Marine Federal Credit Union said balance has claimed 8.5% and net yield by 2% in past year.
Reg Z change will allow third-party income to be considered under CARD Act of 2009.
ST. PETERSBURG, Fla. — CSCU CEO Robert Hackney urged credit unions to pick up the pace in the face of changes in the payments space.
ST. PETERSBURG, Fla. — Nearly 300 credit union executives have gathered here this week for the 25th annual meeting of Card Services for Credit Unions.
App will let cardholders lock, unlock, set alerts and thresholds.
St. Louis credit union cites ease of issuing new cards and launching new programs.
Despite widespread recognition of their importance to an overall loan portfolio, credit cards remain far too mysterious to far too many credit unions, according to consultants that work with credit unions on credit card management.
Awareness and ownership, risk vs. reward and know thy members. All this can pay off in the card portfolio, these experts say.
Credit bureau says consumers adding less to credit lines, using less of what they have.
Fourth quarter figures show delinquency rate at lowest level since 1994. Economist cites home-related payment improvements, too.