Steve McDonald, the new CEO of credit union owned Town North Bank, said that while the bank has no immediate plans to rejoin the market for credit union card portfolios he would not rule it out for the future.

Despite a down economy and pressure on consumers, a number of credit unions have found their members happy to use credit union issued credit cards, according to TNB Card Services, a noted CU credit card processor.

The 7-Eleven chain of convenience stores says it has millions of signatures from consumers upset about credit and debit card interchange fees.

Popular financial adviser Suze Orman has touted the benefits of using a credit card issued by a credit union over credit cards issued by major banks on a recent show.

Responding to a request from NCUA Board Member Michael Fryzel for legislative language addressing credit union's need for alternative sources of capital, CUNA and NAFCU have agreed on a secondary capital package.

The Treasury Department's Community Development Financial Institutions Fund has announced that it is accepting applications for it 2010 grants.

The National Consumer Law Center, a Washington based consumer protection organization released a 50 page report sharply criticizing federal, state and local mortgage modification programs for not really pushing mortgage servicers to help homeowners.

Town North Bank has confirmed that long-time CEO John Reap has stepped down as CEO. Town North is the only bank owned by credit unions in the U.S.