The $3.2 billion Wescom Credit Union has purchased credit card portfolios from eight credit unions since launching the service in late 2006.

The $1.2 billion UW Credit Union has signed a deal with the University of Wisconsin-Madison that will allow students to use their identification cards at the CU's ATMs.

In one of the signs of a possibly improving economy, California's second largest credit union is making more new mortgage loans as it continues to refinance existing loans.

In part, consumer demand is at the root of payday loans' rise in popularity as the fees mainstream institutions charge grow, an executive from a leading payday loan firm stated.

A lawsuit filed by the Minnesota Attorney General Lori Swanson has brought to light a significant difference between credit union card issuers and other, usually larger, bank card issuers.

CUC Mortgage Corp. has picked up the $21 million R-S Bellco Federal Credit Union, based in New Brighton, Pa., as a client.

Call it a sign of the down economy and California's shifting real estate market. The $7.5 billion The Golden 1 Credit Union has announced that it will start writing mortgages eligible for insurance from the Federal Housing Authority.

An executive with the Center for Responsible Lending applauded the NCUA's most recent guidance to federal credit unions on payday lending, but said he expected implementing it to take time.