As interest rates have dipped and more CUs have opted to sell their mortgages onto the secondary market, they have faced a dilemma: will they or won't they sell the servicing rights?

All credit unions that originate mortgages should have at least a procedure in place for what do when some or most of those mortgage borrowers get into trouble with their loans.

Forty-eight community development credit unions that applied for funds from the U.S. Treasury Department's Community Development Capital Initiative received them by the time the program distribution closed last week.

The U.S. Justice Department announced last week that a long-running antitrust investigation against the three largest card brands has ended in a settlement with two of the three and litigation against the third.

PSCU Financial Services has reported that a sweepstakes offering allowed participating CUs to boost their members' use of online bill pay 17.8% during a two-month promotion.

A national bank in Minnesota has filed a suit in federal court challenging the constitutionality of the Durbin Amendment.

The Credit Card Act of 2009 has helped the percentage of consumers dissatisfied with their credit cards drop slightly, but credit cards remain on of the lowest ranked consumer services ever.

CO-OP Financial Services, the parent CUSO of the popular CO-OP Network of fee-free ATMs, is working with a Seattle-based credit union to bring fee-free ATM services to largely unbanked populations.