Check imaging at the ATM has moved significantly closer to reality.

As the $332 million Lafayette Federal Credit Union moves toward the Dec. 16 special meeting that will end the balloting on whether or not it will remain a credit union, there are indications that the institution might find it especially hard going as a bank.

Working off the recent federal cap on payday loans to military service members, the Center for Responsible Lending, Consumer Federation of America and National Association for the Advancement of Colored People have begun working to get as many states as possible to limit all payday loans to charging interest rates...

Credit unions' improved management of their credit card portfolios has started showing up in the latest statistics, according to analysis performed by card brokerage firms.

Paula Edwards, CEO of the $523 million Nationwide Federal Credit Union, which was recently acquired by Nationwide Bank, has announced she will step down in early 2007.

As credit unions work to offer their members more small business loans and services, Visa USA has been steadily making its way into the small business market, offering credit unions the tools that Visa says they will need to meet their members' small business needs.

Slowly and surely the ATM industry in the U.S. is building the infrastructure and developing the technology it will need to completely handle and clear paper checks electronically, in the hope that eventually financial institutions and consumers will want to use it.

The $3.5 billion Wescom Credit Union has decided to go into the market for credit union card portfolios even though its original idea of purchasing an industrial loan corporation fell through.