Membership qualification confusion forces credit unions to offer better pricing and benefits.
Email fraud appearing to be from a big bank pitches 15% yield, claiming an international partner.
The deposit accounts are now $44B below their March 2009 peak.
WalletHub report finds interest bearing checking accounts pay as much as 504% more on balances up to $50,000 than savings and money markets.
Coastal Federal Credit Union has launched a credit card aimed at helping members finance purchases of big ticket items such as appliances and furniture.
In light of the financial challenges faced by credit unions over the past few years and specifically the increasing interest rate risk that comes with many credit unions borrowing short to lend long, the NCUA has refocused its attention on asset-liability management functions.
It’s been nearly two years since the passage of the Dodd-Frank Wall Street Reform Act, which for the first time since the Great Depression allows interest to be paid on business checking accounts.