NCUA Proposal Would Allow Investments In Derivatives

BIRMINGHAM, Ala.-Overall credit card debt fell for the first time this year during the month of March, according to data just released by the Federal Reserve. Revolving credit, made up mostly of credit card debt, decreased in March at an annual rate of 2.4%. It now totals $846.2 billion, a decrease of $1.71 billion from February, reports Lowcards.com.

CUNA is rolling out a national campaign aimed at the grassroots of credit unions-their 96 million members-with the theme, "Don't tax my credit union."

NAFCU Names Winners, Board

Banks and CUs have finally found common ground-both loathe the Consumer Financial Protection Bureau.

Eleven credit unions across this state participated in a joint effort at seven different locations as part of the Kansas Credit Union Association's "Make a Difference Day" campaign. At the various events consumers were presented with gift cards, cash, free coffee or free lunch.

Sequestration Counseling On Tap

Financial Center FCU has launched G2, a mentorship program designed to help mold the next generation of credit union leaders.

As the result of the new Qualified Mortgage (QM) rule from the Consumer Financial Protection Bureau, nearly half (44%) of credit unions in a survey conducted by NAFCU indicated they will cease originations of non-qualified mortgages, while another 44 percent will reduce originations.

Will Crosswell, business development officer at Palmetto First FCU, Florence, S.C., was named "Palmetto Protégé" by the South Carolina Credit Union League.

SAVANNAH, Ga.-Peach State FCU's Credit Union Financial Services Organization and Georgia CU Affiliates are working with charity Purple Heart Homes to make home ownership possible for disabled veterans who wouldn't otherwise qualify for mortgage loans.

Credit unions are showing a "healthy'"5.2% annual growth in lending, according to a new analysis of Q1 data by CUNA Mutual Group's Trends Report.

American consumers have come to expect some sort of reward with the plastic cards they use.

A new report attempts to shed light on who the 51 million people are who actually make up the category of "the underbanked."

North, South Carolina CULs To Merge

Celeste Cook, founder and President/CEO of cuStrategies, LLC, gives nine ways to open doors for your credit union and how to keep them open for new opportunities.

Have credit unions simply become too sophisticated for volunteer board members to oversee? To understand? To manage any longer?

Roger A. Licht, President of Credit Union One, asks why the sale of US Central HQ is secret.

A selection of images featuring credit unions’ efforts in their communities.

WASHINGTON – Two consumer advocacy groups are urging NCUA to crack down on nine credit unions that allegedly engage in usurious lending practices akin to payday lending.