It's short-sighted for credit unions to dismiss new competition from two giants with loyal customers.
The credit union community allegedly eclipsed 100 million members this year. The figure is bogus, and even the most religious credit union believers know that figure includes not a small amount of double counting from memberships by one person at multiple credit unions and other account structures.
A credit union CEO and a financial analyst say Wal-Mart's new checking account won't directly compete with credit unions.
U.S. District Court Judge John Gleeson ruled July 18 that retailers unhappy with the settlement of a credit card interchange civil suit may continue with a new legal proceeding against major card brands.
A Friday ruling allows retailers who opted out of last year's settlement to proceed with new suits. Card brands can also countersue retailers.
Fans of the San Francisco 49ers are such avid users of social media channels that Esurance seized on an opportunity to create for them even stronger ties to the NFL football team.
Sam's Club, Wal-Mart's membership-only retail warehouse operation, will issue proprietary credit cards that will carry an EMV chip for authentication beginning June 23, the company said.
The $2.4 billion Service Credit Union of Portsmouth, N.H., opened its 42nd branch. The Tilton branch is the credit union's 25th in New Hampshire and 12th in-store branch and is its first in Belknap County. It's located inside a Wal-Mart on Sherwood Drive.
The Mountain West CU Association launches CU.PAY to help credit unions compete with PayPal and other micro payment providers.
The big box retailer will launch the proprietary credit cards June 23.