The 2,000-member Southwest Chicago Chapter Credit Union has joined CO-OP Shared Branching through affiliating with the Credit Union Centers, the shared branch vender managed with the Indiana Credit Union League.

PMI Mortgage Insurance Company seized by Arizona regulators, ordered to pay 50% of claims.

PayPal has announced a deal with ATM manufacturer NCR that moves it more deeply into the payments arena. The predominantly online and mobile phone based payments company announced a suite of services aimed at the retail sector last month.

Commercial loans from two credit unions will provide the financing for the construction of a new hotel development that will eventually employ hundreds of residents of Pensacola, Fla., according to one of the credit unions that made the loans.

The National ATM Council and assorted independent ATM deployers have filed an anti-trust suit against Visa and MasterCard.

Consumers spent more on their credit and debit cards in September 2011 than they did in the same month last year, according to card processor First Data. But the firm credited inflated prices for the increase rather than an increase in purchases.

More than 1,000 credit unions now have their credit card offerings listed on CreditCardConnection.org, a website dedicated to helping consumers find credit union-issued cards.

For what may be the first time ever, a credit union has become the biggest source of housing finance for a major metropolitan area in the U.S.