Credit union MasterCard issuers will likely be among the financial institutions that will share in a settlement between Heartland Payment Systems and MasterCard over the firm's 2008 data security breach.

NAFCU has written U.S. Senate Majority Leader Harry Reid (D-Nev.) and Senate Minority Leader Mitch McConnell (R-Ky.) over its concern with an amendment capping ATM fees.

Credit unions were among the groups that came out against last week's attempt to add the reform of Fannie Mae and Freddie Mac to the financial regulatory reform package in the U.S. Senate.

Vermont might become the first state to enact a law regulating whether and how retailers pay card interchange fees.

Some of the more than 20 credit unions that suffered losses when a vendor executive fraudulently sold mortgages written to Fannie Mae have made progress in getting at least some of their money and mortgages back.

As first reported in January, the National Credit Union Foundation has chosen Bucky Sebastian as its new executive director.

CUSO Mortgage, a mortgage CUSO serving between 30 and 40 credit unions from a headquarters in Halpern, Maine, has used a series of promises to sharply increase the numbers of first mortgages it issues.

Quicken Loans, the fourth largest mortgage lender in the U.S., has rolled out a loan origination service aimed at community banks and credit unions.