Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
CU System briefs (01/07/2010)
* RANCHO CUCAMONGA, Calif. (1/8/10)--Patelco CU, a $3.6 billion asset San Francisco-based credit union, has taken steps to enable members to deposit checks from their home or office. It selected CO-OP My Deposit from CO-OP Financial Services to provide the service. "Now our members do not have to leave home to make deposits. We have 40 branches in Northern California, but still many of our members are not located near a branch," according to John Shields, Patelco's senior vice president/chief technical officer. The service allows depositors to use their own scanner to send check images to Patelco's online banking website. The service does not require adoption or installation of new hardware, said CO-OP Financial Services. Patelco's use of CO-OP My Deposit will be available by mid-to-late first quarter ... * RALEIGH, N.C. (1/8/10)--State Employees' CU (SECU), based in Raleigh, has introduced the SECU NSF Fee Free Days to enhance its no-cost overdraft protection program. More than 80% of SECU's 800,000 checking accountholders use the program. The new benefit will provide coverage for more than 150,000 members. SECU has one of the lowest nonsufficient fund fees (NSF) in the financial industry, charging $12 to cover handling costs and losses associated with returned checks. Now members can have the fee waived on two separate days during the year, regardless of the number of items marked as NSF. SECU will return the items to the payee but waive the member's credit union fees. SECU also is planning to launch a new controlled-spending account for use with a debit card for members who want to eliminate the possibility of overdrafts. And the $18.5 billion asset credit union is working on a program called "Another Chance," which will provide mobile alerts and an additional day for members to cover inadvertent overdrafts without fee, return or embarrassment. That program is set for introduction in the Spring ... * REDWOOD CITY, Calif. (1/8/10)--San Mateo CU (SMCU), in Redwood City, Calif.--through a special program--is offering members a way to help bring affordable financial services to developing countries. Visitors to any one of the six SMCU branch locations throughout the county have the opportunity to drop their “small change” in a special coin box. The “Small Change, Big Difference” campaign, developed by the World Council of Credit Unions, gives credit union members worldwide a chance to tangibly support international development through credit unions. Donations will be used for the Credit Union Start-up Fund, which helps new and small credit unions in developing countries provide the means by which the working poor can lift themselves from poverty ... * MADISON, Wis. (1/8/10)--UW CU in Madison, Wis., this month is launching its online Money Management Tools, which are integrated into Web Branch--the credit union’s online banking program. The free expense tracking and reporting tool is designed to help consumers better understand their spending. Users can assign categories to transactions and make notes on each transaction. The functions helps users better understand their spending habits by assigning categories to transactions such as home, groceries, utilities, income and other areas. Labels also can be assigned to add further detail--such as different family members or a particular event--to each item …


RSS print
News Now LiveWire
#NewsNow @MountainAmerica among top 100 worldwide in HR management http://t.co/QqfzOSTkiA
55 minutes ago
Missouri #creditunions embrace Bank on More SUV sweepstakes #NewsNow http://t.co/yjD1qNt68T
1 hours ago
In letter to Pres Obama, @CUNA CEO @Nussle urges natl action on cybersecurity, breaches #NewsNow http://t.co/rZFzSXWJOP
1 hours ago
Bank ATM fees continue to climb. Credit unions? Not so much. #NewsNow http://t.co/7nfcqusVuM
2 hours ago
NCUA 2day liquidated Republic Hose Employees FCU,Youngstown,Ohio, after determining the CU was insolvent w/no prospect for viable operations
2 hours ago