Palash Ghosh

Legal fees for lawsuits against the banks and securities firms that sold the faulty mortgage-backed securities that led to the corporate credit union meltdown have eaten up more than 20% of total recoveries.

Credit unions may not face significant competition from Goldman Sachs’ entrance into consumer lending, but analysts say it should serve as a wake-up call for how CUs market personal loan products.

Credit unions face a new competitor for personal loans, but observers are confident that Goldman Sachs' name recognition is no match for the trust members have in CUs.

With implementation of a new IRS rule just weeks away, a group of seven financial trade groups, including Credit Union National Association (CUNA) and National Association of Federal Credit Unions (NAFCU), wrote a joint letter to the head of the IRS saying the rule could harm their members' mortgage lending activities.

The first-ever week-long celebration of credit unions in the Nutmeg State is timed to coincide with International Credit Union Day.

Credit unions in Maine surpassed $7 billion in assets for the first time ever and reported membership gains even as the state’s population levels off.

A $28.5 million fine won’t have much impact on the world’s largest credit union, but observers say that being disciplined by the Consumer Financial Protection Bureau could be a bellwether for further enforcement actions from the embattled agency.

The latest Filene study is the first research report to emerge from the "think and do" tank's Center for Consumer Decision Making.

The storm claimed at least 33 lives, though credit unions appear to have not suffered much — if any — significant damage.

The Jackson, Mich.-based credit union says members are still reporting fraudulent activity on reissued cards, even though the fast food chain says it has solved the malware issue that led to the data breach.