Despite a new state law in Colorado legalizing recreational use, credit unions still worry marijuana business accounts will run afoul of federal regulations.
While financial institutions wait for guidance from the DOJ, credit union leagues in Colorado and Washington caution against opening accounts for state-legal weed businesses.
Through a new agreement with a loan processing provider, Interra CU has opened the door for future growth.
CRIF Lending Solutions announces deals with four credit unions, providing lending and account opening solutions.
As credit unions continue to seek out more ways to generate income, the Pennsylvania Credit Union Association is hoping a new partnership will offer another solution.
The Pennsylvania Credit Union Association and CRIF Lending Solutions have partnered for merchant lending.
Credit card portfolios have had a rough go at things the past couple of years. Even with all the media attention on credit union credit cards in 2010, they grew just 2% that year. The previous five-year trend was an annual average growth rate of 10% to 12%.
Did your credit union sell its credit card portfolio in the last few years? Is your agent-issuing contract set to expire in the next 18 months?
A Minnesota based national bank has challenged the constitutionality of the law that would, for the first time, regulate debit card interchange.