Visa Inc. has broken with its customary practice or not speaking directly on the issue of card interchange to comment explicitly on the amendment to regulate card interchange sponsored by Sen. Richard Durbin (D-Ill.).

NAFCU vowed it would continue to oppose an amendment to the regulatory overhaul bill that would regulate card interchange. The measure was sponsored and championed by Illinois Democratic Senator Richard Durbin.

The rates of foreclosures in the country dropped in April for the first time since before the current economic downturn began, according to Realty Trac, a firm that bills itself as the "leading online marketplace of foreclosure properties."

The $3.1 billion United Nations Federal Credit Union has become the first financial institution in the U.S. to issue the sort of chip and pin credit card that members will be able to easily use both in the U.S. and overseas.

Ed Jacob, CEO of the $9.2 million North Side Community Federal Credit Union is leaving the institution to take a job outside the credit union industry.

The NCUA has reminded credit unions that the Internal Revenue Service has made more than $12 million available in grants for credit unions and other institutions to use in income tax preparation programs for the elderly and underserved.

Members who use shared branching services are more profitable for their CUs, according to a study commissioned by CO-OP Financial Services, the parent CUSO of CO-OP Shared Branching.

The majority of credit unions have seen their credit card programs largely unchanged by the implementation of the Credit Card Accountability, Responsibility and Disclosure Act.