Credit unions have been handed "a tremendous opportunity" to gain new market share as a result of those continuing reports of big banks dropping free checking, the head of New Jersey's second largest CU said Wednesday.
The arrests of dozens of suspects in New York last week for the theft of at least $3 million from banking accounts across America was both good news and a wakeup call for the credit union industry.
A market research group that specializes in tracking card data said consumers are putting more on their credit cards now than at any time after the start of the economic downturn.
A market research group with a specialty in tracking card data said consumers are putting more on their credit cards now than at any time after the start of the economic downturn.
Addison Avenue FCU of Palo Alto, Calif. and First Tech CU, of Beaverton, Ore., are planning a consolidation this summer creating a $5 billion institution using the First Tech name.