Even though their credit union supporters maintained it was a good idea until the end, the notion of buying or chartering an industrial loan corporation to purchase credit union credit card portfolios proved to be just too controversial. Last week, both the $3.4 billion Wescom Credit Union and CUNA Mutual...

Are the roughly 44,000 members of the $586 million Nationwide FCU being offered enough money for their credit union?

VANCOUVER, Wash. - The ongoing saga of the $700 million Columbia Community Credit Union appeared to draw closer to a close last week as, in two separate events, a Washington appeals court ruled against a members group and the members of the CU appeared to vote against the members group's...

SAN FRANCISCO - Although it is taking pains to not be seen as taking responsibility for card data breaches, Visa USA has put some policies into place to prevent them and to ameliorate their damage.

ALEXANDRIA, Va. - The process through which two credit unions seek to stop being CUs continued to grind on last week as the NCUA's letter to the $331 million Lafayette FCU came to light and the NCUA Board approved the procedures that the $587 million Nationwide FCU will need to...

WASHINGTON - The National Credit Union Foundation is stepping up with a pledge of millions of dollars to adopt a program which promises to involve far more credit unions in serving lower income members and households.

GERMANTOWN, Md. - The $204 million Mid-Atlantic Federal Credit Union has written to the Office of Thrift Supervision, urging the federal regulator to turn down the application of the $31 million Lafayette Federal Credit Union to change to a mutual bank.

VANCOUVER, Wash. - Disagreements among leaders of the $700 million Columbia Community Credit Union continue to plague the former bank conversion candidate.