Eight credit unions have signed on to begin offering the Coopera Card in 2012.
Three specialized groups formed, two more planned.
CFPB director testifies Tuesday at Senate Banking Committee hearing.
A group of nine Nebraska credit unions will roll out the “Save to Win” raffle program in three cities this week.
MoneyDesktop said it has signed four more credit unions as users of its online personal financial management platform.
New PFM clients are in Texas, Oregon, Nebraska.
Short-term loans are in demand. According to a recent Wall Street Journal report, payday lender and pawn shop share prices jumped in October. Some credit unions are taking this opportunity to provide similar products, but at a lower cost and with a different philosophy in mind. While payday lenders encourage...
Despite a lingering lending slump, several credit unions managed to grow their loan portfolios by more than 5% during the Great Recession.
After rejecting its initial bid this summer, S1 Corp. has agreed to be acquired by ACI Worldwide Inc., the electronic payments and online banking companies said.
Members of six credit unions in Lincoln, Neb., will have another way to meet their need for short- term, low-dollar loans after their CUs joined together to start offering an alternative to payday loans offered elsewhere.