Credit unions that have been recognized as community development financial institutions and those that have been judged viable by the NCUA have begun receiving money under the Community Development Capital Initiative.

Credit unions which supposed their card programs with no annual fees would necessarily benefit over bank cards that carried annual fees may need to think again.

NAFCU has used a letter to the leadership of a House Subcommittee to voice credit union's continuing objections to debit card interchange regulation.

A credit union executive will tell a House Small Business Committee's Subcommittee on Oversight and Investigations that the new federal interchange rules will mean his CU will have to start charging members for using debit cards.

Researchers affiliated with the Federal Reserve Bank of Boston have claimed that the credit card market structure transfers money from lower income households to wealthier ones.

Stan Hollen, CEO of CO-OP Financial Services, has received an award from the Global Women's Leadership Network, a program of World Council of Credit Unions.

Dynamic Card Solutions, the leading provider of systems that allow banks and credit unions to issue credit and debit cards on-site, announced it is close to receiving a patent on its process.

A credit union which applied for a federal mutual bank charter and then withdrew its application saw its net worth ratio fall to 1.21% in June.