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NEW YORK Visa and MasterCard filed suit Friday against several of the nations biggest retailers seeking a declaration that the fees they charge merchants for credit card transactions do not violate antitrust law, potentially adding significant costs to credit unions and banks which would pay for the landmark $7.2 billion settlement.
May 28 -
COLUMBUS, Ohio Adding to the CU support that has been flooding in to help Oklahoma towns recover from last weeks deadly tornadoes, the Ohio Credit Union Foundation has granted $5,000 in assistance for CU members and communities impacted by the destruction.
May 27 -
WARNER ROBINS, Ga. Robins FCU said its employees hosted fundraisers across its branch network and raised $51,319.02 for the American Cancer Societys Relay for Life.
May 27 -
WASHINGTON A second circuit court ruling invalidating one of President Obamas recess appointments to the National Labor Relations Board could provide additional ammunition to anyone inclined to challenge the validity of his choice to lead the Consumer Financial Protection Bureau, according to new analysis by Ballard Spahrs Consumer Financial Services Group.
May 27 -
OFALLON, Ill. Two employees of Scott Credit Union here were robbed while loading cash into an ATM.
May 27 -
ALPHARETTA, Ga. The days of ever-growing branch volume are over, and as a result, credit unions and banks alike need to pay more attention to staffing levels, according to the 2013 FMSI Teller Line Study.
May 27 -
SAN DIEGO The $6.2-billion San Diego County Credit Union is opening two more branches, bringing its network to 31.
May 27 -
REDDING, Calif. With Fathers Day approaching, Members 1st Credit Union here is staging a video contest for the most deserving dad in Shasta and Tehama Counties, with the winner receiving two tickets to a San Francisco Giants game.
May 27 -
ANCHORAGE, Alaska Credit Union 1 has launched what it is calling a Social Impact Map, a solution that allows it to display its giving activity as part of a broader cause-marketing strategy.
May 27 -
COSTA MESA, Calif. A new Experian study of 750,000 credit reports indicates that women have less debt than men and slightly higher credit scores.
May 27 -
WASHINGTON An analysis of more than 700 banks that maintained CAMEL 1 ratings over the past six years has found no single commonality for that success.
May 27 -
WASHINGTON A bipartisan group of senators led by Sen. Bob Corker (R-TN) is leading a new effort to draft legislation designed to reform the housing finance system, including a plan to wind down the government-sponsored enterprises.
May 27 -
While auto lending is showing positive signs for credit unions-new car sales are up as are CU loans-credit unions are having to scrap harder for each deal, dig deeper into credit tiers, drop rates and even extend terms.
May 27 -
The $1.7-billion UWCU is finding it can take on manufacturer deals this year, with new car loans showing a marked increase.
May 27 -
COLORADO SPRINGS, Colo.-The person who was first to make the call that the used car price bubble could burst, now says the downward slide in used values is starting, as well.
May 27 -
Despite industry-wide numbers showing lending up at credit unions overall and auto playing a big role, a number of credit unions in this state say it is tough to make car loans this year-even with one priced at .99%.
May 27 -
CU Direct's CUDL brand has expanded operations into Canada with the launch of Auto Premier, which leverages CUDL products and technology to provide automotive web strategies and solutions to the Canadian credit union marketplace.
May 27 -
Arizona FCU received a lot of attention recently when it introduced a $3 monthly membership fee recently, but one person believes more credit unions will follow.
May 27 -
Investment and insurance brokerages have two significant advantages over other income streams for credit unions, according to Hendrix Niemann, managing director of practice and wealth management services for CUNA Mutual Group's CUNA Brokerage Services.
May 27 -
Credit unions are already armed with the data they need to improve their bottom lines, but Theresa Benavidez, president of Corelation, says too few recognize what they have.
May 27
