Columbia Credit Union, the $725 million credit union that almost became a bank in 2003 has voted to expel seven of its members who helped organize the effort to keep it a credit union.

The Community Financial Services Association, the trade association for payday lenders, has denounced a recent Department of Defense report that asked Congress for laws that would regulate how payday lenders lend money to members of the U.S. military.

A former NCUA examiner and economic development specialist has been hired by the Financial Service Centers of New York, the New York association of check cashers, to further and deepen the connections between New York's check cashers and credit unions.

Dave Adams, CEO of the Michigan Credit Union League, has urged the $1.8 billion DFCU Financial and the DFCU Owners United group to seek common ground they could use to end their dispute.

The Discover Financial Services, a subsidiary of Morgan Stanley and the issuer of Discover branded cards, has announced a new advertising campaign started at the end of August.

The $333 million Verity Credit Union may have attained the gold standard for credit card rewards programs: people are joining the credit union in order to get the card that carries the rewards.

The public effort to convince a majority of the $331 million Lafayette Federal Credit Union to convert their credit union to a mutual bank charter got off to a rough start.

As of press time it appears NCUA has received roughly 36 comments related to its most recent proposed revision of regulations that govern the conversion of a credit union to a mutual bank.