The FDIC has issued a letter warning banks against charging customers an “FDIC fee” to compensate for deposit insurance assessments.
Longtime customers of Thrivent Financial Bank, an Appleton, Wis.-based bank with credit union roots, may experience confusion and feelings of déjà vu in the coming months as the bank returns to being a credit union.
California’s small businesses and other employers may have to meet a host of conditions before they are able to pay their employees with a payroll card.
CUNA Chief Economist Bill Hampel says his analysis shows that Tech CU would pay more for FDIC coverage than now for NCUSIF.
Small businesses and other employers may have to meet a host of conditions to pay employees with a payroll card.
The NCUA says it's not developing a contingency plan for helping credit unions that stay deal with any new costs from more departures.
Dennis Adams said he doesn't read too much into handful of planned conversions from NCUA coverage to his company.
American Share Insurance cites lower yields on bonds, weaknesses in some of its markets for rate hike.
Forget the debate over whether or not a credit union should keep offering free checking accounts, there are signs credit unions may eventually have to decide whether or not to charge their members fees for holding deposits.
A death sentence for credit unions? An impetus to change the business model? Depends on who you ask.