The rate of residential foreclosures remains significantly above where it was last year, but dropped 8% in November compared to October, according to RealtyTrac, a leading marketer of foreclosed property.

Call it a hard candy holiday season, but this year almost half of consumers surveyed plan to use any cash they are given as holiday gifts to help meet expenses like groceries,

Credit unions' card programs performed strongly in the third quarter of 2009, but the numbers of credit unions that have sold their card portfolios ticked higher as more credit unions face pressure

The numbers are in and the $185 million MCT Credit Union, headquartered in Port Neches, Texas, found this year a good time to cross sell cards as the CU set out to grow its credit card portfolio.

After he leaves the National Credit Union Foundation on Dec. 31, executive director Steve Delfin will begin as the CEO of America's Charities.

Fallout from the CU National Mortgage LLC fraud continues to rain down.

Steve Delfin, the executive director of the National Credit Union Foundation, will leave that position effective Jan.1 to take a job with another, similar, organization he has worked with extensively in the past.

CUNA Mutual said other parties have responsibility and liability for the losses suffered by Educational Systems Federal Credit Union in the CU National Mortgage fraud and only went to court previously to establish that fact.