ALEXANDRIA, Va. -- NCUA Board Chairman JoAnn Johnson has warned consumers against misuse of their credit cards during the holiday season

ALEXANDRIA, Va. -- NCUA has ended the use of the CAMEL matrix in favor of risk based examinations, according to a letter to federal credit unions released Dec. 18.

ALEXANDRIA, Va. -- NCUA has ended the use of the CAMEL matrix in favor of risk based examinations, according to a letter to federal credit unions released Dec. 18.

In a move which some have criticized as not deep enough, the Federal Open Market Committee of the Federal Reserve cut its target for the federal funds rate 25 basis points to 4.25%.

A U.S. District Judge has dismissed an effort to roll back the NCUA regulations that oversee credit union conversions to bank charters.

A slowing market for CU card portfolios has not stopped TNB Card Services, the card portfolio purchasing and processing arm of credit union owned Town North Bank, from continuing to buy. The CUSO reports that it has purchased 45 card portfolios in 2007 and 150 overall.

Card security took a page out of a Dickens novel this year, beginning with the infamous TJX breach but culminating in increased efforts to strengthen information security standards when it comes to plastics.

Credit unions' efforts to reach out to underserved communities and develop better strategies to serve lower income members took several steps into the credit union mainstream in 2007.