TITLE

CUs Mull Job Cuts, Repricing

AUTHOR(S)
Birch, Ray
PUB. DATE
March 2011
SOURCE
Credit Union Journal;3/7/2011, Vol. 15 Issue 10, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the preparation of credit unions (CUs) for the potential impacts of the loss of interchange revenue such as job cuts and repricing of services. According to chief-executive-officer (CEO) Doug Fecher of Wright-Patt CU, the reduction of employment in credit union is the only way to reduce expenses. Meanwhile, representatives of Visa and Mastercard have little confidence in the ability of the two-tiered payment system.
ACCESSION #
59225648

 

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