Concentration risk is low, diversification benefits touted.
A CUNA survey of some of its member credit unions suggests credit unions with less than $10 billion in assets have begun to take a hit to their debit card interchange even though they were not supposed to feel the impact of a debit interchange cap.
Participating credit unions showed drop in debit interchange for PIN transactions.
Bank regulator budget compares with 6.1% budget hike for NCUA.
Consumers plan to spend more on holiday gift giving this year, as much as a 4% increase, according to an annual survey on the topic sponsored by CUNA and the Consumer Federation of America. The two groups released the survey results in a press event Nov. 21.
Results show 3.5% to 4% increase over last year.
Association promises seasonal chestnut will offer fresh meat.
Members of Technology Credit Union voted to reject a proposal to convert their institution to a mutual bank.
Seventy-seven percent of voting members cast ballots to remain a credit union.
Small bank trade pushing hard for Congress to extend FDIC coverage of noninterest-bearing transaction accounts before it expires Dec. 31.