Fintech

The two credit unions are calling off what would have been one of the biggest mergers in credit union history.

The Federal Reserve's decision to raise interest rates for the first time in nearly a decade is raising questions about how the move will effect loan and deposit rates at CUs.

After several years of tussling with mortgage rules and their implementation, the Consumer Financial Protection Bureau is focusing on several areas that will primarily affect the nonbank market, including debt collection, payday-type loans and prepaid cards.

ST. PETERSBURG, Fla. — PSCU, a CUSO that provides payment processing and card program marketing services to its 800 owner credit unions, announced on Wednesday that it issued a patronage dividend of $36.5 million for its 2015 operations.

American Airlines Federal Credit Union on Tuesday said it paid a bonus dividend of more than $12 million to qualifying members on Dec. 19, 2015

The Minnesota Credit Union Network (MnCUN) announced that it is launching a prize-linked savings (PLS) account called “WINcentive” that will be available at fourteen credit unions across the state.

The Seattle-based tech giant, in its latest foray into the financial services business, has begun offering installment loans to British consumers.

FAA Credit Union's board of directors approved year-end rebates and bonuses to qualifying accounts among its more than 50,000 members – for the 15th consecutive year.

Hanscom Federal Credit Union has acquired W.H. Nichols Employees Federal Credit Union as of Jan. 1.

New patents provide a glimpse into how Apple Inc. plans to personalize the payments experience by harnessing Apple’s iMessage channel, bringing it in line with message-based P2P services from Venmo, Facebook, Google and others.