CUs Mull Job Cuts, Repricing

Birch, Ray
March 2011
Credit Union Journal;3/7/2011, Vol. 15 Issue 10, p1
Trade Publication
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.


Related Articles

  • Vermont Passes Limits On Interchange Fees.  // Credit Union Journal;5/31/2010, Vol. 14 Issue 22, p10 

    The article reports on the effect of interchange fee reform efforts on credit unions in Montpelier, Vermont.

  • Say What Needs Saying and Say It Again. Cooke, Sarah Snell // Credit Union Times;3/2/2011, Vol. 22 Issue 8, p4 

    An introduction to the journal is presented in which the editor discusses various reports published within the issue including one on a cap of interchange fees and one on credit unions.

  • How Interchange Might Also Affect Membership Growth. Freeman, Lisa // Credit Union Journal;3/14/2011, Vol. 15 Issue 11, p23 

    The article reports on the impact of the debit interchange cap on the membership growth of the national credit union in the U.S.

  • Braman, GM settle pricing suit. Wilson, Amy // Automotive News;7/1/2013, Vol. 87 Issue 6575, p24 

    The article on billionaire megadealer Norman Braman's settlement of his two-tier pricing case against automobile manufacturer General Motors Co. (GM). in South Florida. It mentions that the lawsuit was filed in January 2012 over the legality of dealership renovation programs of the firm, paying...

  • Ministers accused of U-turn as two-tier code put on hold. Day, Karen // Public Finance;1/24/2003, p6 

    Reports on the dispute between private sector and unions over the postponement of the two-tier employment code in Great Britain. Reason for the reluctance of the government to publish the employment code; Fury of unions on the insertion of an arbitration clause into the code.

  • Budgets rise more in two-tier councils.  // Public Finance;08/09/96, p3 

    Focuses on shire councils budget that remained two-tier showed at Chartered Institute of Public Finance and Accountancy (CIPFA) figures. Comments of Association of County Councils (ACC) concerning the figures.

  • Highs & lows. Henricks, Mark // Entrepreneur;Oct97, Vol. 25 Issue 10, p75 

    Presents information on two-tier marketing. Details on the chicken company Mike Helgeson; Information on the development of the company Gold'n Plump; Names of companies using two-tier marketing; Comments from chief executive officer of Gold'n Plump Poultry Incorporated Mike Helgeson.

  • CUJ Q&A.  // Credit Union Journal;7/12/2010, Vol. 14 Issue 27, p28 

    An interview with Dennis Dollar, principal with Dollar Associates, is presented. When asked about the changes relative to credit unions' (CUs) and banks' preparation for Reg E rules, Dollar says that compliance officers and third-party consultants are expected to comply with the new rules, while...

  • Four CEOs' Views On What Durbin Means To Them.  // Credit Union Journal;3/28/2011, Vol. 15 Issue 12, p4 

    The article focuses on a debate in the U.S. Congress over the Durbin Amendment, which places a cap on interchange income for credit unions and other financial institutions in the country.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics