Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
ICUL Service Corp. offers text messages on prepaid debit programs
NAPERVILLE, Ill. (8/4/10)--The ICUL Service Corp. (LSC), a subsidiary of the Illinois Credit Union League, is offering “member alerts” as a free enhancement for 830 credit unions nationwide that have LSC’s Everyday Spend and TravelMoney products. Cardholders can receive texts or e-mails about balance information, transactions or suspicious activity. Members can select their preferences for the program through its website, set low balance thresholds and choose the frequency of regular balance notifications. This year, LSC reduced the monthly cost of the Everyday Spend card to the member to $1.75 per month from $2 per month--a portion of which is reimbursed to the credit union. Competitors like Walmart charge $3 or more per month. The monthly fee to the credit union was also removed. In addition, the number of times in which a member can reload or fund the TravelMoney card is now unlimited, LSC said. Everyday Spend card use has increased 149% since 2009. Use of TravelMoney has grown 125%.
Other Resources

RSS print
News Now LiveWire
#FreeGasFriday courtesy of @tvfcu, TN #creditunions http://t.co/wDRFYJVlpz
22 hours ago
If you were unable to watch or attend @cuna 's @thehill Hill forum on Wed., you can now watch the archived version: http://t.co/FhUnp7HbU8
23 hours ago
Time is running out. If you haven't taken the #NewsNow readership survey, please click here now: http://t.co/4Gp6C2Wa4o
23 hours ago
African financial inclusion possible with mobile money: @IMFNews study http://t.co/0V5DTQToxY
1 Day ago
Louise Herring's birthday is Saturday. 105 years later, her legacy lives on through her kids http://t.co/oMqGADmo0d http://t.co/T3NmS9NqEY
1 Day ago