offer better member services across all channels.
Web Host and Finance Firm, Open Solutions, Expands Credit Union Partnership
Submitted by allcunews on Mon, 08/21/2006 - 8:39am.Glastonbury, Connecticut - (allCUnews) - August 18, 2006 - Web host and integrated enabling financial technologies firm, Open Solutions Inc., has reached an agreement for its Canadian subsidiary, Open Solutions Canada, with Celero Solutions, to provide a comprehensive suite of Open Solutions' strategic products to the Calgary, Alberta-based organization.
Harvard Business School Hosts Credit Union Leaders
Submitted by allcunews on Mon, 08/21/2006 - 8:37am.MADISON, Wis. (allCUnews) — The Credit Union Executives Society, in partnership with the California/Nevada Credit Union League, is pleased to announce that 38 credit union leaders recently completed the Advanced Leadership Institute, a rigorous five-day executive education program for credit union executives and directors, at Harvard Business School (HBS) in Boston. Participants focused on topics of critical interest to the credit union movement, including strategic thinking, efficient service profit chains, managing growth, marketing and member management, mission transition, and organizational change.
CORRECTING and REPLACING Credit Union Security Concerns Give Credit to SecureState's Security Program Manager
Submitted by allcunews on Wed, 08/16/2006 - 6:48pm.CORRECTION...by SecureState LLC
CLEVELAND--(allCUnews)--Aug. 15, 2006--The phone number in the Contact Information should be 216-927-0115 (sted 330-635-8291).
The corrected release reads:
CREDIT UNION SECURITY CONCERNS GIVE CREDIT TO SECURESTATE'S SECURITY PROGRAM MANAGER
Nevada Federal Credit Union Partners with Corillian for Strong Online Authentication to Protect Members from Online Fraud;
Submitted by allcunews on Wed, 08/16/2006 - 6:46pm.Corillian Intelligent Authentication to Integrate with Nevada FCU's In-House Online Banking System
PORTLAND, Ore.--(allCUnews)--Aug. 15, 2006--Corillian Corp. (Nasdaq:CORI), the top provider of online banking, payment and security solutions to the financial services industry, today announced that Nevada Federal Credit Union, an $850 million credit union headquartered in Las Vegas, Nev., selected Corillian as its partner to deliver stronger online authentication to Nevada FCU's online banking service. Nevada FCU will leverage Corillian Intelligent Authentication(TM) to implement additional layers of authentication and protection when members are performing online transactions and to help Nevada FCU comply with the recent FFIEC guidelines for online authentication.
Auto Financial Group Partners with Credit Union Services, Inc.; AFG and CUSI to Provide Lease Solution for Credit Unions
Submitted by allcunews on Mon, 08/14/2006 - 9:28pm.HOUSTON--(allCUnews)--Aug. 14, 2006--Auto Financial Group (AFG), an online provider of residual-based financing products for credit unions, announced today that it has signed an agreement with Credit Union Services, Inc. (CUSI). Under the agreement, AFG will be responsible for marketing CUSI's vehicle lease solution to other credit unions, as well as handle all proactive remarketing, disposition of lease vehicles at lease maturity, and provide residual value insurance.
GACHA Conference to cover Regulatory Compliance, Image Exchange, Disaster Recovery, Fraud, Remote Deposit and More
Submitted by allcunews on Fri, 08/11/2006 - 4:33pm.6th Annual GACHA Conference
(allCUnews) GACHA is hosting the 6th Annual Solutions Conference at the Georgia Tech Conference Center in Atlanta, GA, September 6 - 7, 2006. GACHA is a Regional Payments Association member of NACHA - The Electronic Payments Association.



